BMO Capital Markets Boosts CoStar Group (NASDAQ:CSGP) Price Target to $84.00

CoStar Group (NASDAQ:CSGP) had its price objective upped by BMO Capital Markets from $79.00 to $84.00 in a research note released on Friday, Benzinga reports. The brokerage currently has a market perform rating on the technology company’s stock.

Several other research firms have also weighed in on CSGP. Keefe, Bruyette & Woods boosted their price objective on shares of CoStar Group from $96.00 to $109.00 and gave the stock an outperform rating in a research note on Wednesday, April 10th. Citigroup lifted their target price on shares of CoStar Group from $90.00 to $97.00 and gave the stock a buy rating in a report on Wednesday, February 7th. Jefferies Financial Group lifted their target price on shares of CoStar Group from $85.00 to $95.00 and gave the stock a hold rating in a report on Friday, April 12th. Needham & Company LLC reduced their target price on shares of CoStar Group from $105.00 to $90.00 and set a buy rating for the company in a report on Wednesday, February 21st. Finally, The Goldman Sachs Group boosted their price objective on shares of CoStar Group from $96.00 to $107.00 and gave the company a buy rating in a report on Wednesday, March 20th. Four research analysts have rated the stock with a hold rating and eleven have assigned a buy rating to the stock. According to MarketBeat, the company has a consensus rating of Moderate Buy and an average price target of $100.50.

CoStar Group Price Performance

Shares of CSGP stock opened at $85.31 on Friday. CoStar Group has a 52-week low of $67.35 and a 52-week high of $100.38. The stock has a market cap of $34.84 billion, a PE ratio of 92.73, a PEG ratio of 9.69 and a beta of 0.84. The company has a debt-to-equity ratio of 0.13, a quick ratio of 12.01 and a current ratio of 12.01. The firm’s 50 day moving average price is $89.15 and its two-hundred day moving average price is $84.56.

CoStar Group (NASDAQ:CSGP) last announced its quarterly earnings data on Tuesday, February 20th. The technology company reported $0.33 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.32 by $0.01. CoStar Group had a net margin of 15.26% and a return on equity of 6.08%. The firm had revenue of $640.00 million for the quarter, compared to analysts’ expectations of $634.27 million. During the same period last year, the firm earned $0.35 earnings per share. The business’s revenue for the quarter was up 11.7% on a year-over-year basis. As a group, analysts forecast that CoStar Group will post 0.44 EPS for the current year.

Institutional Investors Weigh In On CoStar Group

Several large investors have recently modified their holdings of the company. Checchi Capital Advisers LLC increased its position in shares of CoStar Group by 3.4% during the fourth quarter. Checchi Capital Advisers LLC now owns 3,658 shares of the technology company’s stock worth $320,000 after buying an additional 121 shares during the period. Axxcess Wealth Management LLC increased its position in shares of CoStar Group by 4.6% during the fourth quarter. Axxcess Wealth Management LLC now owns 2,775 shares of the technology company’s stock worth $243,000 after buying an additional 123 shares during the period. KB Financial Partners LLC increased its position in shares of CoStar Group by 17.9% during the third quarter. KB Financial Partners LLC now owns 818 shares of the technology company’s stock worth $63,000 after buying an additional 124 shares during the period. Wealth Alliance increased its position in shares of CoStar Group by 3.0% during the fourth quarter. Wealth Alliance now owns 4,539 shares of the technology company’s stock worth $397,000 after buying an additional 132 shares during the period. Finally, Keybank National Association OH increased its position in shares of CoStar Group by 0.6% during the third quarter. Keybank National Association OH now owns 21,159 shares of the technology company’s stock worth $1,627,000 after buying an additional 133 shares during the period. 96.60% of the stock is currently owned by institutional investors and hedge funds.

About CoStar Group

CoStar Group, Inc provides information, analytics, and online marketplace services to the commercial real estate, hospitality, residential, and related professionals industries in the United States, Canada, Europe, the Asia Pacific, and Latin America. The company offers CoStar Property that provides inventory of office, industrial, retail, multifamily, hospitality, and student housing properties and land; CoStar Sales, a robust database of comparable commercial real estate sales transactions; CoStar Market Analytics to view and report on aggregated market and submarket trends; and CoStar Tenant, an online business-to-business prospecting and analytical tool that provides tenant information.