CoStar Group (NASDAQ:CSGP) Earns “Outperform” Rating from William Blair

William Blair reaffirmed their outperform rating on shares of CoStar Group (NASDAQ:CSGP) in a research report released on Wednesday, RTT News reports.

Several other equities analysts also recently weighed in on CSGP. Robert W. Baird raised their price objective on CoStar Group from $90.00 to $105.00 and gave the company an outperform rating in a research note on Monday, March 18th. Stephens reissued an overweight rating and set a $105.00 price target on shares of CoStar Group in a research report on Wednesday. Jefferies Financial Group raised their price objective on CoStar Group from $85.00 to $95.00 and gave the stock a hold rating in a report on Friday, April 12th. JMP Securities reissued a market outperform rating and set a $110.00 price target on shares of CoStar Group in a research report on Friday, April 12th. Finally, Citigroup boosted their price target on CoStar Group from $90.00 to $97.00 and gave the company a buy rating in a research report on Wednesday, February 7th. Four research analysts have rated the stock with a hold rating and twelve have given a buy rating to the company’s stock. According to data from MarketBeat, the stock currently has a consensus rating of Moderate Buy and an average price target of $102.15.

CoStar Group Stock Up 8.7 %

CoStar Group stock opened at $91.95 on Wednesday. The company has a current ratio of 12.01, a quick ratio of 12.01 and a debt-to-equity ratio of 0.13. The stock has a 50 day moving average of $89.40 and a two-hundred day moving average of $84.64. The stock has a market capitalization of $37.55 billion, a price-to-earnings ratio of 125.96, a PEG ratio of 9.73 and a beta of 0.84. CoStar Group has a twelve month low of $67.35 and a twelve month high of $100.38.

CoStar Group (NASDAQ:CSGP) last posted its quarterly earnings results on Tuesday, February 20th. The technology company reported $0.33 EPS for the quarter, beating the consensus estimate of $0.32 by $0.01. The business had revenue of $640.00 million during the quarter, compared to analysts’ expectations of $634.27 million. CoStar Group had a return on equity of 4.97% and a net margin of 11.64%. The company’s quarterly revenue was up 11.7% compared to the same quarter last year. During the same period last year, the firm earned $0.35 EPS. As a group, research analysts expect that CoStar Group will post 0.44 earnings per share for the current year.

Institutional Inflows and Outflows

Institutional investors have recently modified their holdings of the business. Deutsche Bank AG lifted its stake in shares of CoStar Group by 37.1% in the third quarter. Deutsche Bank AG now owns 739,725 shares of the technology company’s stock worth $56,877,000 after acquiring an additional 200,183 shares in the last quarter. Simplicity Solutions LLC raised its stake in CoStar Group by 5.7% during the fourth quarter. Simplicity Solutions LLC now owns 7,971 shares of the technology company’s stock valued at $697,000 after buying an additional 431 shares in the last quarter. Harvest Fund Management Co. Ltd raised its stake in CoStar Group by 11.7% during the fourth quarter. Harvest Fund Management Co. Ltd now owns 3,589 shares of the technology company’s stock valued at $312,000 after buying an additional 376 shares in the last quarter. Harbor Advisors LLC raised its stake in CoStar Group by 69.6% during the fourth quarter. Harbor Advisors LLC now owns 17,060 shares of the technology company’s stock valued at $1,491,000 after buying an additional 7,000 shares in the last quarter. Finally, Wellington Management Group LLP raised its stake in CoStar Group by 22.7% during the third quarter. Wellington Management Group LLP now owns 3,580,549 shares of the technology company’s stock valued at $275,308,000 after buying an additional 662,592 shares in the last quarter. Institutional investors and hedge funds own 96.60% of the company’s stock.

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.