CoStar Group (NASDAQ:CSGP) had its price objective increased by SunTrust Banks to $650.00 in a report issued on Wednesday morning, The Fly reports. They currently have a buy rating on the technology company’s stock.

A number of other brokerages have also issued reports on CSGP. BidaskClub upgraded shares of Westport Fuel Systems from a hold rating to a buy rating in a research note on Friday, July 12th. Citigroup boosted their price target on shares of BRP from C$49.00 to C$54.00 in a research note on Wednesday. Needham & Company LLC set a $46.00 price target on shares of Boston Scientific and gave the stock a buy rating in a research note on Wednesday. Wells Fargo & Co upped their target price on shares of Twitter from $33.00 to $40.00 and gave the stock a market perform rating in a research report on Wednesday, April 24th. Finally, JMP Securities upped their target price on shares of Discover Financial Services from $90.00 to $92.00 and gave the stock a market outperform rating in a research report on Wednesday. One equities research analyst has rated the stock with a sell rating, one has given a hold rating and ten have assigned a buy rating to the company. The company has a consensus rating of Buy and a consensus price target of $621.60.

Shares of CoStar Group stock traded up $5.27 on Wednesday, reaching $634.26. 229,759 shares of the stock were exchanged, compared to its average volume of 274,130. CoStar Group has a 1-year low of $315.85 and a 1-year high of $636.47. The stock’s fifty day simple moving average is $566.56. The firm has a market capitalization of $23.18 billion, a price-to-earnings ratio of 85.71, a PEG ratio of 4.70 and a beta of 1.34.

CoStar Group (NASDAQ:CSGP) last issued its quarterly earnings results on Tuesday, July 23rd. The technology company reported $1.95 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.73 by $0.22. CoStar Group had a net margin of 22.48% and a return on equity of 10.42%. The business had revenue of $343.76 million for the quarter, compared to analyst estimates of $336.71 million. During the same period in the previous year, the business posted $1.05 earnings per share. The business’s revenue was up 15.7% compared to the same quarter last year. On average, sell-side analysts forecast that CoStar Group will post 9.01 EPS for the current year.

In other CoStar Group news, Director John W. Hill sold 315 shares of the company’s stock in a transaction dated Monday, June 24th. The shares were sold at an average price of $553.23, for a total transaction of $174,267.45. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. Corporate insiders own 2.14% of the company’s stock.

Hedge funds have recently added to or reduced their stakes in the company. D. E. Shaw & Co. Inc. grew its position in shares of CoStar Group by 312.0% in the fourth quarter. D. E. Shaw & Co. Inc. now owns 9,540 shares of the technology company’s stock valued at $3,218,000 after purchasing an additional 14,040 shares during the last quarter. American Century Companies Inc. grew its position in shares of CoStar Group by 124.5% in the fourth quarter. American Century Companies Inc. now owns 481,418 shares of the technology company’s stock valued at $162,402,000 after purchasing an additional 266,965 shares during the last quarter. Sciencast Management LP acquired a new stake in shares of CoStar Group in the first quarter valued at approximately $1,865,000. Public Employees Retirement System of Ohio grew its position in shares of CoStar Group by 6.8% in the fourth quarter. Public Employees Retirement System of Ohio now owns 49,998 shares of the technology company’s stock valued at $16,866,000 after purchasing an additional 3,195 shares during the last quarter. Finally, Amundi Pioneer Asset Management Inc. grew its position in shares of CoStar Group by 3.3% in the first quarter. Amundi Pioneer Asset Management Inc. now owns 125,031 shares of the technology company’s stock valued at $58,317,000 after purchasing an additional 3,996 shares during the last quarter. Institutional investors and hedge funds own 95.97% 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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