CoStar Group (NASDAQ:CSGP) Earns Overweight Rating from Stephens

Stephens reiterated their overweight rating on shares of CoStar Group (NASDAQ:CSGP) in a research report report published on Wednesday morning, Benzinga reports. They currently have a $105.00 price objective on the technology company’s stock.

A number of other equities analysts have also commented on the stock. Keefe, Bruyette & Woods boosted their price objective on shares of CoStar Group from $96.00 to $109.00 and gave the stock an outperform rating in a report on Wednesday, April 10th. Robert W. Baird upped their target price on shares of CoStar Group from $90.00 to $105.00 and gave the company an outperform rating in a research note on Monday, March 18th. BTIG Research assumed coverage on shares of CoStar Group in a research note on Friday, January 19th. They issued a neutral rating on the stock. Bank of America upped their target price on shares of CoStar Group from $97.00 to $111.00 and gave the company a buy rating in a research note on Monday, March 18th. Finally, Citigroup upped their target price on shares of CoStar Group from $90.00 to $97.00 and gave the company a buy rating in a research note on Wednesday, February 7th. Four equities research analysts have rated the stock with a hold rating and twelve have given a buy rating to the company’s stock. According to data from MarketBeat.com, CoStar Group has an average rating of Moderate Buy and an average price target of $102.15.

CoStar Group Stock Performance

NASDAQ:CSGP opened at $91.95 on Wednesday. CoStar Group has a twelve month low of $67.35 and a twelve month high of $100.38. The company has a current ratio of 12.01, a quick ratio of 12.01 and a debt-to-equity ratio of 0.13. The firm has a market capitalization of $37.55 billion, a price-to-earnings ratio of 125.96, a PEG ratio of 9.73 and a beta of 0.84. The firm’s fifty day simple moving average is $89.40 and its 200 day simple moving average is $84.64.

CoStar Group (NASDAQ:CSGP) last issued its quarterly earnings data on Tuesday, February 20th. The technology company reported $0.33 EPS for the quarter, topping analysts’ consensus estimates of $0.32 by $0.01. CoStar Group had a net margin of 11.64% and a return on equity of 4.97%. The firm had revenue of $640.00 million for the quarter, compared to analyst estimates of $634.27 million. During the same quarter in the previous year, the business posted $0.35 EPS. The firm’s revenue was up 11.7% compared to the same quarter last year. As a group, equities research analysts expect that CoStar Group will post 0.44 earnings per share for the current fiscal year.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently bought and sold shares of the company. Blue Trust Inc. grew its position in CoStar Group by 125.4% in the 4th quarter. Blue Trust Inc. now owns 311 shares of the technology company’s stock worth $27,000 after purchasing an additional 173 shares during the last quarter. Riverview Trust Co bought a new position in shares of CoStar Group in the first quarter valued at approximately $35,000. Pinnacle Bancorp Inc. bought a new position in shares of CoStar Group in the fourth quarter valued at approximately $37,000. Connectus Wealth LLC boosted its holdings in shares of CoStar Group by 915.0% in the fourth quarter. Connectus Wealth LLC now owns 518,633 shares of the technology company’s stock valued at $45,000 after acquiring an additional 467,534 shares in the last quarter. Finally, CVA Family Office LLC bought a new position in shares of CoStar Group in the fourth quarter valued at approximately $60,000. 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.