CoStar Group Inc (CSGP) Receives Average Rating of “Buy” from Brokerages

CoStar Group Inc (NASDAQ:CSGP) has been assigned an average rating of “Buy” from the twelve research firms that are presently covering the stock, MarketBeat Ratings reports. One investment analyst has rated the stock with a sell rating, nine have given a buy rating and one has given a strong buy rating to the company. The average 1 year target price among brokers that have issued a report on the stock in the last year is $365.00.

CSGP has been the subject of several recent analyst reports. Wells Fargo & Co set a $400.00 target price on shares of CoStar Group and gave the stock a “buy” rating in a research note on Thursday, January 18th. B. Riley reaffirmed a “buy” rating and issued a $350.00 target price (up from $335.00) on shares of CoStar Group in a research note on Thursday, October 26th. Goldman Sachs Group assumed coverage on shares of CoStar Group in a research note on Wednesday, November 8th. They issued a “buy” rating and a $359.00 target price on the stock. Citigroup reaffirmed a “buy” rating and issued a $425.00 target price (up from $320.00) on shares of CoStar Group in a research note on Tuesday, January 23rd. Finally, SunTrust Banks reaffirmed a “buy” rating and issued a $335.00 target price on shares of CoStar Group in a research note on Friday, October 27th.

A number of hedge funds and other institutional investors have recently modified their holdings of the business. JPMorgan Chase & Co. increased its holdings in CoStar Group by 1,019.7% in the 3rd quarter. JPMorgan Chase & Co. now owns 699,773 shares of the technology company’s stock worth $186,210,000 after buying an additional 637,278 shares in the last quarter. BlackRock Inc. raised its stake in shares of CoStar Group by 12.5% in the fourth quarter. BlackRock Inc. now owns 1,794,476 shares of the technology company’s stock worth $532,869,000 after purchasing an additional 199,267 shares during the last quarter. Citadel Advisors LLC raised its stake in shares of CoStar Group by 947.8% in the third quarter. Citadel Advisors LLC now owns 146,123 shares of the technology company’s stock worth $39,198,000 after purchasing an additional 132,177 shares during the last quarter. Renaissance Technologies LLC raised its stake in shares of CoStar Group by 119.4% in the fourth quarter. Renaissance Technologies LLC now owns 205,998 shares of the technology company’s stock worth $61,171,000 after purchasing an additional 112,100 shares during the last quarter. Finally, Goldman Sachs Group Inc. raised its stake in shares of CoStar Group by 43.1% in the fourth quarter. Goldman Sachs Group Inc. now owns 308,180 shares of the technology company’s stock worth $91,514,000 after purchasing an additional 92,864 shares during the last quarter. Institutional investors and hedge funds own 98.55% of the company’s stock.

CoStar Group (CSGP) traded up $2.15 during midday trading on Tuesday, hitting $350.14. 154,137 shares of the stock traded hands, compared to its average volume of 223,535. CoStar Group has a 12-month low of $197.18 and a 12-month high of $355.80. The company has a debt-to-equity ratio of 0.15, a quick ratio of 3.96 and a current ratio of 3.96. The company has a market cap of $12,660.00, a price-to-earnings ratio of 105.78, a price-to-earnings-growth ratio of 3.81 and a beta of 1.66.

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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.

Analyst Recommendations for CoStar Group (NASDAQ:CSGP)

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