CoStar Group, Inc. (NASDAQ:CSGP) Receives $90.23 Consensus Target Price from Brokerages

Shares of CoStar Group, Inc. (NASDAQ:CSGP) have been given a consensus recommendation of “Moderate Buy” by the fourteen analysts that are covering the stock, Marketbeat Ratings reports. One investment analyst has rated the stock with a sell recommendation, three have assigned a hold recommendation and ten have given a buy recommendation to the company. The average 1-year price objective among analysts that have issued a report on the stock in the last year is $90.23.

A number of analysts have recently issued reports on CSGP shares. William Blair reaffirmed an “outperform” rating on shares of CoStar Group in a research report on Monday, January 6th. JPMorgan Chase & Co. dropped their target price on CoStar Group from $108.00 to $99.00 and set an “overweight” rating on the stock in a research report on Wednesday, October 23rd. Royal Bank of Canada reaffirmed a “sector perform” rating and set a $83.00 target price on shares of CoStar Group in a research report on Friday, January 10th. Stephens reaffirmed an “overweight” rating and set a $103.00 target price on shares of CoStar Group in a research report on Wednesday, January 29th. Finally, BMO Capital Markets lowered their price objective on CoStar Group from $78.00 to $75.00 and set a “market perform” rating for the company in a report on Thursday, October 24th.

CoStar Group Trading Up 0.4 %

Shares of CSGP opened at $73.56 on Friday. The stock’s 50-day moving average is $74.04 and its two-hundred day moving average is $75.45. The stock has a market cap of $30.16 billion, a PE ratio of 167.19 and a beta of 0.87. CoStar Group has a 12 month low of $68.26 and a 12 month high of $100.38. The company has a debt-to-equity ratio of 0.13, a current ratio of 9.63 and a quick ratio of 9.63.

Insider Transactions at CoStar Group

In other news, insider Michael J. Desmarais sold 5,500 shares of the business’s stock in a transaction that occurred on Tuesday, November 26th. The stock was sold at an average price of $79.88, for a total transaction of $439,340.00. Following the completion of the transaction, the insider now directly owns 58,798 shares in the company, valued at approximately $4,696,784.24. The trade was a 8.55 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is accessible through the SEC website. Insiders own 1.57% of the company’s stock.

Hedge Funds Weigh In On CoStar Group

Several hedge funds and other institutional investors have recently made changes to their positions in CSGP. Czech National Bank lifted its position in CoStar Group by 7.3% in the third quarter. Czech National Bank now owns 83,484 shares of the technology company’s stock worth $6,298,000 after purchasing an additional 5,671 shares during the period. GAMMA Investing LLC lifted its position in CoStar Group by 90.5% in the third quarter. GAMMA Investing LLC now owns 4,583 shares of the technology company’s stock worth $346,000 after purchasing an additional 2,177 shares during the period. Diversified Trust Co lifted its position in CoStar Group by 27.8% in the third quarter. Diversified Trust Co now owns 3,488 shares of the technology company’s stock worth $263,000 after purchasing an additional 758 shares during the period. Atomi Financial Group Inc. acquired a new stake in CoStar Group in the third quarter worth approximately $494,000. Finally, UMB Bank n.a. lifted its position in CoStar Group by 3,803.5% in the third quarter. UMB Bank n.a. now owns 77,875 shares of the technology company’s stock worth $5,875,000 after purchasing an additional 75,880 shares during the period. 96.60% of the stock is currently owned by institutional investors and hedge funds.

About CoStar Group

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.