CoStar Group (NASDAQ:CSGP) Price Target Raised to $100.00 at Keefe, Bruyette & Woods

CoStar Group (NASDAQ:CSGP - Free Report) had its price objective boosted by Keefe, Bruyette & Woods from $95.00 to $100.00 in a research note issued to investors on Thursday,Benzinga reports. Keefe, Bruyette & Woods currently has an outperform rating on the technology company's stock.

Several other brokerages have also weighed in on CSGP. Needham & Company LLC upped their price objective 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. Bank of America began coverage on CoStar Group in a report on Friday, May 30th. They issued a "neutral" rating and a $79.00 price target on the stock. Royal Bank Of Canada reissued a "sector perform" rating and issued a $83.00 price objective on shares of CoStar Group in a research note on Tuesday, June 24th. JMP Securities reaffirmed a "market outperform" rating and set a $85.00 target price on shares of CoStar Group in a research report on Wednesday, April 30th. Finally, Wells Fargo & Company reissued an "underweight" rating and issued a $70.00 price target (up previously from $65.00) on shares of CoStar Group in a research report on Wednesday. Two investment analysts have rated the stock with a sell rating, four have given a hold rating, ten have issued a buy rating and one has assigned a strong buy rating to the company's stock. According to MarketBeat.com, CoStar Group has a consensus rating of "Moderate Buy" and a consensus target price of $88.46.

CoStar Group Trading Down 0.3%

CSGP traded down $0.25 during midday trading on Thursday, hitting $84.70. 2,046,790 shares of the company were exchanged, compared to its average volume of 2,898,209. The firm's 50 day moving average price is $79.40 and its 200-day moving average price is $77.53. CoStar Group has a 1-year low of $68.26 and a 1-year high of $86.45. The firm has a market capitalization of $35.73 billion, a P/E ratio of 292.07, a P/E/G ratio of 4.28 and a beta of 0.89. The company has a quick ratio of 6.01, a current ratio of 6.01 and a debt-to-equity ratio of 0.12.

Institutional Trading of CoStar Group

A number of institutional investors have recently added to or reduced their stakes in the stock. Bayforest Capital Ltd bought a new stake in CoStar Group during the first quarter valued at approximately $29,000. Wayfinding Financial LLC bought a new stake in CoStar Group in the 1st quarter worth approximately $29,000. GKV Capital Management Co. Inc. purchased a new stake in CoStar Group in the first quarter worth approximately $31,000. Zions Bancorporation National Association UT bought a new position in CoStar Group during the first quarter valued at approximately $31,000. Finally, Cullen Frost Bankers Inc. grew its position in CoStar Group by 137.4% during the first quarter. Cullen Frost Bankers Inc. now owns 406 shares of the technology company's stock valued at $32,000 after acquiring an additional 235 shares during the last quarter. Hedge funds and other institutional investors own 96.60% of the company's stock.

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.