CoStar Group Inc (NASDAQ:CSGP) VP Francis Carchedi sold 12,100 shares of the business’s stock in a transaction dated Wednesday, March 7th. The shares were sold at an average price of $356.09, for a total value of $4,308,689.00. The sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink.
CoStar Group Inc (NASDAQ:CSGP) traded up $4.68 during mid-day trading on Friday, reaching $361.22. The company had a trading volume of 192,242 shares, compared to its average volume of 200,432. The company has a market cap of $12,869.21, a PE ratio of 99.78, a PEG ratio of 3.40 and a beta of 1.61. CoStar Group Inc has a fifty-two week low of $197.55 and a fifty-two week high of $361.67.
CoStar Group (NASDAQ:CSGP) last released its quarterly earnings results on Wednesday, February 21st. The technology company reported $1.25 earnings per share for the quarter, beating the consensus estimate of $1.24 by $0.01. The firm had revenue of $253.99 million for the quarter, compared to analysts’ expectations of $253.74 million. CoStar Group had a return on equity of 6.75% and a net margin of 12.71%. The company’s revenue was up 16.3% compared to the same quarter last year. During the same period in the prior year, the firm earned $1.29 EPS. research analysts forecast that CoStar Group Inc will post 6.25 EPS for the current fiscal year.
A number of brokerages recently issued reports on CSGP. BidaskClub upgraded CoStar Group from a “buy” rating to a “strong-buy” rating in a report on Monday, February 5th. SunTrust Banks upped their price target on CoStar Group to $410.00 and gave the stock a “buy” rating in a research note on Monday, February 5th. Zacks Investment Research upgraded CoStar Group from a “hold” rating to a “buy” rating and set a $375.00 price target on the stock in a research note on Thursday, February 8th. Wells Fargo & Co set a $400.00 price objective on CoStar Group and gave the company a “buy” rating in a research report on Thursday, January 18th. Finally, Needham & Company LLC upped their price objective on CoStar Group to $350.00 and gave the company a “buy” rating in a research report on Tuesday, December 19th. One research analyst has rated the stock with a sell rating and ten have issued a buy rating to the stock. The company currently has a consensus rating of “Buy” and an average price target of $380.10.
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CoStar Group Company Profile
CoStar Group, Inc (CoStar) is a provider of information, analytics and online marketplaces to the commercial real estate and related business community through its database of commercial real estate information covering the United States, the United Kingdom, and parts of Canada, Spain, Germany and France.
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