CoStar Group (NASDAQ:CSGP) Given Daily Media Sentiment Score of 0.17

News articles about CoStar Group (NASDAQ:CSGP) have trended somewhat positive this week, Accern Sentiment reports. The research firm identifies positive and negative press coverage by monitoring more than twenty million news and blog sources in real-time. Accern ranks coverage of publicly-traded companies on a scale of negative one to positive one, with scores closest to one being the most favorable. CoStar Group earned a news impact score of 0.17 on Accern’s scale. Accern also gave headlines about the technology company an impact score of 46.8619117544261 out of 100, indicating that recent press coverage is somewhat unlikely to have an impact on the company’s share price in the next few days.

CSGP has been the subject of a number of recent analyst reports. Citigroup reaffirmed a “buy” rating and set a $425.00 price target (up from $320.00) on shares of CoStar Group in a report on Tuesday, January 23rd. Wells Fargo set a $400.00 price target on CoStar Group and gave the stock a “buy” rating in a research report on Thursday, January 18th. B. Riley lifted their price target on CoStar Group to $400.00 in a research note on Tuesday, February 20th. BidaskClub raised CoStar Group from a “hold” rating to a “buy” rating in a research report on Thursday, January 11th. Finally, JPMorgan Chase & Co. downgraded 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, nine have issued a buy rating and one has issued a strong buy rating to the company. The stock presently has an average rating of “Buy” and an average price target of $380.10.

CoStar Group stock traded down $3.48 during midday trading on Thursday, reaching $370.25. The company had a trading volume of 15,954 shares, compared to its average volume of 230,434. The firm has a market capitalization of $13,564.39, a P/E ratio of 95.62, a price-to-earnings-growth ratio of 3.59 and a beta of 1.61. CoStar Group has a 1-year low of $197.55 and a 1-year high of $378.57.

CoStar Group (NASDAQ:CSGP) last announced 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 net margin of 12.71% and a return on equity of 6.75%. The business had revenue of $253.99 million for the quarter, compared to analysts’ expectations of $253.74 million. During the same quarter last year, the firm earned $1.29 EPS. The firm’s revenue for the quarter was up 16.3% compared to the same quarter last year. research analysts forecast that CoStar Group will post 6.25 EPS for the current year.

In other news, VP Francis Carchedi sold 12,100 shares of CoStar Group stock in a transaction on Wednesday, March 7th. The shares were sold at an average price of $356.09, for a total transaction of $4,308,689.00. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Also, VP Matthew Linnington sold 7,921 shares of CoStar Group stock in a transaction on Friday, March 2nd. The stock was sold at an average price of $348.23, for a total transaction of $2,758,329.83. The disclosure for this sale can be found here. Insiders sold a total of 21,271 shares of company stock valued at $7,509,131 over the last quarter. 3.09% of the stock is owned by company insiders.

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CoStar Group Company Profile

CoStar Group, Inc provides information, analytics, and online marketplace to the commercial real estate industry in North America and internationally. The company offers CoStar Property Professional service that provides inventory of office, industrial, retail, and multifamily properties and land. It also provides CoStar COMPS Professional, which covers comparable commercial real estate sales information; CoStar Tenant, an online business-to-business prospecting and analytical tool; CoStarGo, an iPad and Android application; CoStar Lease Comps, an integrated solution that captures, manages, maintains, and analyzes lease data; CoStar Advertising to market a space for lease or a property for sale; and CoStar Portfolio Strategy to meet the research needs of commercial real estate owners, investors, lenders, and government regulators.

Insider Buying and Selling by Quarter for CoStar Group (NASDAQ:CSGP)

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