CoStar Group (NASDAQ:CSGP) Downgraded by BidaskClub to Buy
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.
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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