CoStar Group (CSGP) Expected to Announce Earnings on Tuesday

CoStar Group (NASDAQ:CSGP) will likely be posting its quarterly earnings results after the market closes on Tuesday, February 18th. Analysts expect CoStar Group to post earnings of $0.22 per share and revenue of $703.00 million for the quarter. Parties that are interested in registering for the company’s conference call can do so using this link.

CoStar Group Stock Down 0.4 %

Shares of CoStar Group stock opened at $76.97 on Tuesday. The stock has a 50-day moving average price of $74.31 and a 200 day moving average price of $75.49. The company has a current ratio of 9.63, a quick ratio of 9.63 and a debt-to-equity ratio of 0.13. CoStar Group has a 1 year low of $68.26 and a 1 year high of $100.38. The company has a market cap of $31.55 billion, a P/E ratio of 174.94 and a beta of 0.87.

Insider Activity at CoStar Group

In related news, insider Michael J. Desmarais sold 5,500 shares of the firm’s stock in a transaction dated Tuesday, November 26th. The shares were sold at an average price of $79.88, for a total value of $439,340.00. Following the completion of the sale, 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 position. The sale was disclosed in a document filed with the SEC, which is accessible through the SEC website. 1.57% of the stock is owned by insiders.

Analysts Set New Price Targets

A number of research firms have issued reports on CSGP. Citigroup reduced their target price on shares of CoStar Group from $90.00 to $88.00 and set a “buy” rating for the company in a research note on Tuesday, January 14th. Royal Bank of Canada reiterated a “sector perform” rating and issued a $83.00 target price on shares of CoStar Group in a research note on Friday, January 10th. Wells Fargo & Company assumed coverage on shares of CoStar Group in a research report on Wednesday, February 5th. They issued an “underweight” rating and a $65.00 price target for the company. Keefe, Bruyette & Woods decreased their price objective on shares of CoStar Group from $96.00 to $93.00 and set an “outperform” rating on the stock in a research note on Tuesday, January 28th. Finally, JPMorgan Chase & Co. lowered their price target on shares of CoStar Group from $108.00 to $99.00 and set an “overweight” rating for the company in a research report on Wednesday, October 23rd. Two investment analysts have 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 MarketBeat, CoStar Group presently has a consensus rating of “Moderate Buy” and a consensus price target of $90.23.

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.