CoStar Group (NASDAQ:CSGP) Given New $93.00 Price Target at Keefe, Bruyette & Woods

CoStar Group (NASDAQ:CSGPGet Free Report) had its price target cut by Keefe, Bruyette & Woods from $96.00 to $93.00 in a research note issued on Tuesday,Benzinga reports. The firm presently has an “outperform” rating on the technology company’s stock. Keefe, Bruyette & Woods’ price target would indicate a potential upside of 22.93% from the company’s previous close.

CSGP has been the topic of several other research reports. Citigroup cut their target price on shares of CoStar Group from $90.00 to $88.00 and set a “buy” rating on the stock in a report on Tuesday, January 14th. BMO Capital Markets decreased their price objective on shares of CoStar Group from $78.00 to $75.00 and set a “market perform” rating on the stock in a research report on Thursday, October 24th. JPMorgan Chase & Co. dropped their target price on shares of CoStar Group from $108.00 to $99.00 and set an “overweight” rating for the company in a report on Wednesday, October 23rd. Royal Bank of Canada restated a “sector perform” rating and set a $83.00 price target on shares of CoStar Group in a report on Friday, January 10th. Finally, Stephens reiterated an “overweight” rating and issued a $103.00 price objective on shares of CoStar Group in a report on Thursday, January 2nd. One research analyst has rated the stock with a sell rating, three have given a hold rating and ten have assigned a buy rating to the stock. According to data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and a consensus target price of $92.33.

View Our Latest Stock Analysis on CoStar Group

CoStar Group Stock Down 0.6 %

Shares of NASDAQ:CSGP opened at $75.65 on Tuesday. The stock has a market capitalization of $31.01 billion, a P/E ratio of 171.94 and a beta of 0.85. The stock’s 50-day moving average price is $74.76 and its 200-day moving average price is $75.41. The company has a current ratio of 9.63, a quick ratio of 9.63 and a debt-to-equity ratio of 0.13. CoStar Group has a 12-month low of $68.26 and a 12-month high of $100.38.

Insiders Place Their Bets

In related news, insider Michael J. Desmarais sold 5,500 shares of the company’s stock in a transaction dated Tuesday, November 26th. The shares were sold at an average price of $79.88, for a total value of $439,340.00. Following the transaction, the insider now owns 58,798 shares in the company, valued at $4,696,784.24. The trade was a 8.55 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. Corporate insiders own 1.57% of the company’s stock.

Institutional Investors Weigh In On CoStar Group

A number of institutional investors have recently made changes to their positions in CSGP. Howard Bailey Securities LLC lifted its holdings in shares of CoStar Group by 8.6% during the fourth quarter. Howard Bailey Securities LLC now owns 6,102 shares of the technology company’s stock valued at $437,000 after purchasing an additional 482 shares in the last quarter. Phraction Management LLC purchased a new stake in shares of CoStar Group during the 4th quarter valued at about $729,000. Allspring Global Investments Holdings LLC grew its stake in shares of CoStar Group by 6.9% in the fourth quarter. Allspring Global Investments Holdings LLC now owns 482,712 shares of the technology company’s stock worth $34,190,000 after acquiring an additional 31,152 shares during the period. Summit Trail Advisors LLC lifted its position in CoStar Group by 8.6% during the fourth quarter. Summit Trail Advisors LLC now owns 7,089 shares of the technology company’s stock valued at $508,000 after purchasing an additional 559 shares during the period. Finally, Equitable Trust Co. boosted its holdings in CoStar Group by 15.3% in the fourth quarter. Equitable Trust Co. now owns 102,084 shares of the technology company’s stock worth $7,308,000 after purchasing an additional 13,539 shares during the last quarter. Hedge funds and other institutional investors own 96.60% of the company’s stock.

CoStar Group Company Profile

(Get Free Report)

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.

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