A number of firms have modified their ratings and price targets on shares of CoStar Group (NASDAQ: CSGP) recently:

  • 8/2/2017 – CoStar Group had its “buy” rating reaffirmed by analysts at B. Riley. They now have a $335.00 price target on the stock.
  • 8/1/2017 – CoStar Group was upgraded by analysts at Zacks Investment Research from a “hold” rating to a “strong-buy” rating. They now have a $317.00 price target on the stock. According to Zacks, “CoStar Group, Inc. provides information services to the commercial real estate industry. Their wide array of digital service offerings includes a leasing marketplace, a selling marketplace, sales comparable information, decision support, contact management, tenant information, property marketing, and industry news. They have three assets that provide a unique foundation for this marketplace: comprehensive national databases; large research department; and large number of participating organizations. “
  • 7/28/2017 – CoStar Group had its “buy” rating reaffirmed by analysts at B. Riley. They now have a $335.00 price target on the stock.
  • 7/28/2017 – CoStar Group had its price target raised by analysts at Needham & Company LLC from $275.00 to $300.00. They now have a “buy” rating on the stock.
  • 7/28/2017 – CoStar Group was given a new $320.00 price target on by analysts at Citigroup Inc. They now have a “buy” rating on the stock.
  • 7/19/2017 – CoStar Group had its “buy” rating reaffirmed by analysts at B. Riley. They now have a $325.00 price target on the stock.
  • 7/16/2017 – CoStar Group was downgraded by analysts at BidaskClub from a “strong-buy” rating to a “buy” rating.
  • 7/14/2017 – CoStar Group had its “buy” rating reaffirmed by analysts at B. Riley. They now have a $325.00 price target on the stock.
  • 7/5/2017 – CoStar Group had its price target raised by analysts at SunTrust Banks, Inc. from $275.00 to $310.00. They now have a “buy” rating on the stock.
  • 6/27/2017 – CoStar Group was downgraded by analysts at Zacks Investment Research from a “buy” rating to a “hold” rating. According to Zacks, “CoStar Group, Inc. provides information services to the commercial real estate industry. Their wide array of digital service offerings includes a leasing marketplace, a selling marketplace, sales comparable information, decision support, contact management, tenant information, property marketing, and industry news. They have three assets that provide a unique foundation for this marketplace: comprehensive national databases; large research department; and large number of participating organizations. “
  • 6/19/2017 – CoStar Group had its “overweight” rating reaffirmed by analysts at Stephens. They now have a $275.00 price target on the stock, up previously from $260.00.
  • 6/16/2017 – CoStar Group was upgraded by analysts at Zacks Investment Research from a “hold” rating to a “buy” rating. They now have a $282.00 price target on the stock. According to Zacks, “CoStar Group, Inc. provides information services to the commercial real estate industry. Their wide array of digital service offerings includes a leasing marketplace, a selling marketplace, sales comparable information, decision support, contact management, tenant information, property marketing, and industry news. They have three assets that provide a unique foundation for this marketplace: comprehensive national databases; large research department; and large number of participating organizations. “
  • 6/15/2017 – CoStar Group was downgraded by analysts at Zacks Investment Research from a “buy” rating to a “hold” rating. According to Zacks, “CoStar Group, Inc. provides information services to the commercial real estate industry. Their wide array of digital service offerings includes a leasing marketplace, a selling marketplace, sales comparable information, decision support, contact management, tenant information, property marketing, and industry news. They have three assets that provide a unique foundation for this marketplace: comprehensive national databases; large research department; and large number of participating organizations. “

Shares of CoStar Group, Inc. (NASDAQ:CSGP) opened at 279.17 on Friday. The firm has a 50-day moving average of $272.54 and a 200 day moving average of $236.25. The company has a market cap of $9.16 billion, a P/E ratio of 93.71 and a beta of 1.51. CoStar Group, Inc. has a 52 week low of $179.22 and a 52 week high of $284.47.

CoStar Group (NASDAQ:CSGP) last issued its quarterly earnings results on Wednesday, July 26th. The technology company reported $0.86 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of $0.63 by $0.23. The firm had revenue of $237.20 million for the quarter, compared to the consensus estimate of $234.38 million. CoStar Group had a net margin of 10.85% and a return on equity of 7.19%. The company’s revenue for the quarter was up 14.6% on a year-over-year basis. During the same quarter in the previous year, the company earned $0.91 EPS. Equities analysts anticipate that CoStar Group, Inc. will post $4.49 earnings per share for the current fiscal year.

In other news, VP Matthew Linnington sold 1,767 shares of the business’s stock in a transaction that occurred on Monday, July 31st. The shares were sold at an average price of $273.15, for a total value of $482,656.05. The sale was disclosed in a filing with the SEC, which is accessible through the SEC website. Also, Director Michael R. Klein sold 20,000 shares of the business’s stock in a transaction that occurred on Monday, June 26th. The stock was sold at an average price of $265.01, for a total transaction of $5,300,200.00. The disclosure for this sale can be found here. 2.98% of the stock is currently owned by insiders.

CoStar Group, Inc (CoStar) is a provider of information, analytics and online marketplaces to the commercial real estate and related business community through its database of commercial real estate information covering the United States, the United Kingdom, and parts of Canada, Spain, Germany and France.

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