2 weeks Ago By Defense World Staff
CoStar Group ( NASDAQ:CSGP – Get Free Report ) was upgraded by stock analysts at StockNews.com from a “sell” rating to a “hold” rating in a note issued to investors on Friday. CSGP has been the topic of several other reports.
Needham & Company LLC reaffirmed a “buy” rating and issued a $107.00 price objective on shares of CoStar Group in a report on Tuesday, September 17th. Keefe, Bruyette & Woods lowered their price target on shares of CoStar Group from $109.
00 to $100.00 and set an “outperform” rating on the stock in a report on Wednesday, July 17th. JPMorgan Chase & Co.
lifted their price objective on CoStar Group from $102.00 to $108.00 and gave the company an “overweight” rating in a research note on Monday, August 5th.
Bank of America lowered their target price on CoStar Group from $111.00 to $89.00 and set a “buy” rating on the stock in a research note on Monday, July 22nd.
Finally, Royal Bank of Canada reaffirmed an “outperform” rating and set a $96.00 target price on shares of CoStar Group in a report on Tuesday, September 10th. Four analysts have rated the stock with a hold rating and twelve have assigned a buy rating to the company’s stock.
According to data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and a consensus target price of $96.38.
Get Our Latest Research Report on CoStar Group CoStar Group Stock Performance CoStar Group ( NASDAQ:CSGP – Get Free Report ) last announced its quarterly earnings data on Tuesday, July 23rd. The technology company reported $0.15 earnings per share for the quarter, beating analysts’ consensus estimates of $0.
09 by $0.06. CoStar Group had a return on equity of 3.
99% and a net margin of 8.19%. The business had revenue of $677.
80 million for the quarter, compared to analyst estimates of $677.18 million. During the same period in the prior year, the company earned $0.
27 earnings per share. The company’s revenue was up 11.9% on a year-over-year basis.
Research analysts predict that CoStar Group will post 0.49 EPS for the current fiscal year. Institutional Investors Weigh In On CoStar Group Several large investors have recently bought and sold shares of the company.
Concurrent Investment Advisors LLC raised its stake in CoStar Group by 4.7% during the first quarter. Concurrent Investment Advisors LLC now owns 2,505 shares of the technology company’s stock worth $242,000 after purchasing an additional 112 shares during the period.
Lindbrook Capital LLC grew its position in CoStar Group by 9.2% in the first quarter. Lindbrook Capital LLC now owns 1,337 shares of the technology company’s stock worth $129,000 after acquiring an additional 113 shares during the period.
Picton Mahoney Asset Management increased its stake in CoStar Group by 2.9% during the second quarter. Picton Mahoney Asset Management now owns 4,745 shares of the technology company’s stock worth $352,000 after acquiring an additional 135 shares during the last quarter.
Redmond Asset Management LLC raised its position in CoStar Group by 0.9% in the first quarter. Redmond Asset Management LLC now owns 18,670 shares of the technology company’s stock valued at $1,804,000 after purchasing an additional 169 shares during the period.
Finally, S.E.E.
D. Planning Group LLC lifted its stake in shares of CoStar Group by 0.5% in the 2nd quarter.
S.E.E.
D. Planning Group LLC now owns 36,255 shares of the technology company’s stock valued at $2,688,000 after purchasing an additional 172 shares during the last quarter. 96.
60% of the stock is currently owned by hedge funds and other institutional investors. About CoStar Group ( Get Free Report ) CoStar Group, Inc provides information, analytics, and online marketplace services to the commercial real estate, hospitality, residential, and related professionals industries in the United States, Canada, Europe, the Asia Pacific, and Latin America. The company offers CoStar Property that provides inventory of office, industrial, retail, multifamily, hospitality, and student housing properties and land; CoStar Sales, a robust database of comparable commercial real estate sales transactions; CoStar Market Analytics to view and report on aggregated market and submarket trends; and CoStar Tenant, an online business-to-business prospecting and analytical tool that provides tenant information.
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