News stories about CoStar Group (NASDAQ:CSGP) have been trending somewhat positive on Wednesday, Accern reports. Accern scores the sentiment of media coverage by reviewing more than 20 million blog and news sources. Accern ranks coverage of publicly-traded companies on a scale of negative one to one, with scores nearest to one being the most favorable. CoStar Group earned a coverage optimism score of 0.17 on Accern’s scale. Accern also gave news articles about the technology company an impact score of 46.8619117544261 out of 100, meaning that recent media coverage is somewhat unlikely to have an effect on the company’s share price in the near future.
These are some of the news articles that may have impacted Accern Sentiment’s scoring:
- Newmark Continues Aggressive Capital Markets, Valuation Team Expansion Following IPO Launch (bisnow.com)
- Bryan Voltaggio’s Aggio restaurant closes in Baltimore (bizjournals.com)
- Senior Housing Development Exceeds Demand (realtormag.realtor.org)
- CoStar Group Inc (CSGP) Given Average Rating of “Buy” by Analysts (americanbankingnews.com)
- CoStar Group Inc (CSGP) VP Francis Carchedi Sells 12,100 Shares (americanbankingnews.com)
CSGP has been the subject of several research analyst reports. Citigroup restated a “buy” rating and set a $425.00 price target (up from $320.00) on shares of CoStar Group in a research report on Tuesday, January 23rd. Wells Fargo & Co set a $400.00 price objective on CoStar Group and gave the company a “buy” rating in a research note on Thursday, January 18th. BidaskClub upgraded CoStar Group from a “hold” rating to a “buy” rating in a research note on Thursday, January 11th. B. Riley raised their price target on CoStar Group to $400.00 in a research note on Tuesday, February 20th. Finally, JPMorgan Chase & Co. cut CoStar Group from an “overweight” rating to an “underweight” rating and set a $325.00 target price on the stock. in a research report on Tuesday, December 12th. One research analyst has rated the stock with a sell rating and ten have assigned a buy rating to the stock. The company currently has an average rating of “Buy” and a consensus target price of $380.10.
CoStar Group (NASDAQ:CSGP) last issued its quarterly earnings results on Wednesday, February 21st. The technology company reported $1.25 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $1.24 by $0.01. CoStar Group had a return on equity of 6.75% and a net margin of 12.71%. The company had revenue of $253.99 million during the quarter, compared to the consensus estimate of $253.74 million. During the same period in the previous year, the firm posted $1.29 EPS. CoStar Group’s revenue was up 16.3% on a year-over-year basis. analysts expect that CoStar Group will post 6.25 earnings per share for the current year.
In other news, VP Matthew Linnington sold 7,921 shares of the company’s stock in a transaction dated Friday, March 2nd. The shares were sold at an average price of $348.23, for a total value of $2,758,329.83. The sale was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, VP Francis Carchedi sold 12,100 shares of the company’s stock in a transaction dated Wednesday, March 7th. The shares were sold at an average price of $356.09, for a total transaction of $4,308,689.00. The disclosure for this sale can be found here. Over the last three months, insiders sold 21,271 shares of company stock valued at $7,509,131. 3.09% of the stock is currently owned by corporate insiders.
COPYRIGHT VIOLATION WARNING: This article was posted by BBNS and is the sole property of of BBNS. If you are accessing this article on another domain, it was copied illegally and reposted in violation of U.S. & international trademark & copyright laws. The legal version of this article can be accessed at https://baseballnewssource.com/2018/03/14/somewhat-favorable-news-coverage-somewhat-unlikely-to-impact-costar-group-csgp-stock-price/1927313.html.
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.
Receive News & Ratings for CoStar Group Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for CoStar Group and related companies with MarketBeat.com's FREE daily email newsletter.