CoStar Group (NASDAQ:CSGP) Stock Rating Reaffirmed by William Blair

CoStar Group (NASDAQ:CSGP)‘s stock had its “outperform” rating restated by William Blair in a research note issued to investors on Wednesday, RTT News reports.

Other equities analysts have also issued research reports about the stock. BMO Capital Markets increased their target price on shares of CoStar Group from $79.00 to $84.00 and gave the stock a “market perform” rating in a research report on Friday, April 19th. Keefe, Bruyette & Woods raised their price objective on shares of CoStar Group from $96.00 to $109.00 and gave the company an “outperform” rating in a research report on Wednesday, April 10th. Jefferies Financial Group raised their price objective on shares of CoStar Group from $85.00 to $95.00 and gave the company a “hold” rating in a research report on Friday, April 12th. The Goldman Sachs Group raised their price objective on shares of CoStar Group from $96.00 to $107.00 and gave the company a “buy” rating in a research report on Wednesday, March 20th. Finally, Needham & Company LLC raised their price objective on shares of CoStar Group from $90.00 to $107.00 and gave the company a “buy” rating in a research report on Wednesday. Four equities research analysts have rated the stock with a hold rating and twelve have given a buy rating to the company. Based on data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and an average price target of $102.46.

CoStar Group Price Performance

CSGP opened at $90.34 on Wednesday. The company has a debt-to-equity ratio of 0.13, a quick ratio of 12.01 and a current ratio of 9.09. The firm has a market cap of $36.90 billion, a P/E ratio of 123.75, a PEG ratio of 10.57 and a beta of 0.84. CoStar Group has a fifty-two week low of $67.35 and a fifty-two week high of $100.38. The firm has a 50-day moving average of $89.55 and a 200 day moving average of $84.68.

CoStar Group (NASDAQ:CSGP) last issued its earnings results on Tuesday, February 20th. The technology company reported $0.33 earnings per share for the quarter, topping analysts’ consensus estimates of $0.32 by $0.01. The firm had revenue of $640.00 million during the quarter, compared to analyst estimates of $634.27 million. CoStar Group had a net margin of 11.64% and a return on equity of 4.95%. The company’s quarterly revenue was up 11.7% on a year-over-year basis. During the same quarter last year, the business earned $0.35 earnings per share. On average, research analysts expect that CoStar Group will post 0.44 EPS for the current year.

Institutional Investors Weigh In On CoStar Group

Institutional investors and hedge funds have recently bought and sold shares of the stock. Blue Trust Inc. raised its stake in CoStar Group by 125.4% in the fourth quarter. Blue Trust Inc. now owns 311 shares of the technology company’s stock valued at $27,000 after purchasing an additional 173 shares in the last quarter. Riverview Trust Co purchased a new position in shares of CoStar Group during the first quarter worth approximately $35,000. Pinnacle Bancorp Inc. purchased a new position in shares of CoStar Group during the fourth quarter worth approximately $37,000. Connectus Wealth LLC raised its stake in shares of CoStar Group by 915.0% during the fourth quarter. Connectus Wealth LLC now owns 518,633 shares of the technology company’s stock worth $45,000 after acquiring an additional 467,534 shares in the last quarter. Finally, CVA Family Office LLC purchased a new position in shares of CoStar Group during the fourth quarter worth approximately $60,000. 96.60% of the stock is owned by hedge funds and other institutional investors.

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.