CoStar Group Inc. (NASDAQ:CSGP) shares fell 4.9% during trading on Thursday . The company traded as low as $208.70 and last traded at $211.74, with a volume of 266,414 shares trading hands. The stock had previously closed at $222.71.

A number of research firms have commented on CSGP. Zacks Investment Research upgraded shares of CoStar Group from a “hold” rating to a “buy” rating and set a $219.00 price objective on the stock in a research note on Tuesday, May 3rd. B. Riley reiterated a “buy” rating and set a $215.00 price objective on shares of CoStar Group in a research note on Sunday, May 1st. JMP Securities increased their price objective on shares of CoStar Group from $215.00 to $230.00 and gave the company a “market outperform” rating in a research note on Thursday. Wells Fargo & Co. reiterated a “buy” rating on shares of CoStar Group in a research note on Tuesday, June 7th. Finally, TheStreet raised shares of 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 stock. CoStar Group has an average rating of “Buy” and an average price target of $228.00.

The firm has a 50 day moving average price of $215.29 and a 200 day moving average price of $191.84. The firm has a market cap of $6.74 billion and a P/E ratio of 343.05.

CoStar Group (NASDAQ:CSGP) last released its quarterly earnings results on Wednesday, July 27th. The company reported $0.91 EPS for the quarter, beating the Zacks’ consensus estimate of $0.83 by $0.08. During the same period in the prior year, the business earned $0.08 EPS. The firm earned $207 million during the quarter, compared to the consensus estimate of $205.66 million. The company’s revenue for the quarter was up 21.1% compared to the same quarter last year. Equities analysts anticipate that CoStar Group Inc. will post $4.09 EPS for the current fiscal year.

Several institutional investors have recently added to or reduced their stakes in CSGP. Vanguard Group Inc. raised its position in CoStar Group by 2.3% in the fourth quarter. Vanguard Group Inc. now owns 2,091,573 shares of the company’s stock worth $432,308,000 after buying an additional 48,021 shares in the last quarter. Stephens Investment Management Group LLC raised its position in CoStar Group by 0.6% in the fourth quarter. Stephens Investment Management Group LLC now owns 223,414 shares of the company’s stock worth $46,177,000 after buying an additional 1,240 shares in the last quarter. American Capital Management Inc. raised its position 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 worth $9,659,000 after buying an additional 43,133 shares in the last quarter. BlackRock Advisors LLC raised its position in CoStar Group by 15.1% in the fourth quarter. BlackRock Advisors LLC now owns 83,591 shares of the company’s stock worth $17,277,000 after buying an additional 10,972 shares in the last quarter. Finally, US Bancorp DE raised its position in CoStar Group by 1.1% in the fourth quarter. US Bancorp DE now owns 20,094 shares of the company’s stock worth $4,153,000 after buying an additional 227 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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