Wall Street brokerages expect CoStar Group Inc (NASDAQ:CSGP) to report $253.91 million in sales for the current fiscal quarter, according to Zacks. Four analysts have made estimates for CoStar Group’s earnings. The lowest sales estimate is $251.77 million and the highest is $258.98 million. CoStar Group reported sales of $218.31 million in the same quarter last year, which would suggest a positive year over year growth rate of 16.3%. The business is scheduled to report its next earnings results after the market closes on Wednesday, February 21st.

According to Zacks, analysts expect that CoStar Group will report full-year sales of $253.91 million for the current year, with estimates ranging from $963.01 million to $970.22 million. For the next year, analysts forecast that the firm will post sales of $1.13 billion per share, with estimates ranging from $1.10 billion to $1.19 billion. Zacks Investment Research’s sales calculations are a mean average based on a survey of analysts that that provide coverage for CoStar Group.

CSGP has been the subject of several recent research reports. Wells Fargo & Co set a $400.00 target price on CoStar Group and gave the company a “buy” rating in a report on Thursday, January 18th. B. Riley reaffirmed a “buy” rating and set a $350.00 target price (up from $335.00) on shares of CoStar Group in a report on Thursday, October 26th. Goldman Sachs Group initiated coverage on CoStar Group in a report on Wednesday, November 8th. They set a “buy” rating and a $359.00 target price for the company. Citigroup reaffirmed a “buy” rating and set a $425.00 target price (up from $320.00) on shares of CoStar Group in a report on Tuesday, January 23rd. Finally, SunTrust Banks reaffirmed a “buy” rating and set a $335.00 target price on shares of CoStar Group in a report on Friday, October 27th. One equities research analyst has rated the stock with a sell rating, nine have given a buy rating and one has given a strong buy rating to the stock. The company currently has an average rating of “Buy” and a consensus target price of $370.00.

Hedge funds have recently modified their holdings of the stock. Lenox Wealth Advisors Inc. bought a new position in CoStar Group in the 4th quarter worth approximately $102,000. Toronto Dominion Bank grew its holdings in CoStar Group by 12.3% in the 2nd quarter. Toronto Dominion Bank now owns 401 shares of the technology company’s stock worth $106,000 after buying an additional 44 shares in the last quarter. Cerebellum GP LLC bought a new position in CoStar Group in the 4th quarter worth approximately $129,000. First Manhattan Co. bought a new position in CoStar Group in the 3rd quarter worth approximately $187,000. Finally, Cubist Systematic Strategies LLC bought a new position in CoStar Group in the 2nd quarter worth approximately $188,000. 97.20% of the stock is owned by institutional investors and hedge funds.

CoStar Group (NASDAQ CSGP) traded up $0.27 during trading hours on Friday, hitting $352.11. The stock had a trading volume of 197,551 shares, compared to its average volume of 221,741. The company has a market capitalization of $12,655.98, a price-to-earnings ratio of 106.38, a PEG ratio of 3.81 and a beta of 1.66. CoStar Group has a 52 week low of $197.18 and a 52 week high of $356.06. The company has a debt-to-equity ratio of 0.15, a current ratio of 3.96 and a quick ratio of 3.96.

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CoStar Group Company Profile

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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