BidaskClub cut shares of CoStar Group (NASDAQ:CSGP) from a strong-buy rating to a buy rating in a research report released on Tuesday morning, BidAskClub reports.

A number of other equities research analysts also recently weighed in on CSGP. Zacks Investment Research raised CoStar Group from a hold rating to a buy rating and set a $605.00 price objective on the stock in a report on Friday, June 7th. Needham & Company LLC lifted their price objective on CoStar Group from $500.00 to $600.00 and gave the company a buy rating in a report on Wednesday, April 24th. Bank of America lifted their price objective on CoStar Group from $460.00 to $550.00 and gave the company a buy rating in a report on Wednesday, April 24th. Wells Fargo & Co lifted their price objective on CoStar Group from $500.00 to $550.00 and gave the company an outperform rating in a report on Wednesday, April 24th. Finally, B. Riley lifted their price objective on CoStar Group from $460.00 to $512.00 and gave the company a buy rating in a report on Wednesday, February 27th. One equities research analyst has rated the stock with a sell rating, one has given a hold rating and eight have given a buy rating to the company. The company has a consensus rating of Buy and an average price target of $545.50.

NASDAQ CSGP opened at $544.78 on Tuesday. The company has a market cap of $19.91 billion, a price-to-earnings ratio of 73.62, a P/E/G ratio of 3.58 and a beta of 1.34. CoStar Group has a 1-year low of $315.85 and a 1-year high of $555.10.

CoStar Group (NASDAQ:CSGP) last released its quarterly earnings data on Tuesday, April 23rd. The technology company reported $2.28 earnings per share for the quarter, beating analysts’ consensus estimates of $2.17 by $0.11. The company had revenue of $328.00 million for the quarter, compared to the consensus estimate of $327.45 million. CoStar Group had a return on equity of 10.09% and a net margin of 21.76%. The company’s quarterly revenue was up 19.7% on a year-over-year basis. During the same period in the previous year, the business earned $1.44 earnings per share. Equities research analysts predict that CoStar Group will post 9 EPS for the current fiscal year.

Large investors have recently bought and sold shares of the company. Berman Capital Advisors LLC bought a new position in CoStar Group in the 4th quarter worth approximately $28,000. Executive Wealth Management LLC bought a new stake in shares of CoStar Group during the 4th quarter valued at $32,000. Rockefeller Capital Management L.P. bought a new stake in shares of CoStar Group during the 1st quarter valued at $38,000. Icon Wealth Partners LLC bought a new stake in shares of CoStar Group during the 1st quarter valued at $90,000. Finally, ETF Managers Group LLC raised its position in shares of CoStar Group by 17.7% during the 4th quarter. ETF Managers Group LLC now owns 365 shares of the technology company’s stock valued at $123,000 after acquiring an additional 55 shares during the last quarter. Institutional investors own 96.06% of the company’s stock.

CoStar Group Company Profile

CoStar Group, Inc provides information, analytics, and online marketplaces to the commercial real estate industry in the United States and the United Kingdom. The company offers CoStar Property Professional service that offers inventory of office, industrial, retail, and multifamily properties and land.

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Analyst Recommendations for CoStar Group (NASDAQ:CSGP)

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