Shares of CoStar Group Inc (NASDAQ:CSGP) have received a consensus recommendation of “Hold” from the eleven brokerages that are currently covering the firm, MarketBeat.com reports. Two investment analysts have rated the stock with a sell rating, two have given a hold rating and seven have issued a buy rating on the company. The average 12 month price objective among brokers that have issued a report on the stock in the last year is $457.75.
CSGP has been the topic of several research reports. BidaskClub lowered shares of CoStar Group from a “hold” rating to a “sell” rating in a research note on Tuesday, October 9th. Zacks Investment Research lowered shares of CoStar Group from a “buy” rating to a “hold” rating in a research note on Tuesday, December 25th. Finally, ValuEngine lowered shares of CoStar Group from a “buy” rating to a “hold” rating in a research note on Wednesday, October 31st.
In other CoStar Group news, Director John W. Hill sold 1,042 shares of the company’s stock in a transaction dated Wednesday, December 26th. The shares were sold at an average price of $330.88, for a total value of $344,776.96. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, Director Christopher J. Nassetta sold 571 shares of the company’s stock in a transaction dated Monday, October 29th. The stock was sold at an average price of $349.67, for a total transaction of $199,661.57. The disclosure for this sale can be found here. 2.47% of the stock is owned by corporate insiders.
A number of hedge funds and other institutional investors have recently bought and sold shares of CSGP. Cornerstone Advisors Inc. grew its position in CoStar Group by 20.5% in the 3rd quarter. Cornerstone Advisors Inc. now owns 206 shares of the technology company’s stock worth $87,000 after purchasing an additional 35 shares during the last quarter. Harvest Fund Management Co. Ltd bought a new position in CoStar Group in the 3rd quarter worth about $100,000. Fort L.P. bought a new position in CoStar Group in the 2nd quarter worth about $122,000. TLP Group LLC bought a new position in CoStar Group in the 3rd quarter worth about $140,000. Finally, Paradigm Asset Management Co. LLC bought a new position in CoStar Group in the 3rd quarter worth about $147,000. Hedge funds and other institutional investors own 95.52% of the company’s stock.
Shares of CoStar Group stock traded down $0.35 during trading on Friday, reaching $359.27. The company had a trading volume of 136,489 shares, compared to its average volume of 183,050. The firm has a market cap of $12.87 billion, a PE ratio of 92.83, a price-to-earnings-growth ratio of 2.41 and a beta of 1.45. CoStar Group has a fifty-two week low of $315.85 and a fifty-two week high of $448.35.
CoStar Group (NASDAQ:CSGP) last issued its earnings results on Tuesday, October 23rd. The technology company reported $2.16 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $2.08 by $0.08. The business had revenue of $305.53 million for the quarter, compared to analyst estimates of $305.99 million. CoStar Group had a net margin of 17.61% and a return on equity of 7.63%. The company’s revenue for the quarter was up 23.4% on a year-over-year basis. During the same quarter in the prior year, the business posted $1.41 EPS. Equities analysts expect that CoStar Group will post 7.13 EPS for the current year.
About CoStar Group
CoStar Group, Inc provides information, analytics, and online marketplace to the commercial real estate industry in North America and internationally. The company offers CoStar Property Professional service that provides inventory of office, industrial, retail, and multifamily properties and land. It also provides CoStar COMPS Professional, which covers comparable commercial real estate sales information; CoStar Tenant, an online business-to-business prospecting and analytical tool; CoStarGo, an iPad and Android application; CoStar Lease Comps, an integrated solution that captures, manages, maintains, and analyzes lease data; CoStar Advertising to market a space for lease or a property for sale; and CoStar Portfolio Strategy to meet the research needs of commercial real estate owners, investors, lenders, and government regulators.
See Also: Initial Public Offering (IPO)
Receive News & Ratings for CoStar Group Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for CoStar Group and related companies with MarketBeat.com's FREE daily email newsletter.