CoStar Group, Inc. (NASDAQ:CSGP) Given Consensus Rating of “Moderate Buy” by Analysts

CoStar Group, Inc. (NASDAQ:CSGP) has earned a consensus recommendation of “Moderate Buy” from the fifteen ratings firms that are presently covering the firm, Marketbeat.com reports. Three analysts have rated the stock with a hold recommendation and twelve have issued a buy recommendation on the company. The average twelve-month price target among brokerages that have issued a report on the stock in the last year is $96.38.

CSGP has been the topic of a number of research reports. The Goldman Sachs Group dropped their target price on shares of CoStar Group from $108.00 to $93.00 and set a “buy” rating on the stock in a research report on Wednesday, July 24th. StockNews.com downgraded shares of CoStar Group from a “hold” rating to a “sell” rating in a research report on Monday, July 29th. Robert W. Baird lowered their price target on CoStar Group from $105.00 to $100.00 and set an “outperform” rating for the company in a research report on Wednesday, July 24th. Keefe, Bruyette & Woods cut their price objective on shares of CoStar Group from $109.00 to $100.00 and set an “outperform” rating on the stock in a report on Wednesday, July 17th. Finally, JMP Securities restated a “market outperform” rating and set a $90.00 price target on shares of CoStar Group in a report on Friday, September 6th.

CoStar Group Price Performance

CSGP stock opened at $77.90 on Tuesday. The company has a market capitalization of $31.81 billion, a P/E ratio of 106.71, a PEG ratio of 11.56 and a beta of 0.81. CoStar Group has a 52-week low of $67.35 and a 52-week high of $100.38. The company has a fifty day moving average price of $76.03 and a 200-day moving average price of $82.18. The company has a debt-to-equity ratio of 0.13, a quick ratio of 9.27 and a current ratio of 9.27.

CoStar Group (NASDAQ:CSGP) last released its earnings results on Tuesday, July 23rd. The technology company reported $0.15 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.09 by $0.06. CoStar Group had a net margin of 8.19% and a return on equity of 3.99%. The business had revenue of $677.80 million for the quarter, compared to analyst estimates of $677.18 million. During the same quarter in the previous year, the business earned $0.27 earnings per share. CoStar Group’s revenue for the quarter was up 11.9% on a year-over-year basis. As a group, equities analysts expect that CoStar Group will post 0.49 EPS for the current year.

Institutional Trading of CoStar Group

Several institutional investors and hedge funds have recently made changes to their positions in CSGP. Gilbert & Cook Inc. raised its position in CoStar Group by 14.3% during the fourth quarter. Gilbert & Cook Inc. now owns 14,571 shares of the technology company’s stock valued at $1,273,000 after purchasing an additional 1,824 shares in the last quarter. Accretive Wealth Partners LLC raised its holdings in shares of CoStar Group by 2.1% during the 4th quarter. Accretive Wealth Partners LLC now owns 9,398 shares of the technology company’s stock valued at $821,000 after buying an additional 192 shares in the last quarter. Private Advisor Group LLC lifted its position in CoStar Group by 3.4% in the 4th quarter. Private Advisor Group LLC now owns 6,491 shares of the technology company’s stock worth $567,000 after buying an additional 215 shares during the last quarter. BNP Paribas Financial Markets grew its position in CoStar Group by 21.7% during the fourth quarter. BNP Paribas Financial Markets now owns 417,373 shares of the technology company’s stock valued at $36,474,000 after acquiring an additional 74,357 shares during the last quarter. Finally, Jump Financial LLC lifted its holdings in shares of CoStar Group by 20.4% in the 4th quarter. Jump Financial LLC now owns 12,768 shares of the technology company’s stock worth $1,116,000 after acquiring an additional 2,159 shares during the last quarter. Hedge funds and other institutional investors own 96.60% of the company’s stock.

About CoStar Group

CoStar Group, Inc provides information, analytics, and online marketplace services to the commercial real estate, hospitality, residential, and related professionals industries in the United States, Canada, Europe, the Asia Pacific, and Latin America. The company offers CoStar Property that provides inventory of office, industrial, retail, multifamily, hospitality, and student housing properties and land; CoStar Sales, a robust database of comparable commercial real estate sales transactions; CoStar Market Analytics to view and report on aggregated market and submarket trends; and CoStar Tenant, an online business-to-business prospecting and analytical tool that provides tenant information.