CoStar Group (NASDAQ:CSGP) was upgraded by stock analysts at BidaskClub from a “buy” rating to a “strong-buy” rating in a report issued on Monday.
A number of other equities analysts have also recently issued reports on CSGP. SunTrust Banks raised their target price on CoStar Group to $410.00 and gave the stock a “buy” rating in a report on Monday. Needham & Company LLC restated a “buy” rating and set a $325.00 target price on shares of CoStar Group in a report on Friday, October 27th. Stephens raised their target price on CoStar Group from $300.00 to $350.00 and gave the stock an “overweight” rating in a report on Monday, October 30th. Zacks Investment Research upgraded CoStar Group from a “strong sell” rating to a “hold” rating in a report on Tuesday, October 31st. Finally, Citigroup restated a “buy” rating and set a $425.00 target price (up previously from $320.00) on shares of CoStar Group in a report on Tuesday, January 23rd. One investment analyst has rated the stock with a sell rating, one has issued a hold rating, eight have issued a buy rating and one has issued a strong buy rating to the company’s stock. The stock currently has an average rating of “Buy” and an average price target of $359.20.
Shares of CoStar Group (CSGP) traded down $5.07 on Monday, reaching $338.33. The company’s stock had a trading volume of 266,530 shares, compared to its average volume of 236,257. The company has a debt-to-equity ratio of 0.15, a quick ratio of 3.96 and a current ratio of 3.96. CoStar Group has a 12-month low of $197.18 and a 12-month high of $355.80. The company has a market capitalization of $12,412.36, a PE ratio of 102.21, a P/E/G ratio of 3.79 and a beta of 1.66.
Several large investors have recently added to or reduced their stakes in the company. Shaker Investments LLC OH lifted its holdings in shares of CoStar Group by 8.3% during the 4th quarter. Shaker Investments LLC OH now owns 13,902 shares of the technology company’s stock valued at $4,128,000 after purchasing an additional 1,070 shares in the last quarter. Emerald Advisers Inc. PA lifted its holdings in shares of CoStar Group by 15.5% during the 4th quarter. Emerald Advisers Inc. PA now owns 5,641 shares of the technology company’s stock valued at $1,675,000 after purchasing an additional 758 shares in the last quarter. First Mercantile Trust Co. bought a new position in shares of CoStar Group during the 4th quarter valued at about $267,000. Calton & Associates Inc. bought a new position in shares of CoStar Group during the 4th quarter valued at about $301,000. Finally, Public Employees Retirement Association of Colorado lifted its holdings in shares of CoStar Group by 9.1% during the 4th quarter. Public Employees Retirement Association of Colorado now owns 49,473 shares of the technology company’s stock valued at $14,691,000 after purchasing an additional 4,131 shares in the last quarter. Institutional investors and hedge funds own 98.85% of the company’s stock.
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About CoStar Group
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.
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