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

Shares of CoStar Group, Inc. (NASDAQ:CSGP - Get Free Report) have earned a consensus recommendation of "Moderate Buy" from the fourteen analysts that are presently covering the stock, Marketbeat reports. Four investment analysts have rated the stock with a hold rating and ten have assigned a buy rating to the company. The average 12 month target price among brokerages that have issued ratings on the stock in the last year is $93.25.

Several research firms have recently commented on CSGP. JMP Securities restated a "market outperform" rating and set a $90.00 price target on shares of CoStar Group in a research report on Friday, September 6th. BMO Capital Markets lowered their price target on CoStar Group from $78.00 to $75.00 and set a "market perform" rating for the company in a research report on Thursday, October 24th. Royal Bank of Canada lowered CoStar Group from an "outperform" rating to a "sector perform" rating and lowered their price target for the stock from $96.00 to $83.00 in a research report on Wednesday, October 23rd. JPMorgan Chase & Co. lowered their price target on CoStar Group from $108.00 to $99.00 and set an "overweight" rating for the company in a research report on Wednesday, October 23rd. Finally, Citigroup decreased their target price on CoStar Group from $97.00 to $90.00 and set a "buy" rating for the company in a report on Thursday, October 24th.

Insider Buying and Selling at CoStar Group

In other news, Director Michael R. Klein sold 71,633 shares of CoStar Group stock in a transaction dated Friday, October 25th. The stock was sold at an average price of $74.69, for a total transaction of $5,350,268.77. Following the sale, the director now owns 1,913,501 shares in the company, valued at approximately $142,919,389.69. The trade was a 3.61 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, CEO Andrew C. Florance bought 14,731 shares of the business's stock in a transaction dated Friday, October 25th. The shares were purchased at an average price of $74.67 per share, for a total transaction of $1,099,963.77. Following the transaction, the chief executive officer now directly owns 1,263,098 shares of the company's stock, valued at approximately $94,315,527.66. This represents a 1.18 % increase in their position. The disclosure for this purchase can be found here. 1.57% of the stock is owned by insiders.

Institutional Investors Weigh In On CoStar Group

Institutional investors have recently added to or reduced their stakes in the business. Ashton Thomas Securities LLC purchased a new stake in shares of CoStar Group during the 3rd quarter worth approximately $40,000. Industrial Alliance Investment Management Inc. acquired a new position in shares of CoStar Group during the 2nd quarter worth approximately $49,000. Quarry LP acquired a new position in shares of CoStar Group during the 2nd quarter worth approximately $54,000. Rothschild Investment LLC acquired a new position in shares of CoStar Group during the 2nd quarter worth approximately $73,000. Finally, Blue Trust Inc. raised its position in shares of CoStar Group by 493.4% during the 2nd quarter. Blue Trust Inc. now owns 1,080 shares of the technology company's stock worth $80,000 after purchasing an additional 898 shares during the last quarter. Hedge funds and other institutional investors own 96.60% of the company's stock.

CoStar Group Trading Up 3.6 %

CoStar Group stock traded up $2.81 during mid-day trading on Friday, hitting $79.81. The company's stock had a trading volume of 3,842,535 shares, compared to its average volume of 2,964,933. The firm has a market capitalization of $32.72 billion, a PE ratio of 181.39 and a beta of 0.82. CoStar Group has a 1 year low of $68.26 and a 1 year high of $100.38. The company has a current ratio of 9.63, a quick ratio of 9.63 and a debt-to-equity ratio of 0.13. The stock's fifty day moving average is $75.49 and its two-hundred day moving average is $76.88.

CoStar Group (NASDAQ:CSGP - Get Free Report) last released its quarterly earnings results on Tuesday, October 22nd. The technology company reported $0.22 EPS for the quarter, topping the consensus estimate of $0.16 by $0.06. CoStar Group had a return on equity of 3.53% and a net margin of 6.57%. The business had revenue of $692.60 million during the quarter, compared to analyst estimates of $695.91 million. During the same period last year, the business posted $0.25 earnings per share. The company's quarterly revenue was up 10.9% on a year-over-year basis. On average, analysts anticipate that CoStar Group will post 0.52 EPS for the current year.

CoStar Group Company Profile

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.