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

Shares of CoStar Group, Inc. (NASDAQ:CSGP) have earned an average recommendation of “Moderate Buy” from the fifteen ratings firms that are currently covering the company, Marketbeat reports. Three investment analysts have rated the stock with a hold rating and twelve have given a buy rating to the company. The average 1-year target price among analysts that have issued ratings on the stock in the last year is $102.46.

A number of research analysts have recently commented on CSGP shares. BMO Capital Markets boosted their price target on shares of CoStar Group from $84.00 to $88.00 and gave the company a “market perform” rating in a research report on Thursday, April 25th. Keefe, Bruyette & Woods raised their price target on CoStar Group from $96.00 to $109.00 and gave the company an “outperform” rating in a report on Wednesday, April 10th. JMP Securities reissued a “market outperform” rating and set a $110.00 price objective on shares of CoStar Group in a report on Tuesday, June 18th. Royal Bank of Canada reaffirmed an “outperform” rating and issued a $109.00 target price on shares of CoStar Group in a research note on Friday, June 7th. Finally, Robert W. Baird boosted their price target on shares of CoStar Group from $90.00 to $105.00 and gave the stock an “outperform” rating in a research note on Monday, March 18th.

Insider Activity

In other CoStar Group news, CFO Scott T. Wheeler sold 122,736 shares of CoStar Group stock in a transaction that occurred on Friday, April 26th. The stock was sold at an average price of $92.61, for a total value of $11,366,580.96. Following the transaction, the chief financial officer now directly owns 303,417 shares of the company’s stock, valued at approximately $28,099,448.37. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. In other CoStar Group news, CFO Scott T. Wheeler sold 122,736 shares of the stock in a transaction on Friday, April 26th. The shares were sold at an average price of $92.61, for a total transaction of $11,366,580.96. Following the completion of the sale, the chief financial officer now owns 303,417 shares of the company’s stock, valued at approximately $28,099,448.37. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Also, insider Michael J. Desmarais sold 3,800 shares of the firm’s stock in a transaction on Friday, April 26th. The stock was sold at an average price of $92.67, for a total transaction of $352,146.00. Following the completion of the sale, the insider now directly owns 64,087 shares in the company, valued at approximately $5,938,942.29. The disclosure for this sale can be found here. Insiders own 1.57% of the company’s stock.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently bought and sold shares of CSGP. Teachers Retirement System of The State of Kentucky increased its position in CoStar Group by 3.6% during the 1st quarter. Teachers Retirement System of The State of Kentucky now owns 158,315 shares of the technology company’s stock valued at $15,294,000 after purchasing an additional 5,468 shares during the period. Cetera Advisors LLC increased its position in shares of CoStar Group by 523.0% during the first quarter. Cetera Advisors LLC now owns 38,453 shares of the technology company’s stock valued at $3,715,000 after buying an additional 32,281 shares during the period. Cetera Investment Advisers raised its stake in CoStar Group by 129.8% in the first quarter. Cetera Investment Advisers now owns 150,203 shares of the technology company’s stock worth $14,510,000 after buying an additional 84,854 shares in the last quarter. Swedbank AB purchased a new stake in CoStar Group in the first quarter worth about $4,223,000. Finally, Plato Investment Management Ltd boosted its position in CoStar Group by 1,158.0% during the 1st quarter. Plato Investment Management Ltd now owns 5,875 shares of the technology company’s stock valued at $568,000 after acquiring an additional 5,408 shares in the last quarter. Institutional investors own 96.60% of the company’s stock.

CoStar Group Stock Down 1.4 %

CSGP opened at $72.85 on Thursday. CoStar Group has a 12 month low of $67.35 and a 12 month high of $100.38. The company has a market cap of $29.75 billion, a PE ratio of 99.79, a price-to-earnings-growth ratio of 11.01 and a beta of 0.83. The company has a current ratio of 9.09, a quick ratio of 9.09 and a debt-to-equity ratio of 0.13. The company has a 50 day moving average of $83.43 and a 200 day moving average of $85.79.

CoStar Group (NASDAQ:CSGP) last posted its quarterly earnings results on Tuesday, April 23rd. The technology company reported $0.07 EPS for the quarter, topping analysts’ consensus estimates of $0.02 by $0.05. CoStar Group had a return on equity of 4.95% and a net margin of 11.64%. The firm had revenue of $656.40 million during the quarter, compared to analyst estimates of $649.27 million. On average, sell-side analysts expect that CoStar Group will post 0.45 EPS for the current year.

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.