CoStar Group Inc. (NASDAQ:CSGP) reached a new 52-week high during trading on Friday . The stock traded as high as $224.49 and last traded at $223.80, with a volume of 111,336 shares changing hands. The stock had previously closed at $216.99.

CSGP has been the subject of several research reports. Zacks Investment Research raised CoStar Group from a “hold” rating to a “buy” rating and set a $219.00 price target for the company in a report on Tuesday, May 3rd. B. Riley reaffirmed a “buy” rating and set a $210.00 price target on shares of CoStar Group in a report on Tuesday, April 26th. Wells Fargo & Co. reaffirmed a “buy” rating on shares of CoStar Group in a report on Tuesday, June 7th. Finally, TheStreet raised CoStar Group from a “hold” rating to a “buy” rating in a report on Wednesday, June 22nd. One research analyst has rated the stock with a hold rating and four have issued a buy rating to the company. CoStar Group presently has a consensus rating of “Buy” and a consensus target price of $233.00.

The stock’s 50 day moving average is $209.06 and its 200 day moving average is $189.60. The firm has a market capitalization of $7.23 billion and a price-to-earnings ratio of 367.65.

CoStar Group (NASDAQ:CSGP) last issued its quarterly earnings results on Wednesday, April 27th. The company reported $0.95 earnings per share (EPS) for the quarter, beating the Thomson Reuters’ consensus estimate of $0.69 by $0.26. During the same period last year, the firm posted $0.34 earnings per share. The business earned $200 million during the quarter, compared to analyst estimates of $197.33 million. CoStar Group’s quarterly revenue was up 25.8% compared to the same quarter last year. On average, analysts expect that CoStar Group Inc. will post $4.09 earnings per share for the current fiscal year.

Several large investors have recently added to or reduced their stakes in the stock. US Bancorp DE increased its stake in CoStar Group by 1.1% in the fourth quarter. US Bancorp DE now owns 20,094 shares of the company’s stock valued at $4,153,000 after buying an additional 227 shares in the last quarter. American Capital Management Inc. increased its stake in CoStar Group by 1,198.1% in the fourth quarter. American Capital Management Inc. now owns 46,733 shares of the company’s stock valued at $9,659,000 after buying an additional 43,133 shares in the last quarter. Wells Fargo & Company MN increased its stake in CoStar Group by 8.1% in the fourth quarter. Wells Fargo & Company MN now owns 1,645,738 shares of the company’s stock valued at $340,158,000 after buying an additional 123,077 shares in the last quarter. Morgan Stanley increased its stake in CoStar Group by 18.1% in the fourth quarter. Morgan Stanley now owns 4,864 shares of the company’s stock valued at $1,005,000 after buying an additional 746 shares in the last quarter. Finally, Vanguard Group Inc. increased its stake in CoStar Group by 2.3% in the fourth quarter. Vanguard Group Inc. now owns 2,091,573 shares of the company’s stock valued at $432,308,000 after buying an additional 48,021 shares in the last quarter.

CoStar Group, Inc (CoStar) is a provider of information, analytics and online marketplaces to the commercial real estate industry. The Company has five flagship brands: CoStar, LoopNet, Apartments.com, BizBuySell and LandsofAmerica. The Company has operations in the United States, Canada, the United Kingdom and France.

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