Needham & Company LLC restated their buy rating on shares of CoStar Group (NASDAQ:CSGP) in a research note released on Thursday, AnalystRatings.com reports. They currently have a $825.00 target price on the technology company’s stock.
Other equities research analysts have also recently issued reports about the stock. Zacks Investment Research upgraded shares of CoStar Group from a sell rating to a hold rating in a research report on Friday, January 3rd. Citigroup boosted their price target on shares of CoStar Group from $680.00 to $750.00 and gave the stock a buy rating in a research report on Wednesday, January 15th. Jefferies Financial Group assumed coverage on shares of CoStar Group in a research report on Wednesday, November 27th. They issued a hold rating and a $601.00 price target on the stock. Stephens boosted their price target on shares of CoStar Group from $616.00 to $713.00 and gave the stock an overweight rating in a research report on Thursday, January 2nd. Finally, Wells Fargo & Co reiterated a buy rating on shares of CoStar Group in a research report on Monday, December 9th. One analyst has rated the stock with a sell rating, three have given a hold rating, nine have given a buy rating and one has assigned a strong buy rating to the stock. CoStar Group currently has an average rating of Buy and a consensus target price of $679.33.
CoStar Group stock traded up $1.57 during midday trading on Thursday, hitting $731.37. The company’s stock had a trading volume of 213,907 shares, compared to its average volume of 243,879. The stock’s 50-day moving average price is $646.66 and its 200-day moving average price is $606.57. CoStar Group has a 12 month low of $400.00 and a 12 month high of $746.70. The company has a market capitalization of $24.64 billion, a PE ratio of 86.04, a price-to-earnings-growth ratio of 5.05 and a beta of 1.36.
In other CoStar Group news, Director Laura Cox Kaplan sold 576 shares of the business’s stock in a transaction dated 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 SEC, which is available at this hyperlink. 2.14% of the stock is currently owned by insiders.
A number of hedge funds and other institutional investors have recently bought and sold shares of CSGP. BlackRock Inc. raised its holdings in CoStar Group by 14.4% during the 2nd quarter. BlackRock Inc. now owns 3,531,271 shares of the technology company’s stock worth $1,956,536,000 after buying an additional 445,078 shares during the period. Sumitomo Mitsui DS Asset Management Company Ltd raised its holdings in CoStar Group by 7.7% during the 3rd quarter. Sumitomo Mitsui DS Asset Management Company Ltd now owns 1,984 shares of the technology company’s stock worth $1,176,000 after buying an additional 142 shares during the period. Campbell & CO Investment Adviser LLC acquired a new stake in CoStar Group during the 3rd quarter worth about $388,000. Summit Creek Advisors LLC acquired a new stake in CoStar Group during the 3rd quarter worth about $700,000. Finally, Meeder Asset Management Inc. raised its holdings in CoStar Group by 67.8% during the 3rd quarter. Meeder Asset Management Inc. now owns 433 shares of the technology company’s stock worth $256,000 after buying an additional 175 shares during the period. Hedge funds and other institutional investors own 93.88% of the company’s stock.
About CoStar Group
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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