CoStar Group (NASDAQ:CSGP) Raised to Strong-Buy at Stephens

Stephens upgraded shares of CoStar Group (NASDAQ:CSGP) to a strong-buy rating in a research report report published on Monday morning, Marketbeat reports. Stephens currently has $105.00 price target on the technology company’s stock.

CSGP has been the subject of several other reports. JMP Securities reiterated a “market outperform” rating and issued a $85.00 target price on shares of CoStar Group in a report on Wednesday, April 30th. Keefe, Bruyette & Woods raised their target price on shares of CoStar Group from $93.00 to $95.00 and gave the stock an “outperform” rating in a report on Wednesday, April 30th. Wells Fargo & Company raised their target price on shares of CoStar Group from $63.00 to $65.00 and gave the stock an “underweight” rating in a report on Wednesday, April 30th. JPMorgan Chase & Co. decreased their target price on shares of CoStar Group from $99.00 to $87.00 and set an “overweight” rating for the company in a report on Wednesday, February 19th. Finally, Deutsche Bank Aktiengesellschaft started coverage on shares of CoStar Group in a report on Friday, February 28th. They issued a “buy” rating and a $89.00 target price for the company. Two investment analysts have rated the stock with a sell rating, four have assigned a hold rating, ten have issued a buy rating and one has given a strong buy rating to the stock. According to MarketBeat, CoStar Group currently has an average rating of “Moderate Buy” and a consensus target price of $87.69.

CoStar Group Stock Performance

Shares of CSGP opened at $79.57 on Monday. CoStar Group has a one year low of $68.26 and a one year high of $83.68. The company has a 50-day moving average of $77.64 and a two-hundred day moving average of $76.37. The stock has a market cap of $33.57 billion, a price-to-earnings ratio of 274.38, a PEG ratio of 4.02 and a beta of 0.87. The company has a debt-to-equity ratio of 0.12, a current ratio of 6.01 and a quick ratio of 6.01.

Institutional Trading of CoStar Group

A number of hedge funds have recently made changes to their positions in the stock. Strs Ohio purchased a new stake in shares of CoStar Group in the first quarter worth approximately $5,625,000. Wealth Management Associates Inc. increased its holdings in CoStar Group by 9.5% in the first quarter. Wealth Management Associates Inc. now owns 3,547 shares of the technology company’s stock worth $281,000 after buying an additional 308 shares during the last quarter. Twin Lakes Capital Management LLC acquired a new position in CoStar Group in the first quarter worth approximately $54,000. MBL Wealth LLC acquired a new position in CoStar Group in the first quarter worth approximately $216,000. Finally, Geneos Wealth Management Inc. increased its holdings in CoStar Group by 144.4% in the first quarter. Geneos Wealth Management Inc. now owns 865 shares of the technology company’s stock worth $69,000 after buying an additional 511 shares during the last quarter. 96.60% of the stock is owned by hedge funds and other institutional investors.

CoStar Group Company Profile

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.