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

Stephens reiterated their overweight rating on shares of CoStar Group (NASDAQ:CSGP) in a research note released on Wednesday,Benzinga reports. The brokerage currently has a $103.00 target price on the technology company’s stock.

A number of other equities research analysts have also recently weighed in on the stock. Needham & Company LLC reissued a “buy” rating and issued a $100.00 price target on shares of CoStar Group in a research report on Monday, December 9th. Royal Bank of Canada reissued a “sector perform” rating and issued a $83.00 target price on shares of CoStar Group in a report on Friday, January 10th. JMP Securities reissued a “market outperform” rating and issued a $90.00 target price on shares of CoStar Group in a research report on Monday, December 16th. Citigroup cut their price target on CoStar Group from $90.00 to $88.00 and set a “buy” rating on the stock in a research report on Tuesday, January 14th. Finally, Keefe, Bruyette & Woods decreased their price objective on CoStar Group from $96.00 to $93.00 and set an “outperform” rating for the company in a report on Tuesday. One analyst has rated the stock with a sell rating, three have given a hold rating and ten have assigned a buy rating to the company’s stock. According to data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and a consensus target price of $92.33.

CoStar Group Stock Down 0.6 %

CSGP stock opened at $75.65 on Wednesday. The company’s 50 day moving average is $74.76 and its two-hundred day moving average is $75.41. CoStar Group has a twelve month low of $68.26 and a twelve month high of $100.38. The company has a current ratio of 9.63, a quick ratio of 9.63 and a debt-to-equity ratio of 0.13. The stock has a market cap of $31.01 billion, a P/E ratio of 171.94 and a beta of 0.85.

Insider Transactions at CoStar Group

In other news, insider Michael J. Desmarais sold 5,500 shares of the business’s stock in a transaction dated Tuesday, November 26th. The shares were sold at an average price of $79.88, for a total transaction of $439,340.00. Following the transaction, the insider now directly owns 58,798 shares in the company, valued at $4,696,784.24. The trade was a 8.55 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available through this link. Company insiders own 1.57% of the company’s stock.

Hedge Funds Weigh In On CoStar Group

Several institutional investors and hedge funds have recently added to or reduced their stakes in the business. Barclays PLC increased its holdings in shares of CoStar Group by 91.4% in the 3rd quarter. Barclays PLC now owns 2,249,188 shares of the technology company’s stock valued at $169,678,000 after purchasing an additional 1,073,793 shares in the last quarter. JPMorgan Chase & Co. increased its holdings in CoStar Group by 73.8% in the third quarter. JPMorgan Chase & Co. now owns 2,358,331 shares of the technology company’s stock valued at $177,913,000 after buying an additional 1,001,177 shares in the last quarter. State Street Corp increased its holdings in CoStar Group by 4.4% in the third quarter. State Street Corp now owns 17,059,744 shares of the technology company’s stock valued at $1,286,987,000 after buying an additional 722,153 shares in the last quarter. Point72 Asset Management L.P. acquired a new stake in shares of CoStar Group during the 3rd quarter valued at approximately $48,768,000. Finally, Icon Wealth Advisors LLC boosted its stake in shares of CoStar Group by 8,314.1% during the 3rd quarter. Icon Wealth Advisors LLC now owns 409,934 shares of the technology company’s stock worth $30,925,000 after acquiring an additional 405,062 shares in 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.