CoStar Group (NASDAQ:CSGP – Get Free Report)‘s stock had its “overweight” rating reaffirmed by analysts at Stephens in a research report issued to clients and investors on Wednesday,Benzinga reports. They currently have a $103.00 target price on the technology company’s stock. Stephens’ price target would suggest a potential upside of 34.61% from the stock’s current price.
A number of other equities analysts also recently weighed in on the company. Keefe, Bruyette & Woods reduced their price target on CoStar Group from $96.00 to $93.00 and set an “outperform” rating for the company in a research report on Tuesday. Royal Bank of Canada reissued a “sector perform” rating and issued a $83.00 price objective on shares of CoStar Group in a report on Friday, January 10th. JMP Securities reissued a “market outperform” rating and issued a $90.00 price objective on shares of CoStar Group in a report on Monday, December 16th. William Blair reissued an “outperform” rating on shares of CoStar Group in a report on Monday, January 6th. Finally, Citigroup cut their price objective on CoStar Group from $90.00 to $88.00 and set a “buy” rating for the company in a report on Tuesday, January 14th. One equities research analyst has rated the stock with a sell rating, three have given a hold rating and ten have assigned a buy rating to the company’s stock. According to MarketBeat.com, the stock has an average rating of “Moderate Buy” and a consensus price target of $92.33.
Get Our Latest Research Report on CoStar Group
CoStar Group Trading Up 0.5 %
Insider Activity
In related news, insider Michael J. Desmarais sold 5,500 shares of CoStar Group stock in a transaction that occurred on Tuesday, November 26th. The stock was sold at an average price of $79.88, for a total value of $439,340.00. Following the transaction, the insider now directly owns 58,798 shares of the company’s stock, valued at $4,696,784.24. The trade was a 8.55 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Insiders own 1.57% of the company’s stock.
Hedge Funds Weigh In On CoStar Group
A number of hedge funds and other institutional investors have recently made changes to their positions in CSGP. ORG Partners LLC lifted its stake in shares of CoStar Group by 534.8% in the fourth quarter. ORG Partners LLC now owns 419 shares of the technology company’s stock worth $30,000 after acquiring an additional 353 shares during the period. Harel Insurance Investments & Financial Services Ltd. bought a new stake in CoStar Group in the fourth quarter worth approximately $32,000. E Fund Management Hong Kong Co. Ltd. increased its holdings in CoStar Group by 17,100.0% in the fourth quarter. E Fund Management Hong Kong Co. Ltd. now owns 516 shares of the technology company’s stock worth $37,000 after purchasing an additional 513 shares in the last quarter. Ashton Thomas Securities LLC bought a new stake in CoStar Group in the third quarter worth approximately $40,000. Finally, Quarry LP bought a new stake in CoStar Group in the second quarter worth approximately $54,000. 96.60% of the stock is owned by institutional investors and hedge funds.
CoStar Group Company Profile
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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