CoStar Group (NASDAQ:CSGP) received a $400.00 target price from Wells Fargo & Co in a note issued to investors on Thursday. The brokerage presently has a “buy” rating on the technology company’s stock. Wells Fargo & Co’s price target points to a potential upside of 17.23% from the stock’s current price.

Several other research firms have also issued reports on CSGP. BidaskClub raised CoStar Group from a “hold” rating to a “buy” rating in a research note on Thursday, January 11th. Stephens lifted their price objective on CoStar Group from $300.00 to $350.00 and gave the company an “overweight” rating in a research note on Monday, October 30th. Goldman Sachs Group began coverage on CoStar Group in a research note on Wednesday, November 8th. They set a “buy” rating and a $359.00 price objective for the company. Needham & Company LLC lifted their price objective on CoStar Group to $350.00 and gave the company a “buy” rating in a research note on Tuesday, December 19th. Finally, Zacks Investment Research raised CoStar Group from a “strong sell” rating to a “hold” rating in a research note on Tuesday, October 31st. One equities research analyst has rated the stock with a sell rating, one has given a hold rating and nine have assigned a buy rating to the company’s stock. The company presently has a consensus rating of “Buy” and an average price target of $341.20.

CoStar Group (NASDAQ:CSGP) traded up $4.80 during trading on Thursday, hitting $341.20. The stock had a trading volume of 276,752 shares, compared to its average volume of 253,530. CoStar Group has a 52-week low of $197.18 and a 52-week high of $344.66. The company has a quick ratio of 3.96, a current ratio of 3.96 and a debt-to-equity ratio of 0.15. The company has a market capitalization of $12,510.00, a price-to-earnings ratio of 103.08, a P/E/G ratio of 3.71 and a beta of 1.55.

CoStar Group (NASDAQ:CSGP) last posted its quarterly earnings data on Wednesday, October 25th. The technology company reported $1.41 earnings per share (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 analyst estimates of $243.44 million. CoStar Group had a return on equity of 7.63% and a net margin of 11.63%. The firm’s quarterly revenue was up 16.4% on a year-over-year basis. During the same quarter last year, the company earned $1.11 earnings per share. research analysts forecast that CoStar Group will post 3.99 earnings per share for the current year.

A number of hedge funds have recently modified their holdings of the business. Janus Henderson Group PLC lifted its stake in CoStar Group by 3.1% during the third quarter. Janus Henderson Group PLC now owns 2,698,163 shares of the technology company’s stock worth $723,782,000 after purchasing an additional 81,157 shares during the last quarter. Vanguard Group Inc. lifted its stake in CoStar Group by 3.1% during the second quarter. Vanguard Group Inc. now owns 2,633,434 shares of the technology company’s stock worth $694,173,000 after purchasing an additional 79,521 shares during the last quarter. BlackRock Inc. lifted its stake in CoStar Group by 0.5% during the second quarter. BlackRock Inc. now owns 1,554,466 shares of the technology company’s stock worth $409,755,000 after purchasing an additional 7,555 shares during the last quarter. JPMorgan Chase & Co. lifted its stake in CoStar Group by 1,019.7% during the third quarter. JPMorgan Chase & Co. now owns 699,773 shares of the technology company’s stock worth $186,210,000 after purchasing an additional 637,278 shares during the last quarter. Finally, TimesSquare Capital Management LLC lifted its stake in CoStar Group by 6.3% during the third quarter. TimesSquare Capital Management LLC now owns 688,359 shares of the technology company’s stock worth $184,652,000 after purchasing an additional 40,492 shares during the last quarter. 98.87% of the stock is owned by hedge funds and other institutional investors.

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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.

Analyst Recommendations for CoStar Group (NASDAQ:CSGP)

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