CoStar Group’s (CSGP) Overweight Rating Reaffirmed at Stephens

Stephens restated their overweight rating on shares of CoStar Group (NASDAQ:CSGP) in a report published on Wednesday morning,Benzinga reports. Stephens currently has a $103.00 price objective on the technology company’s stock.

A number of other equities analysts have also recently weighed in on CSGP. JMP Securities reiterated a “market outperform” rating and set a $90.00 price target on shares of CoStar Group in a report on Monday, December 16th. JPMorgan Chase & Co. decreased their target price on shares of CoStar Group from $108.00 to $99.00 and set an “overweight” rating on the stock in a research report on Wednesday, October 23rd. Keefe, Bruyette & Woods dropped their price target on shares of CoStar Group from $96.00 to $93.00 and set an “outperform” rating for the company in a research report on Tuesday. Royal Bank of Canada restated a “sector perform” rating and issued a $83.00 price objective on shares of CoStar Group in a report on Friday, January 10th. Finally, Citigroup dropped their target price on shares of CoStar Group from $90.00 to $88.00 and set a “buy” rating for the company in a report on Tuesday, January 14th. One research analyst has rated the stock with a sell rating, three have issued a hold rating and ten have given a buy rating to the company’s stock. According to MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and an average price target of $92.33.

CoStar Group Trading Down 0.6 %

CSGP opened at $75.65 on Wednesday. The stock has a market capitalization of $31.01 billion, a PE ratio of 171.94 and a beta of 0.85. CoStar Group has a one year low of $68.26 and a one year high of $100.38. The company has a debt-to-equity ratio of 0.13, a quick ratio of 9.63 and a current ratio of 9.63. The business’s 50 day moving average price is $74.76 and its 200 day moving average price is $75.41.

Insiders Place Their Bets

In related news, insider Michael J. Desmarais sold 5,500 shares of CoStar Group stock in a transaction 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 completion of the transaction, the insider now directly owns 58,798 shares in the company, valued at approximately $4,696,784.24. This trade represents a 8.55 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Insiders own 1.57% of the company’s stock.

Institutional Investors Weigh In On CoStar Group

Hedge funds have recently bought and sold shares of the stock. Bleakley Financial Group LLC increased its stake in shares of CoStar Group by 1.6% during the third quarter. Bleakley Financial Group LLC now owns 8,638 shares of the technology company’s stock worth $652,000 after buying an additional 138 shares during the period. Moran Wealth Management LLC increased its position in shares of CoStar Group by 2.0% in the 3rd quarter. Moran Wealth Management LLC now owns 8,027 shares of the technology company’s stock valued at $606,000 after purchasing an additional 161 shares during the last quarter. Dynamic Technology Lab Private Ltd increased its position in shares of CoStar Group by 1.1% in the 3rd quarter. Dynamic Technology Lab Private Ltd now owns 19,133 shares of the technology company’s stock valued at $1,443,000 after purchasing an additional 209 shares during the last quarter. Bell Bank raised its holdings in shares of CoStar Group by 1.3% in the 3rd quarter. Bell Bank now owns 18,232 shares of the technology company’s stock valued at $1,375,000 after purchasing an additional 234 shares in the last quarter. Finally, Regatta Capital Group LLC lifted its position in shares of CoStar Group by 2.0% during the 3rd quarter. Regatta Capital Group LLC now owns 11,906 shares of the technology company’s stock worth $898,000 after purchasing an additional 239 shares during the last quarter. Institutional investors and hedge funds own 96.60% of the company’s stock.

CoStar Group Company Profile

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.