CoStar Group (NASDAQ:CSGP) Given "Overweight" Rating at Stephens

Stephens reiterated their overweight rating on shares of CoStar Group (NASDAQ:CSGP - Free Report) in a report published on Wednesday,Benzinga reports. Stephens currently has a $103.00 price target on the technology company's stock.

Several other equities research analysts also recently issued reports on CSGP. William Blair reaffirmed an "outperform" rating on shares of CoStar Group in a research report on Monday, January 6th. Needham & Company LLC reaffirmed a "buy" rating and issued a $100.00 price target on shares of CoStar Group in a research report on Monday, December 9th. JMP Securities reissued a "market outperform" rating and set a $90.00 target price on shares of CoStar Group in a research report on Monday, December 16th. Keefe, Bruyette & Woods decreased their target price on CoStar Group from $96.00 to $93.00 and set an "outperform" rating on the stock in a research report on Tuesday. Finally, StockNews.com downgraded CoStar Group from a "hold" rating to a "sell" rating in a research report on Wednesday, January 15th. One investment analyst has rated the stock with a sell rating, three have assigned a hold rating and ten have given a buy rating to the stock. According to MarketBeat.com, the company has a consensus rating of "Moderate Buy" and an average price target of $92.33.

CoStar Group Stock Performance

Shares of NASDAQ:CSGP traded up $0.87 during midday trading on Wednesday, hitting $76.52. The company's stock had a trading volume of 1,543,194 shares, compared to its average volume of 2,368,134. The stock has a market capitalization of $31.37 billion, a price-to-earnings ratio of 173.91 and a beta of 0.85. The stock's 50 day simple moving average is $74.75 and its 200 day simple moving average is $75.41. CoStar Group has a fifty-two week low of $68.26 and a fifty-two week high of $100.38. The company has a debt-to-equity ratio of 0.13, a quick ratio of 9.63 and a current ratio of 9.63.

Insiders Place Their Bets

In other news, insider Michael J. Desmarais sold 5,500 shares of CoStar Group stock in a transaction that occurred on Tuesday, November 26th. The shares were sold at an average price of $79.88, for a total value of $439,340.00. Following the completion of the transaction, the insider now owns 58,798 shares in the company, valued at approximately $4,696,784.24. The trade was a 8.55 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. Corporate insiders own 1.57% of the company's stock.

Institutional Inflows and Outflows

Institutional investors have recently modified their holdings of the company. ORG Partners LLC raised its position in CoStar Group by 534.8% in the 4th quarter. ORG Partners LLC now owns 419 shares of the technology company's stock worth $30,000 after purchasing an additional 353 shares during the last quarter. Harel Insurance Investments & Financial Services Ltd. bought a new position in CoStar Group in the 4th quarter worth approximately $32,000. E Fund Management Hong Kong Co. Ltd. raised its position in CoStar Group by 17,100.0% in the 4th quarter. E Fund Management Hong Kong Co. Ltd. now owns 516 shares of the technology company's stock worth $37,000 after purchasing an additional 513 shares during the last quarter. Ashton Thomas Securities LLC bought a new position in CoStar Group in the 3rd quarter worth approximately $40,000. Finally, Quarry LP acquired a new stake in CoStar Group during the 2nd quarter worth $54,000. Institutional investors own 96.60% of the company's stock.

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.