CoStar Group (NASDAQ:CSGP) Downgraded by StockNews.com

StockNews.com downgraded shares of CoStar Group (NASDAQ:CSGP) from a hold rating to a sell rating in a report published on Monday morning.

Other analysts have also recently issued research reports about the company. Bank of America reduced their price objective on CoStar Group from $111.00 to $89.00 and set a buy rating for the company in a research report on Monday, July 22nd. The Goldman Sachs Group reduced their price objective on CoStar Group from $108.00 to $93.00 and set a buy rating for the company in a research report on Wednesday, July 24th. BMO Capital Markets upped their price objective on CoStar Group from $84.00 to $88.00 and gave the company a market perform rating in a research report on Thursday, April 25th. Needham & Company LLC restated a buy rating and issued a $107.00 price target on shares of CoStar Group in a research report on Wednesday, July 24th. Finally, Jefferies Financial Group upped their price target on CoStar Group from $85.00 to $95.00 and gave the stock a hold rating in a research report on Friday, April 12th. One equities research analyst has rated the stock with a sell rating, three have assigned a hold rating and twelve have given a buy rating to the company. Based on data from MarketBeat.com, CoStar Group has a consensus rating of Moderate Buy and a consensus target price of $96.08.

CoStar Group Stock Down 1.1 %

CSGP stock opened at $77.14 on Monday. CoStar Group has a 1-year low of $67.35 and a 1-year high of $100.38. The business has a fifty day moving average price of $76.11 and a 200-day moving average price of $83.85. The company has a debt-to-equity ratio of 0.13, a current ratio of 9.27 and a quick ratio of 9.27. The stock has a market capitalization of $31.61 billion, a P/E ratio of 105.67, a P/E/G ratio of 11.65 and a beta of 0.81.

CoStar Group (NASDAQ:CSGP) last posted its quarterly earnings results on Tuesday, July 23rd. The technology company reported $0.15 earnings per share for the quarter, topping the consensus estimate of $0.09 by $0.06. The firm had revenue of $677.80 million during the quarter, compared to analysts’ expectations of $677.18 million. CoStar Group had a return on equity of 3.99% and a net margin of 8.19%. The company’s revenue was up 11.9% on a year-over-year basis. During the same quarter in the previous year, the business earned $0.27 earnings per share. Equities analysts forecast that CoStar Group will post 0.49 earnings per share for the current fiscal year.

Insider Transactions at CoStar Group

In other CoStar Group news, Director John W. Hill 1,325 shares of the company’s stock in a transaction that occurred on Tuesday, July 30th. The was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Corporate insiders own 1.57% of the company’s stock.

Institutional Investors Weigh In On CoStar Group

Several institutional investors have recently modified their holdings of the stock. Vanguard Group Inc. lifted its stake in shares of CoStar Group by 0.8% in the 1st quarter. Vanguard Group Inc. now owns 65,451,499 shares of the technology company’s stock valued at $6,322,615,000 after purchasing an additional 541,700 shares during the last quarter. Janus Henderson Group PLC raised its holdings in shares of CoStar Group by 17.7% in the first quarter. Janus Henderson Group PLC now owns 11,808,027 shares of the technology company’s stock worth $1,140,650,000 after buying an additional 1,773,564 shares during the period. Bank of New York Mellon Corp raised its holdings in shares of CoStar Group by 2.1% in the second quarter. Bank of New York Mellon Corp now owns 6,117,260 shares of the technology company’s stock worth $453,534,000 after buying an additional 124,761 shares during the period. Norges Bank purchased a new stake in shares of CoStar Group in the fourth quarter worth approximately $406,934,000. Finally, Blair William & Co. IL raised its holdings in shares of CoStar Group by 0.6% in the first quarter. Blair William & Co. IL now owns 4,419,778 shares of the technology company’s stock worth $426,951,000 after buying an additional 26,800 shares during the period. 96.60% of the stock is owned by institutional investors.

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.