CoStar Group (NASDAQ:CSGP - Get Free Report) released its earnings results on Tuesday. The technology company reported $0.08 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.14 by ($0.06), Zacks reports. CoStar Group had a net margin of 4.17% and a return on equity of 3.11%.
CoStar Group Stock Performance
Shares of CSGP stock traded up $0.15 during mid-day trading on Tuesday, reaching $85.16. 4,502,728 shares of the company's stock traded hands, compared to its average volume of 2,908,691. The company has a debt-to-equity ratio of 0.12, a quick ratio of 6.01 and a current ratio of 6.01. CoStar Group has a 12 month low of $68.26 and a 12 month high of $88.52. The firm has a 50 day moving average price of $79.40 and a two-hundred day moving average price of $77.62. The firm has a market capitalization of $35.93 billion, a PE ratio of 293.66, a price-to-earnings-growth ratio of 4.27 and a beta of 0.89.
Analysts Set New Price Targets
Several equities analysts have recently issued reports on CSGP shares. Needham & Company LLC lifted their target price on shares of CoStar Group from $87.00 to $98.00 and gave the company a "buy" rating in a report on Wednesday, April 30th. Royal Bank Of Canada reissued a "sector perform" rating and set a $83.00 price target on shares of CoStar Group in a research report on Tuesday, June 24th. Stephens raised shares of CoStar Group to a "strong-buy" rating and set a $105.00 price target for the company in a research report on Monday, June 16th. Keefe, Bruyette & Woods raised their price target on shares of CoStar Group from $95.00 to $100.00 and gave the company an "outperform" rating in a research report on Thursday, July 17th. Finally, JMP Securities reissued a "market outperform" rating and set a $85.00 price target on shares of CoStar Group in a research report on Wednesday, April 30th. Two investment analysts have rated the stock with a sell rating, four have assigned a hold rating, ten have assigned a buy rating and one has issued a strong buy rating to the company's stock. According to MarketBeat.com, CoStar Group presently has a consensus rating of "Moderate Buy" and a consensus target price of $88.46.
View Our Latest Stock Analysis on CSGP
Institutional Inflows and Outflows
A number of large investors have recently modified their holdings of CSGP. Integrated Wealth Concepts LLC lifted its stake in shares of CoStar Group by 9.8% during the 1st quarter. Integrated Wealth Concepts LLC now owns 4,789 shares of the technology company's stock valued at $379,000 after buying an additional 426 shares in the last quarter. NewEdge Advisors LLC lifted its stake in CoStar Group by 727.5% in the 1st quarter. NewEdge Advisors LLC now owns 1,473 shares of the technology company's stock worth $117,000 after purchasing an additional 1,295 shares in the last quarter. Jones Financial Companies Lllp lifted its stake in CoStar Group by 860.7% in the 1st quarter. Jones Financial Companies Lllp now owns 12,691 shares of the technology company's stock worth $1,006,000 after purchasing an additional 11,370 shares in the last quarter. Empowered Funds LLC lifted its stake in CoStar Group by 9.2% in the 1st quarter. Empowered Funds LLC now owns 7,941 shares of the technology company's stock worth $629,000 after purchasing an additional 666 shares in the last quarter. Finally, Woodline Partners LP lifted its stake in CoStar Group by 44.6% in the 1st quarter. Woodline Partners LP now owns 35,604 shares of the technology company's stock worth $2,821,000 after purchasing an additional 10,984 shares in the last quarter. Hedge funds and other institutional investors own 96.60% of the company's stock.
CoStar Group Company Profile
(
Get Free Report)
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.
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