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

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

CSGP has been the subject of a number of research analyst reports. Bank of America cut their target price on shares of CoStar Group from $111.00 to $89.00 and set a "buy" rating for the company in a research report on Monday, July 22nd. Robert W. Baird cut their price objective on CoStar Group from $105.00 to $100.00 and set an "outperform" rating for the company in a report on Wednesday, July 24th. Needham & Company LLC lowered their target price on CoStar Group from $107.00 to $100.00 and set a "buy" rating on the stock in a research note on Wednesday, October 23rd. Citigroup cut their price target on CoStar Group from $97.00 to $90.00 and set a "buy" rating for the company in a research note on Thursday, October 24th. Finally, 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 note on Thursday, October 24th.

CoStar Group Stock Up 1.2 %

Shares of CSGP traded up $0.86 during mid-day trading on Wednesday, reaching $74.10. The company's stock had a trading volume of 712,806 shares, compared to its average volume of 2,363,223. The company has a market cap of $30.38 billion, a price-to-earnings ratio of 166.46 and a beta of 0.81. The business has a fifty day moving average of $76.41 and a 200 day moving average of $78.57. The company has a quick ratio of 9.63, a current ratio of 9.63 and a debt-to-equity ratio of 0.13. CoStar Group has a 1 year low of $68.26 and a 1 year high of $100.38.

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

Insider Buying and Selling at CoStar Group

In other news, Director Michael R. Klein sold 71,633 shares of the company's stock in a transaction dated Friday, October 25th. The shares were sold at an average price of $74.69, for a total transaction of $5,350,268.77. Following the completion of the transaction, the director now owns 1,913,501 shares of the company's stock, valued at approximately $142,919,389.69. This represents a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. In other news, CEO Andrew C. Florance acquired 14,731 shares of the firm's stock in a transaction on Friday, October 25th. The shares were purchased at an average cost of $74.67 per share, for a total transaction of $1,099,963.77. Following the transaction, the chief executive officer now owns 1,263,098 shares of the company's stock, valued at approximately $94,315,527.66. This represents a 0.00 % increase in their ownership of the stock. The purchase was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Also, Director Michael R. Klein sold 71,633 shares of the firm's stock in a transaction dated Friday, October 25th. The shares were sold at an average price of $74.69, for a total transaction of $5,350,268.77. Following the completion of the transaction, the director now directly owns 1,913,501 shares in the company, valued at $142,919,389.69. This trade represents a 0.00 % decrease in their position. The disclosure for this sale can be found here. Corporate insiders own 1.57% of the company's stock.

Institutional Trading of CoStar Group

Several institutional investors and hedge funds have recently made changes to their positions in the business. Vulcan Value Partners LLC increased its holdings in CoStar Group by 90.1% during the 2nd quarter. Vulcan Value Partners LLC now owns 4,138,987 shares of the technology company's stock worth $306,831,000 after purchasing an additional 1,961,917 shares in the last quarter. Janus Henderson Group PLC grew its stake in CoStar Group by 17.7% in the 1st quarter. Janus Henderson Group PLC now owns 11,808,027 shares of the technology company's stock valued at $1,140,650,000 after buying an additional 1,773,564 shares during the last quarter. Select Equity Group L.P. acquired a new stake in CoStar Group in the 2nd quarter worth about $60,761,000. Renaissance Technologies LLC bought a new stake in CoStar Group in the 2nd quarter valued at about $46,692,000. Finally, Vanguard Group Inc. increased its holdings in shares of CoStar Group by 0.8% during the first quarter. Vanguard Group Inc. now owns 65,451,499 shares of the technology company's stock worth $6,322,615,000 after purchasing an additional 541,700 shares during the period. 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.