Brokerages Set CoStar Group, Inc. (NASDAQ:CSGP) Target Price at $90.23

Shares of CoStar Group, Inc. (NASDAQ:CSGP) have been given a consensus rating of “Moderate Buy” by the fourteen analysts that are currently covering the firm, Marketbeat.com reports. One equities research analyst has rated the stock with a sell rating, three have assigned a hold rating and ten have issued a buy rating on the company. The average 12-month price objective among analysts that have covered the stock in the last year is $90.23.

A number of analysts recently weighed in on CSGP shares. BMO Capital Markets lowered their price target on shares of CoStar Group from $78.00 to $75.00 and set a “market perform” rating for the company in a report on Thursday, October 24th. Keefe, Bruyette & Woods dropped their target price on CoStar Group from $96.00 to $93.00 and set an “outperform” rating for the company in a research report on Tuesday, January 28th. StockNews.com lowered CoStar Group from a “hold” rating to a “sell” rating in a research note on Wednesday, January 15th. Citigroup lowered their price objective on CoStar Group from $90.00 to $88.00 and set a “buy” rating for the company in a research report on Tuesday, January 14th. Finally, JMP Securities restated a “market outperform” rating and set a $90.00 target price on shares of CoStar Group in a research report on Monday, December 16th.

Insider Buying and Selling at CoStar Group

In other news, insider Michael J. Desmarais sold 5,500 shares of the business’s stock in a transaction that occurred on Tuesday, November 26th. The stock was sold at an average price of $79.88, for a total value of $439,340.00. Following the sale, the insider now directly owns 58,798 shares of the company’s stock, valued at $4,696,784.24. The trade was a 8.55 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is available through the SEC website. Corporate insiders own 1.57% of the company’s stock.

Hedge Funds Weigh In On CoStar Group

Several hedge funds and other institutional investors have recently bought and sold shares of the stock. Czech National Bank increased its holdings in CoStar Group by 7.3% in the 3rd quarter. Czech National Bank now owns 83,484 shares of the technology company’s stock worth $6,298,000 after acquiring an additional 5,671 shares in the last quarter. GAMMA Investing LLC increased its stake in shares of CoStar Group by 90.5% in the third quarter. GAMMA Investing LLC now owns 4,583 shares of the technology company’s stock worth $346,000 after purchasing an additional 2,177 shares in the last quarter. Diversified Trust Co raised its position in shares of CoStar Group by 27.8% during the 3rd quarter. Diversified Trust Co now owns 3,488 shares of the technology company’s stock valued at $263,000 after purchasing an additional 758 shares during the period. Atomi Financial Group Inc. purchased a new position in shares of CoStar Group during the 3rd quarter valued at $494,000. Finally, UMB Bank n.a. boosted its holdings in CoStar Group by 3,803.5% in the 3rd quarter. UMB Bank n.a. now owns 77,875 shares of the technology company’s stock worth $5,875,000 after buying an additional 75,880 shares during the period. Institutional investors own 96.60% of the company’s stock.

CoStar Group Stock Performance

NASDAQ CSGP opened at $77.25 on Friday. CoStar Group has a 52-week low of $68.26 and a 52-week high of $100.38. The firm has a market capitalization of $31.67 billion, a price-to-earnings ratio of 175.57 and a beta of 0.87. The company’s fifty day moving average is $74.31 and its two-hundred day moving average is $75.49. The company has a debt-to-equity ratio of 0.13, a current ratio of 9.63 and a quick ratio of 9.63.

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.