Research Analysts’ Weekly Ratings Updates for CoStar Group (CSGP)

Several analysts have recently updated their ratings and price targets for CoStar Group (NASDAQ: CSGP):

• 3/25/2024 – CoStar Group had its price target raised by analysts at Royal Bank of Canada from $95.00 to $109.00. They now have an “outperform” rating on the stock.
• 3/20/2024 – CoStar Group had its price target raised by analysts at The Goldman Sachs Group, Inc. from $96.00 to $107.00. They now have a “buy” rating on the stock.
• 3/18/2024 – CoStar Group had its price target raised by analysts at JMP Securities from $85.00 to $110.00. They now have an “outperform” rating on the stock.
• 3/18/2024 – CoStar Group had its price target raised by analysts at Robert W. Baird from $90.00 to $105.00. They now have an “outperform” rating on the stock.
• 3/18/2024 – CoStar Group had its price target raised by analysts at Bank of America Co. from $97.00 to $111.00. They now have a “buy” rating on the stock.
• 2/22/2024 – CoStar Group had its price target lowered by analysts at BMO Capital Markets from $84.00 to $79.00. They now have a “market perform” rating on the stock.
• 2/21/2024 – CoStar Group had its “outperform” rating reaffirmed by analysts at Royal Bank of Canada. They now have a $95.00 price target on the stock.
• 2/21/2024 – CoStar Group had its price target lowered by analysts at JMP Securities from $90.00 to $85.00. They now have a “market outperform” rating on the stock.
• 2/21/2024 – CoStar Group had its price target lowered by analysts at The Goldman Sachs Group, Inc. from $98.00 to $84.00. They now have a “buy” rating on the stock.
• 2/21/2024 – CoStar Group had its price target lowered by analysts at Needham & Company LLC from $105.00 to $90.00. They now have a “buy” rating on the stock.
• 2/7/2024 – CoStar Group had its price target raised by analysts at Citigroup Inc. from $90.00 to $97.00. They now have a “buy” rating on the stock.

CoStar Group Trading Up 0.4 %

Shares of CSGP traded up $0.38 during trading on Thursday, reaching $96.60. 2,213,498 shares of the company traded hands, compared to its average volume of 2,230,178. CoStar Group, Inc. has a twelve month low of $67.22 and a twelve month high of $100.38. The stock has a market cap of $39.45 billion, a PE ratio of 105.00, a price-to-earnings-growth ratio of 10.90 and a beta of 0.83. The stock has a 50-day simple moving average of $86.53 and a 200-day simple moving average of $82.97. The company has a quick ratio of 12.01, a current ratio of 12.01 and a debt-to-equity ratio of 0.13.

CoStar Group (NASDAQ:CSGP) last announced its quarterly earnings results on Tuesday, February 20th. The technology company reported $0.33 earnings per share for the quarter, beating analysts’ consensus estimates of $0.32 by $0.01. CoStar Group had a net margin of 15.26% and a return on equity of 6.08%. The business had revenue of $640.00 million during the quarter, compared to analysts’ expectations of $634.27 million. During the same period last year, the business earned $0.35 earnings per share. The business’s revenue for the quarter was up 11.7% on a year-over-year basis. On average, analysts anticipate that CoStar Group, Inc. will post 0.44 earnings per share for the current year.

Institutional Inflows and Outflows

Institutional investors have recently made changes to their positions in the business. Quarry LP lifted its stake in CoStar Group by 75.5% in the first quarter. Quarry LP now owns 358 shares of the technology company’s stock worth $25,000 after acquiring an additional 154 shares during the last quarter. Blue Trust Inc. lifted its stake in CoStar Group by 125.4% in the fourth quarter. Blue Trust Inc. now owns 311 shares of the technology company’s stock worth $27,000 after acquiring an additional 173 shares during the last quarter. West Tower Group LLC purchased a new position in CoStar Group in the second quarter worth approximately $29,000. Resurgent Financial Advisors LLC purchased a new position in CoStar Group in the fourth quarter worth approximately $30,000. Finally, Benjamin F. Edwards & Company Inc. purchased a new position in CoStar Group in the second quarter worth approximately $33,000. Institutional investors and hedge funds own 96.60% of the company’s stock.

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.