CoStar Group, Inc. (NASDAQ:CSGP) Given Average Recommendation of "Moderate Buy" by Brokerages

Shares of CoStar Group, Inc. (NASDAQ:CSGP - Get Free Report) have received an average rating of "Moderate Buy" from the sixteen ratings firms that are currently covering the firm, MarketBeat.com reports. One equities research analyst has rated the stock with a sell rating, four have issued a hold rating, ten have assigned a buy rating and one has given a strong buy rating to the company. The average 1-year price objective among analysts that have covered the stock in the last year is $87.69.

Several brokerages have recently commented on CSGP. Bank of America began coverage on shares of CoStar Group in a research note on Friday, May 30th. They set a "neutral" rating and a $79.00 price target on the stock. Keefe, Bruyette & Woods increased their price target on shares of CoStar Group from $93.00 to $95.00 and gave the stock an "outperform" rating in a research note on Wednesday, April 30th. Royal Bank Of Canada restated a "sector perform" rating and set a $83.00 price target on shares of CoStar Group in a research note on Tuesday, June 24th. Needham & Company LLC increased their price target on shares of CoStar Group from $87.00 to $98.00 and gave the stock a "buy" rating in a research note on Wednesday, April 30th. Finally, Wells Fargo & Company increased their price target on shares of CoStar Group from $63.00 to $65.00 and gave the stock an "underweight" rating in a research note on Wednesday, April 30th.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently bought and sold shares of CSGP. Colonial Trust Co SC grew its position in CoStar Group by 27.4% in the 4th quarter. Colonial Trust Co SC now owns 674 shares of the technology company's stock worth $48,000 after purchasing an additional 145 shares during the last quarter. DoubleLine ETF Adviser LP increased its holdings in shares of CoStar Group by 0.5% during the 4th quarter. DoubleLine ETF Adviser LP now owns 29,398 shares of the technology company's stock worth $2,105,000 after purchasing an additional 146 shares during the period. Aurora Investment Managers LLC. increased its holdings in shares of CoStar Group by 0.7% during the 1st quarter. Aurora Investment Managers LLC. now owns 22,357 shares of the technology company's stock worth $1,771,000 after purchasing an additional 164 shares during the period. First Horizon Advisors Inc. increased its holdings in shares of CoStar Group by 5.0% during the 1st quarter. First Horizon Advisors Inc. now owns 3,746 shares of the technology company's stock worth $297,000 after purchasing an additional 179 shares during the period. Finally, Moran Wealth Management LLC increased its holdings in shares of CoStar Group by 2.2% during the 4th quarter. Moran Wealth Management LLC now owns 8,207 shares of the technology company's stock worth $588,000 after purchasing an additional 180 shares during the period. 96.60% of the stock is currently owned by institutional investors and hedge funds.

CoStar Group Stock Down 0.6%

CSGP stock traded down $0.52 during midday trading on Monday, reaching $81.60. The company had a trading volume of 2,291,415 shares, compared to its average volume of 2,909,225. CoStar Group has a 1 year low of $68.26 and a 1 year high of $83.68. The company has a current ratio of 6.01, a quick ratio of 6.01 and a debt-to-equity ratio of 0.12. The company has a market capitalization of $34.43 billion, a P/E ratio of 281.38, a PEG ratio of 4.14 and a beta of 0.89. The company has a 50 day moving average of $77.91 and a two-hundred day moving average of $76.82.

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.