CoStar Group (NASDAQ:CSGP) Given Market Outperform Rating at JMP Securities

JMP Securities reaffirmed their market outperform rating on shares of CoStar Group (NASDAQ:CSGP) in a report released on Tuesday, Benzinga reports. JMP Securities currently has a $110.00 price target on the technology company’s stock.

Several other research analysts also recently issued reports on CSGP. Stephens reissued an overweight rating and set a $105.00 price objective on shares of CoStar Group in a research report on Wednesday, April 24th. Jefferies Financial Group lifted their target price on shares of CoStar Group from $85.00 to $95.00 and gave the company a hold rating in a report on Friday, April 12th. William Blair reaffirmed an outperform rating on shares of CoStar Group in a report on Wednesday, April 24th. Keefe, Bruyette & Woods lifted their target price on shares of CoStar Group from $96.00 to $109.00 and gave the company an outperform rating in a report on Wednesday, April 10th. Finally, Bank of America lifted their target price on shares of CoStar Group from $97.00 to $111.00 and gave the company a buy rating in a report on Monday, March 18th. Four investment analysts have rated the stock with a hold rating and twelve have given a buy rating to the company. According to data from MarketBeat, the company presently has a consensus rating of Moderate Buy and an average target price of $102.46.

CoStar Group Trading Down 0.6 %

Shares of CoStar Group stock opened at $72.73 on Tuesday. CoStar Group has a 1 year low of $67.35 and a 1 year high of $100.38. The company has a debt-to-equity ratio of 0.13, a quick ratio of 9.09 and a current ratio of 9.09. The company has a market capitalization of $29.70 billion, a P/E ratio of 99.63, a PEG ratio of 11.01 and a beta of 0.84. The company’s fifty day moving average is $85.02 and its two-hundred day moving average is $86.15.

CoStar Group (NASDAQ:CSGP) last issued its quarterly earnings data on Tuesday, April 23rd. The technology company reported $0.07 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.02 by $0.05. CoStar Group had a net margin of 11.64% and a return on equity of 4.95%. The company had revenue of $656.40 million for the quarter, compared to the consensus estimate of $649.27 million. Analysts forecast that CoStar Group will post 0.45 earnings per share for the current year.

Insiders Place Their Bets

In other CoStar Group news, CFO Scott T. Wheeler sold 122,736 shares of CoStar Group stock in a transaction dated Friday, April 26th. The shares were sold at an average price of $92.61, for a total transaction of $11,366,580.96. Following the completion of the transaction, the chief financial officer now owns 303,417 shares in the company, valued at $28,099,448.37. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. In other CoStar Group news, CFO Scott T. Wheeler sold 122,736 shares of CoStar Group stock in a transaction dated Friday, April 26th. The shares were sold at an average price of $92.61, for a total transaction of $11,366,580.96. Following the completion of the transaction, the chief financial officer now owns 303,417 shares in the company, valued at $28,099,448.37. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, insider Michael J. Desmarais sold 3,800 shares of CoStar Group stock in a transaction dated Friday, April 26th. The stock was sold at an average price of $92.67, for a total transaction of $352,146.00. Following the transaction, the insider now owns 64,087 shares of the company’s stock, valued at approximately $5,938,942.29. The disclosure for this sale can be found here. 1.57% of the stock is currently owned by company insiders.

Hedge Funds Weigh In On CoStar Group

Institutional investors have recently modified their holdings of the company. Benjamin F. Edwards & Company Inc. raised its position in shares of CoStar Group by 1,393.8% in the fourth quarter. Benjamin F. Edwards & Company Inc. now owns 12,189 shares of the technology company’s stock valued at $1,065,000 after buying an additional 11,373 shares during the last quarter. Deutsche Bank AG raised its position in shares of CoStar Group by 37.1% in the third quarter. Deutsche Bank AG now owns 739,725 shares of the technology company’s stock valued at $56,877,000 after buying an additional 200,183 shares during the last quarter. Harvest Fund Management Co. Ltd raised its position in shares of CoStar Group by 11.7% in the fourth quarter. Harvest Fund Management Co. Ltd now owns 3,589 shares of the technology company’s stock valued at $312,000 after buying an additional 376 shares during the last quarter. Simplicity Solutions LLC raised its position in shares of CoStar Group by 5.7% in the fourth quarter. Simplicity Solutions LLC now owns 7,971 shares of the technology company’s stock valued at $697,000 after buying an additional 431 shares during the last quarter. Finally, Cambridge Investment Research Advisors Inc. raised its position in shares of CoStar Group by 70.4% in the fourth quarter. Cambridge Investment Research Advisors Inc. now owns 60,163 shares of the technology company’s stock valued at $5,258,000 after buying an additional 24,866 shares during the last quarter. Institutional investors and hedge funds 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.