CoStar Group Inc (NASDAQ:CSGP) has been assigned an average recommendation of “Buy” from the ten analysts that are currently covering the stock, MarketBeat reports. One equities research analyst has rated the stock with a sell rating, two have issued a hold rating and seven have given a buy rating to the company. The average 1-year price objective among analysts that have issued ratings on the stock in the last year is $537.00.
A number of equities research analysts have recently commented on the company. Zacks Investment Research upgraded CoStar Group from a “hold” rating to a “buy” rating and set a $622.00 target price on the stock in a research report on Friday, June 21st. BidaskClub cut CoStar Group from a “buy” rating to a “hold” rating in a research report on Saturday, June 22nd. Bank of America raised their target price on CoStar Group from $460.00 to $550.00 and gave the company a “buy” rating in a research report on Wednesday, April 24th. Needham & Company LLC raised their target price on CoStar Group from $500.00 to $600.00 and gave the company a “buy” rating in a research report on Wednesday, April 24th. Finally, Citigroup raised their target price on CoStar Group from $490.00 to $575.00 and gave the company a “buy” rating in a research report on Wednesday, April 24th.
In other news, Director John W. Hill sold 315 shares of the firm’s stock in a transaction dated Monday, June 24th. The stock was sold at an average price of $553.23, for a total transaction of $174,267.45. The transaction was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. 2.14% of the stock is owned by company insiders.
NASDAQ CSGP opened at $554.06 on Friday. The company’s 50-day moving average is $528.34. The stock has a market cap of $20.25 billion, a price-to-earnings ratio of 74.87, a P/E/G ratio of 3.55 and a beta of 1.35. CoStar Group has a fifty-two week low of $315.85 and a fifty-two week high of $562.65.
CoStar Group (NASDAQ:CSGP) last released its quarterly earnings data on Tuesday, April 23rd. The technology company reported $2.28 earnings per share for the quarter, beating the Zacks’ consensus estimate of $2.17 by $0.11. CoStar Group had a return on equity of 10.09% and a net margin of 21.76%. The business had revenue of $328.00 million during the quarter, compared to analyst estimates of $327.45 million. During the same quarter last year, the business posted $1.44 EPS. The company’s revenue was up 19.7% on a year-over-year basis. Equities research analysts forecast that CoStar Group will post 9 earnings per share for the current year.
CoStar Group Company Profile
CoStar Group, Inc provides information, analytics, and online marketplaces to the commercial real estate industry in the United States and the United Kingdom. The company offers CoStar Property Professional service that offers inventory of office, industrial, retail, and multifamily properties and land.
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