CoStar Group (NASDAQ:CSGP) Given Sector Perform Rating at Royal Bank Of Canada

CoStar Group (NASDAQ:CSGP - Get Free Report)'s stock had its "sector perform" rating reiterated by analysts at Royal Bank Of Canada in a report released on Tuesday,Benzinga reports. They currently have a $83.00 price target on the technology company's stock. Royal Bank Of Canada's target price indicates a potential upside of 2.01% from the stock's current price.

Other research analysts also recently issued research reports about the company. William Blair initiated coverage on CoStar Group in a research note on Friday, February 28th. They issued a "market perform" rating for the company. Wells Fargo & Company boosted their target price on shares of CoStar Group from $63.00 to $65.00 and gave the company an "underweight" rating in a research report on Wednesday, April 30th. 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 report on Wednesday, April 30th. Bank of America initiated coverage on shares of CoStar Group in a research report on Friday, May 30th. They set a "neutral" rating and a $79.00 price objective for the company. Finally, JMP Securities restated a "market outperform" rating and set a $85.00 target price on shares of CoStar Group in a research note on Wednesday, April 30th. Two research analysts have rated the stock with a sell rating, four have assigned a hold rating, ten have assigned a buy rating and one has given a strong buy rating to the company. Based on data from MarketBeat.com, CoStar Group presently has a consensus rating of "Moderate Buy" and a consensus target price of $87.69.

CoStar Group Price Performance

NASDAQ CSGP traded up $1.32 during midday trading on Tuesday, hitting $81.36. The company had a trading volume of 382,821 shares, compared to its average volume of 2,899,879. The company has a market capitalization of $34.33 billion, a PE ratio of 280.51, a P/E/G ratio of 4.01 and a beta of 0.87. CoStar Group has a twelve month low of $68.26 and a twelve month 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 firm has a 50-day moving average price of $77.78 and a 200-day moving average price of $76.35.

Institutional Trading of CoStar Group

Several hedge funds and other institutional investors have recently made changes to their positions in the company. Hopwood Financial Services Inc. acquired a new stake in CoStar Group during the 4th quarter worth approximately $25,000. Wayfinding Financial LLC acquired a new position in shares of CoStar Group during the first quarter worth $29,000. Bayforest Capital Ltd bought a new stake in shares of CoStar Group in the first quarter worth $29,000. SBI Securities Co. Ltd. acquired a new stake in CoStar Group in the fourth quarter valued at $30,000. Finally, GKV Capital Management Co. Inc. bought a new position in CoStar Group during the 1st quarter worth $31,000. 96.60% of the stock is currently owned by institutional investors.

CoStar Group Company Profile

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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