Shares of CoStar Group Inc (NASDAQ:CSGP) have earned an average recommendation of “Buy” from the fourteen ratings firms that are currently covering the firm, MarketBeat.com reports. One investment analyst has rated the stock with a sell recommendation, three have given a hold recommendation, nine have given a buy recommendation and one has assigned a strong buy recommendation to the company. The average 12 month target price among brokerages that have covered the stock in the last year is $683.60.
CSGP has been the subject of several research reports. Needham & Company LLC reissued a “buy” rating and issued a $825.00 target price on shares of CoStar Group in a report on Thursday. Jefferies Financial Group initiated coverage on CoStar Group in a report on Wednesday, November 27th. They issued a “hold” rating and a $601.00 target price for the company. BidaskClub raised CoStar Group from a “buy” rating to a “strong-buy” rating in a report on Thursday, January 30th. Stephens boosted their target price on CoStar Group from $616.00 to $713.00 and gave the company an “overweight” rating in a report on Thursday, January 2nd. Finally, B. Riley boosted their target price on CoStar Group from $640.00 to $780.00 and gave the company a “buy” rating in a report on Thursday.
Shares of CoStar Group stock traded up $1.57 on Friday, hitting $731.37. The stock had a trading volume of 213,907 shares, compared to its average volume of 243,879. CoStar Group has a 52-week low of $400.00 and a 52-week high of $746.70. The stock has a market cap of $24.64 billion, a price-to-earnings ratio of 86.04, a P/E/G ratio of 5.05 and a beta of 1.36. The company’s 50 day moving average price is $646.66 and its 200 day moving average price is $606.57.
In other CoStar Group news, Director Laura Cox Kaplan sold 576 shares of the company’s stock in a transaction that occurred on Tuesday, November 19th. The stock was sold at an average price of $591.60, for a total transaction of $340,761.60. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. 2.14% of the stock is owned by corporate insiders.
A number of institutional investors and hedge funds have recently bought and sold shares of CSGP. BlackRock Inc. raised its stake in CoStar Group by 14.4% during the 2nd quarter. BlackRock Inc. now owns 3,531,271 shares of the technology company’s stock valued at $1,956,536,000 after acquiring an additional 445,078 shares during the last quarter. Massachusetts Financial Services Co. MA raised its stake in CoStar Group by 36.1% during the 4th quarter. Massachusetts Financial Services Co. MA now owns 426,669 shares of the technology company’s stock valued at $255,276,000 after acquiring an additional 113,280 shares during the last quarter. Millennium Management LLC raised its stake in CoStar Group by 368.1% during the 3rd quarter. Millennium Management LLC now owns 138,066 shares of the technology company’s stock valued at $81,900,000 after acquiring an additional 108,573 shares during the last quarter. Scout Investments Inc. purchased a new stake in CoStar Group during the 4th quarter valued at approximately $28,998,000. Finally, PointState Capital LP raised its stake in CoStar Group by 5,234.4% during the 3rd quarter. PointState Capital LP now owns 48,010 shares of the technology company’s stock valued at $28,480,000 after acquiring an additional 47,110 shares during the last quarter. 93.88% of the stock is owned by hedge funds and other institutional investors.
CoStar Group Company Profile
CoStar Group, Inc provides information, analytics, and online marketplaces to the commercial real estate industry in the United States and the United Kingdom. The company offers CoStar Property Professional service that offers inventory of office, industrial, retail, and multifamily properties and land.
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