CoStar Group (NASDAQ:CSGP) Given New $84.00 Price Target at BMO Capital Markets

CoStar Group (NASDAQ:CSGP - Get Free Report) had its target price hoisted by equities research analysts at BMO Capital Markets from $79.00 to $84.00 in a report issued on Friday, Benzinga reports. The brokerage presently has a "market perform" rating on the technology company's stock. BMO Capital Markets' price target suggests a potential downside of 0.31% from the company's current price.

A number of other research firms have also commented on CSGP. Robert W. Baird raised their price target on CoStar Group from $90.00 to $105.00 and gave the stock an "outperform" rating in a research report on Monday, March 18th. Keefe, Bruyette & Woods lifted their price target on shares of CoStar Group from $96.00 to $109.00 and gave the company an "outperform" rating in a research note on Wednesday, April 10th. Citigroup increased their price objective on shares of CoStar Group from $90.00 to $97.00 and gave the stock a "buy" rating in a research report on Wednesday, February 7th. Royal Bank of Canada raised their price objective on shares of CoStar Group from $95.00 to $109.00 and gave the stock an "outperform" rating in a report on Monday, March 25th. Finally, JMP Securities reaffirmed a "market outperform" rating and issued a $110.00 target price on shares of CoStar Group in a research note on Friday, April 12th. Four analysts have rated the stock with a hold rating and eleven have assigned a buy rating to the stock. Based on data from MarketBeat, CoStar Group currently has an average rating of "Moderate Buy" and an average price target of $100.50.

CoStar Group Trading Up 0.1 %

CSGP traded up $0.08 during midday trading on Friday, reaching $84.26. 2,067,337 shares of the company were exchanged, compared to its average volume of 2,126,623. The stock has a market capitalization of $34.41 billion, a P/E ratio of 91.59, a PEG ratio of 9.82 and a beta of 0.84. CoStar Group has a one year low of $67.35 and a one year high of $100.38. The stock's 50-day simple moving average is $89.10 and its 200 day simple moving average is $84.40. The company has a debt-to-equity ratio of 0.13, a quick ratio of 12.01 and a current ratio of 12.01.

CoStar Group (NASDAQ:CSGP - Get Free Report) last announced its quarterly earnings results on Tuesday, February 20th. The technology company reported $0.33 earnings per share for the quarter, beating analysts' consensus estimates of $0.32 by $0.01. CoStar Group had a net margin of 15.26% and a return on equity of 6.08%. The business had revenue of $640.00 million for the quarter, compared to the consensus estimate of $634.27 million. During the same period last year, the company posted $0.35 EPS. CoStar Group's revenue for the quarter was up 11.7% on a year-over-year basis. As a group, analysts forecast that CoStar Group will post 0.44 earnings per share for the current fiscal year.

Institutional Investors Weigh In On CoStar Group

Institutional investors and hedge funds have recently made changes to their positions in the stock. Checchi Capital Advisers LLC raised its holdings in shares of CoStar Group by 3.4% in the 4th quarter. Checchi Capital Advisers LLC now owns 3,658 shares of the technology company's stock valued at $320,000 after purchasing an additional 121 shares during the period. Axxcess Wealth Management LLC increased its position in CoStar Group by 4.6% during the fourth quarter. Axxcess Wealth Management LLC now owns 2,775 shares of the technology company's stock worth $243,000 after buying an additional 123 shares during the last quarter. KB Financial Partners LLC raised its stake in CoStar Group by 17.9% in the third quarter. KB Financial Partners LLC now owns 818 shares of the technology company's stock valued at $63,000 after buying an additional 124 shares during the period. Wealth Alliance lifted its position in shares of CoStar Group by 3.0% in the fourth quarter. Wealth Alliance now owns 4,539 shares of the technology company's stock valued at $397,000 after buying an additional 132 shares during the last quarter. Finally, Keybank National Association OH boosted its stake in shares of CoStar Group by 0.6% during the 3rd quarter. Keybank National Association OH now owns 21,159 shares of the technology company's stock worth $1,627,000 after acquiring an additional 133 shares during the period. Institutional investors 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.