CoStar Group (NASDAQ:CSGP) Given “Outperform” Rating at William Blair

William Blair reaffirmed their outperform rating on shares of CoStar Group (NASDAQ:CSGP) in a research report sent to investors on Wednesday morning, RTT News reports.

CSGP has been the topic of a number of other research reports. Needham & Company LLC boosted their price target on shares of CoStar Group from $90.00 to $107.00 and gave the stock a buy rating in a research report on Wednesday. JMP Securities restated a market outperform rating and issued a $110.00 price target on shares of CoStar Group in a research report on Friday, April 12th. Royal Bank of Canada boosted their price target on shares of CoStar Group from $95.00 to $109.00 and gave the stock an outperform rating in a research report on Monday, March 25th. The Goldman Sachs Group boosted their price target on shares of CoStar Group from $96.00 to $107.00 and gave the stock a buy rating in a research report on Wednesday, March 20th. Finally, Bank of America boosted their target price on shares of CoStar Group from $97.00 to $111.00 and gave the company a buy rating in a research report on Monday, March 18th. Four research analysts have rated the stock with a hold rating and twelve have issued a buy rating to the stock. Based on data from MarketBeat.com, the stock currently has a consensus rating of Moderate Buy and a consensus target price of $102.15.

CoStar Group Trading Up 8.7 %

CSGP opened at $91.95 on Wednesday. CoStar Group has a fifty-two week low of $67.35 and a fifty-two week high of $100.38. The company has a debt-to-equity ratio of 0.13, a current ratio of 12.01 and a quick ratio of 12.01. The firm has a market capitalization of $37.55 billion, a price-to-earnings ratio of 125.96, a PEG ratio of 9.73 and a beta of 0.84. The company’s 50 day moving average price is $89.40 and its two-hundred day moving average price is $84.64.

CoStar Group (NASDAQ:CSGP) last issued its quarterly earnings results on Tuesday, February 20th. The technology company reported $0.33 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.32 by $0.01. The firm had revenue of $640.00 million for the quarter, compared to the consensus estimate of $634.27 million. CoStar Group had a net margin of 11.64% and a return on equity of 4.97%. The company’s revenue for the quarter was up 11.7% on a year-over-year basis. During the same quarter in the previous year, the company earned $0.35 EPS. As a group, research analysts predict that CoStar Group will post 0.44 earnings per share for the current year.

Institutional Trading of CoStar Group

A number of hedge funds and other institutional investors have recently bought and sold shares of the business. Checchi Capital Advisers LLC increased its stake in CoStar Group by 3.4% during the 4th quarter. Checchi Capital Advisers LLC now owns 3,658 shares of the technology company’s stock valued at $320,000 after purchasing an additional 121 shares in the last quarter. Axxcess Wealth Management LLC grew its stake in shares of CoStar Group by 4.6% in the 4th quarter. Axxcess Wealth Management LLC now owns 2,775 shares of the technology company’s stock worth $243,000 after acquiring an additional 123 shares in the last quarter. KB Financial Partners LLC grew its stake in shares of CoStar Group by 17.9% in the 3rd quarter. KB Financial Partners LLC now owns 818 shares of the technology company’s stock worth $63,000 after acquiring an additional 124 shares in the last quarter. Wealth Alliance grew its stake in shares of CoStar Group by 3.0% in the 4th quarter. Wealth Alliance now owns 4,539 shares of the technology company’s stock worth $397,000 after acquiring an additional 132 shares in the last quarter. Finally, Keybank National Association OH grew its stake in shares of CoStar Group by 0.6% in the 3rd quarter. Keybank National Association OH now owns 21,159 shares of the technology company’s stock worth $1,627,000 after acquiring an additional 133 shares in the last quarter. Institutional investors 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.