CoStar Group (CSGP) Raised to Hold at BidaskClub
BidaskClub upgraded shares of CoStar Group (NASDAQ:CSGP) from a sell rating to a hold rating in a research report report published on Wednesday.
Several other analysts also recently commented on CSGP. Needham & Company LLC raised their target price on CoStar Group to $350.00 and gave the company a buy rating in a research note on Tuesday. B. Riley restated a buy rating and issued a $335.00 target price on shares of CoStar Group in a research note on Monday, October 2nd. Zacks Investment Research downgraded CoStar Group from a buy rating to a hold rating in a research note on Tuesday, September 26th. Bank of America restated a buy rating and issued a $306.00 target price on shares of CoStar Group in a research note on Thursday, October 5th. Finally, J P Morgan Chase & Co downgraded CoStar Group from an overweight rating to an underweight rating and set a $325.00 target price for the company. in a research note on Tuesday, December 12th. One analyst has rated the stock with a sell rating, two have issued a hold rating and seven have assigned a buy rating to the company. The company presently has an average rating of Buy and a consensus target price of $334.67.
Shares of CoStar Group (NASDAQ:CSGP) traded up $1.21 on Wednesday, hitting $299.79. The stock had a trading volume of 152,801 shares, compared to its average volume of 272,231. 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 firm has a market cap of $10,792.32, a P/E ratio of 90.57, a PEG ratio of 4.47 and a beta of 1.55. CoStar Group has a 12 month low of $184.86 and a 12 month high of $314.73.
CoStar Group (NASDAQ:CSGP) last issued its earnings results on Wednesday, October 25th. The technology company reported $1.41 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $1.13 by $0.28. The company had revenue of $248.00 million during the quarter, compared to the consensus estimate of $243.44 million. CoStar Group had a return on equity of 7.63% and a net margin of 11.63%. The firm’s revenue for the quarter was up 16.4% compared to the same quarter last year. During the same period last year, the business posted $1.11 EPS. equities research analysts predict that CoStar Group will post 3.99 earnings per share for the current fiscal year.
A number of hedge funds have recently added to or reduced their stakes in CSGP. Toronto Dominion Bank boosted its stake in CoStar Group by 12.3% during the 2nd quarter. Toronto Dominion Bank now owns 401 shares of the technology company’s stock valued at $106,000 after purchasing an additional 44 shares during the last quarter. Robeco Institutional Asset Management B.V. acquired a new position in CoStar Group during the 2nd quarter valued at about $134,000. First Manhattan Co. acquired a new position in CoStar Group during the 3rd quarter valued at about $187,000. Cubist Systematic Strategies LLC acquired a new position in CoStar Group during the 2nd quarter valued at about $188,000. Finally, Penserra Capital Management LLC boosted its stake in CoStar Group by 13.0% during the 2nd quarter. Penserra Capital Management LLC now owns 832 shares of the technology company’s stock valued at $219,000 after purchasing an additional 96 shares during the last quarter. Institutional investors and hedge funds own 98.87% of the company’s stock.
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CoStar Group Company Profile
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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