CoStar Group, Inc. (NASDAQ:CSGP)‘s stock had its “buy” rating restated by research analysts at SunTrust Banks, Inc. in a research note issued to investors on Wednesday. They currently have a $310.00 price target on the technology company’s stock. SunTrust Banks, Inc.’s price objective suggests a potential upside of 9.88% from the stock’s current price.

Several other analysts have also issued reports on the stock. Stephens reiterated an “overweight” rating and issued a $275.00 target price (up previously from $260.00) on shares of CoStar Group in a research report on Monday, June 19th. Zacks Investment Research upgraded shares of CoStar Group from a “hold” rating to a “buy” rating and set a $293.00 target price on the stock in a research report on Thursday, June 1st. BidaskClub lowered shares of CoStar Group from a “strong-buy” rating to a “buy” rating in a research report on Sunday, July 16th. Finally, Needham & Company LLC lifted their target price on shares of CoStar Group from $275.00 to $300.00 and gave the company a “buy” rating in a research report on Friday, July 28th. Five research analysts have rated the stock with a buy rating and two have assigned a strong buy rating to the company’s stock. The company has an average rating of “Buy” and a consensus price target of $313.67.

Shares of CoStar Group (NASDAQ:CSGP) traded down 2.73% during mid-day trading on Wednesday, reaching $274.42. 203,771 shares of the company’s stock traded hands. CoStar Group has a 12-month low of $179.22 and a 12-month high of $287.96. The company’s 50 day moving average is $280.54 and its 200 day moving average is $249.15. The company has a market cap of $9.01 billion, a P/E ratio of 92.12 and a beta of 1.52.

CoStar Group (NASDAQ:CSGP) last announced its earnings results on Wednesday, July 26th. The technology company reported $0.86 earnings per share (EPS) for the quarter, beating the Thomson Reuters’ consensus estimate of $0.63 by $0.23. CoStar Group had a net margin of 10.85% and a return on equity of 7.19%. The business had revenue of $237.20 million for the quarter, compared to analyst estimates of $234.38 million. During the same quarter last year, the business earned $0.91 earnings per share. The company’s revenue for the quarter was up 14.6% compared to the same quarter last year. On average, analysts predict that CoStar Group will post $4.49 EPS for the current fiscal year.

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In related news, VP Matthew Linnington sold 1,767 shares of the business’s stock in a transaction dated Monday, July 31st. The shares were sold at an average price of $273.15, for a total transaction of $482,656.05. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, Director Michael R. Klein sold 20,000 shares of the business’s stock in a transaction dated 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. Insiders own 2.98% of the company’s stock.

A number of institutional investors and hedge funds have recently bought and sold shares of the stock. Vanguard Group Inc. boosted its position in CoStar Group by 3.1% during the second quarter. Vanguard Group Inc. now owns 2,633,434 shares of the technology company’s stock worth $694,173,000 after acquiring an additional 79,521 shares during the last quarter. Janus Henderson Group PLC boosted its position in CoStar Group by 2,015.2% during the second quarter. Janus Henderson Group PLC now owns 2,617,006 shares of the technology company’s stock worth $689,842,000 after acquiring an additional 2,493,281 shares during the last quarter. Wellington Management Group LLP boosted its position in CoStar Group by 37.2% during the first quarter. Wellington Management Group LLP now owns 1,859,435 shares of the technology company’s stock worth $385,312,000 after acquiring an additional 503,903 shares during the last quarter. William Blair Investment Management LLC boosted its position in CoStar Group by 0.7% during the first quarter. William Blair Investment Management LLC now owns 1,621,963 shares of the technology company’s stock worth $336,103,000 after acquiring an additional 10,560 shares during the last quarter. Finally, BlackRock Inc. boosted its position in CoStar Group by 0.5% during the second quarter. BlackRock Inc. now owns 1,554,466 shares of the technology company’s stock worth $409,755,000 after acquiring an additional 7,555 shares during the last quarter. Hedge funds and other institutional investors own 99.87% of the company’s stock.

About CoStar Group

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.

Analyst Recommendations for CoStar Group (NASDAQ:CSGP)

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