CoStar Group (NASDAQ:CSGP) Upgraded to “Buy” by BidaskClub

BidaskClub upgraded shares of CoStar Group (NASDAQ:CSGP) from a hold rating to a buy rating in a research note issued to investors on Thursday, January 11th.

Several other analysts have also commented on the stock. SunTrust Banks reiterated a buy rating and issued a $310.00 price target on shares of CoStar Group in a research report on Wednesday, September 13th. Needham & Company LLC increased their price target on shares of CoStar Group to $350.00 and gave the company a buy rating in a research report on Tuesday, December 19th. B. Riley reiterated a buy rating and issued a $350.00 price target (up from $335.00) on shares of CoStar Group in a research report on Thursday, October 26th. Bank of America restated a buy rating and set a $306.00 target price on shares of CoStar Group in a research report on Thursday, October 5th. Finally, Goldman Sachs Group assumed coverage on shares of CoStar Group in a research report on Wednesday, November 8th. They set a buy rating and a $359.00 target price on the stock. One research analyst has rated the stock with a sell rating, one has assigned a hold rating and nine have assigned a buy rating to the company’s stock. The company currently has a consensus rating of Buy and a consensus price target of $341.20.

CoStar Group (CSGP) traded up $4.80 during midday trading on Thursday, reaching $341.20. 279,600 shares of the company’s stock traded hands, compared to its average volume of 227,446. The company has a quick ratio of 3.96, a current ratio of 3.96 and a debt-to-equity ratio of 0.15. CoStar Group has a one year low of $197.18 and a one year high of $344.66. The firm has a market capitalization of $12,332.84, a P/E ratio of 103.08, a PEG ratio of 3.77 and a beta of 1.56.

CoStar Group (NASDAQ:CSGP) last posted its quarterly earnings results on Wednesday, October 25th. The technology company reported $1.41 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.13 by $0.28. The firm had revenue of $248.00 million during the quarter, compared to analysts’ expectations of $243.44 million. CoStar Group had a net margin of 11.63% and a return on equity of 7.63%. The firm’s revenue for the quarter was up 16.4% on a year-over-year basis. During the same period in the prior year, the company posted $1.11 earnings per share. sell-side analysts anticipate that CoStar Group will post 3.95 earnings per share for the current year.

A number of institutional investors have recently added to or reduced their stakes in the stock. Toronto Dominion Bank grew its holdings in CoStar Group by 12.3% during the 2nd quarter. Toronto Dominion Bank now owns 401 shares of the technology company’s stock worth $106,000 after acquiring an additional 44 shares in the last quarter. Advisor Group Inc. grew its holdings in CoStar Group by 3.8% during the 2nd quarter. Advisor Group Inc. now owns 1,490 shares of the technology company’s stock worth $393,000 after acquiring an additional 54 shares in the last quarter. The Manufacturers Life Insurance Company grew its holdings in CoStar Group by 5.9% during the 2nd quarter. The Manufacturers Life Insurance Company now owns 1,188 shares of the technology company’s stock worth $313,000 after acquiring an additional 66 shares in the last quarter. Disciplined Growth Investors Inc. MN grew its holdings in CoStar Group by 0.3% during the 2nd quarter. Disciplined Growth Investors Inc. MN now owns 42,295 shares of the technology company’s stock worth $11,149,000 after acquiring an additional 126 shares in the last quarter. Finally, Victory Capital Management Inc. grew its holdings in CoStar Group by 2.7% during the 3rd quarter. Victory Capital Management Inc. now owns 6,983 shares of the technology company’s stock worth $1,873,000 after acquiring an additional 181 shares in the last quarter. 98.88% of the stock is currently owned by hedge funds and other institutional investors.

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CoStar Group Company Profile

CoStar Group, Inc (CoStar) is a provider of information, analytics and online marketplaces to the commercial real estate and related business community through its database of commercial real estate information covering the United States, the United Kingdom, and parts of Canada, Spain, Germany and France.

Analyst Recommendations for CoStar Group (NASDAQ:CSGP)

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