A number of firms have modified their ratings and price targets on shares of CoStar Group (NASDAQ: CSGP) recently:
- 7/28/2017 - CoStar Group had its “buy” rating reaffirmed by analysts at B. Riley. They now have a $335.00 price target on the stock.
- 7/28/2017 - CoStar Group had its price target raised by analysts at Needham & Company LLC from $275.00 to $300.00. They now have a “buy” rating on the stock.
- 7/28/2017 - CoStar Group was given a new $320.00 price target on by analysts at Citigroup Inc.. They now have a “buy” rating on the stock.
- 7/19/2017 - CoStar Group had its “buy” rating reaffirmed by analysts at B. Riley. They now have a $325.00 price target on the stock.
- 7/16/2017 - CoStar Group was downgraded by analysts at BidaskClub from a “strong-buy” rating to a “buy” rating.
- 7/14/2017 - CoStar Group had its “buy” rating reaffirmed by analysts at B. Riley. They now have a $325.00 price target on the stock.
- 7/5/2017 - CoStar Group had its price target raised by analysts at SunTrust Banks, Inc. from $275.00 to $310.00. They now have a “buy” rating on the stock.
- 6/27/2017 - CoStar Group was downgraded by analysts at Zacks Investment Research from a “buy” rating to a “hold” rating. According to Zacks, “CoStar Group, Inc. provides information services to the commercial real estate industry. Their wide array of digital service offerings includes a leasing marketplace, a selling marketplace, sales comparable information, decision support, contact management, tenant information, property marketing, and industry news. They have three assets that provide a unique foundation for this marketplace: comprehensive national databases; large research department; and large number of participating organizations. “
- 6/19/2017 - CoStar Group had its “overweight” rating reaffirmed by analysts at Stephens. They now have a $275.00 price target on the stock, up previously from $260.00.
- 6/16/2017 - CoStar Group was upgraded by analysts at Zacks Investment Research from a “hold” rating to a “buy” rating. They now have a $282.00 price target on the stock. According to Zacks, “CoStar Group, Inc. provides information services to the commercial real estate industry. Their wide array of digital service offerings includes a leasing marketplace, a selling marketplace, sales comparable information, decision support, contact management, tenant information, property marketing, and industry news. They have three assets that provide a unique foundation for this marketplace: comprehensive national databases; large research department; and large number of participating organizations. “
- 6/15/2017 - CoStar Group was downgraded by analysts at Zacks Investment Research from a “buy” rating to a “hold” rating. According to Zacks, “CoStar Group, Inc. provides information services to the commercial real estate industry. Their wide array of digital service offerings includes a leasing marketplace, a selling marketplace, sales comparable information, decision support, contact management, tenant information, property marketing, and industry news. They have three assets that provide a unique foundation for this marketplace: comprehensive national databases; large research department; and large number of participating organizations. “
- 6/7/2017 - CoStar Group was upgraded by analysts at Zacks Investment Research from a “hold” rating to a “buy” rating. They now have a $289.00 price target on the stock. According to Zacks, “CoStar Group, Inc. provides information services to the commercial real estate industry. Their wide array of digital service offerings includes a leasing marketplace, a selling marketplace, sales comparable information, decision support, contact management, tenant information, property marketing, and industry news. They have three assets that provide a unique foundation for this marketplace: comprehensive national databases; large research department; and large number of participating organizations. “
- 6/6/2017 - CoStar Group was downgraded by analysts at Zacks Investment Research from a “buy” rating to a “hold” rating. According to Zacks, “CoStar Group, Inc. provides information services to the commercial real estate industry. Their wide array of digital service offerings includes a leasing marketplace, a selling marketplace, sales comparable information, decision support, contact management, tenant information, property marketing, and industry news. They have three assets that provide a unique foundation for this marketplace: comprehensive national databases; large research department; and large number of participating organizations. “
- 6/1/2017 - CoStar Group was upgraded by analysts at Zacks Investment Research from a “hold” rating to a “buy” rating. They now have a $293.00 price target on the stock. According to Zacks, “CoStar Group, Inc. provides information services to the commercial real estate industry. Their wide array of digital service offerings includes a leasing marketplace, a selling marketplace, sales comparable information, decision support, contact management, tenant information, property marketing, and industry news. They have three assets that provide a unique foundation for this marketplace: comprehensive national databases; large research department; and large number of participating organizations. “
CoStar Group, Inc. (CSGP) traded down 0.09% during midday trading on Friday, reaching $274.21. 201,648 shares of the company’s stock traded hands. The company has a market capitalization of $8.98 billion, a PE ratio of 98.64 and a beta of 1.51. The firm’s 50 day moving average price is $266.50 and its 200-day moving average price is $230.86. CoStar Group, Inc. has a 1-year low of $179.21 and a 1-year high of $284.47.
CoStar Group (NASDAQ:CSGP) last announced its quarterly earnings results on Wednesday, July 26th. The technology company reported $0.86 EPS for the quarter, topping the Thomson Reuters’ consensus estimate of $0.63 by $0.23. The firm had revenue of $237.20 million for the quarter, compared to analyst estimates of $234.38 million. CoStar Group had a net margin of 10.47% and a return on equity of 7.23%. CoStar Group’s revenue for the quarter was up 14.6% compared to the same quarter last year. During the same period last year, the business earned $0.91 EPS. Equities analysts expect that CoStar Group, Inc. will post $4.43 EPS for the current year.
In other CoStar Group news, VP Francis Carchedi sold 5,500 shares of CoStar Group stock in a transaction on Tuesday, May 2nd. The shares were sold at an average price of $245.04, for a total value of $1,347,720.00. The transaction was disclosed in a document filed with the SEC, which is available through this link. Also, Director Michael R. Klein sold 20,000 shares of CoStar Group stock in a transaction on Monday, June 26th. The shares were sold at an average price of $265.01, for a total transaction of $5,300,200.00. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 114,806 shares of company stock worth $28,471,690. 2.98% of the stock is currently owned by company insiders.
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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