CoStar Group, Inc. (CSGP) Coverage Initiated by Analysts at Goldman Sachs Group Inc

Research analysts at Goldman Sachs Group Inc started coverage on shares of CoStar Group, Inc. (NASDAQ:CSGP) in a report issued on Wednesday, November 8th, MarketBeat Ratings reports. The firm set a “buy” rating and a $359.00 price target on the technology company’s stock. Goldman Sachs Group Inc’s price target indicates a potential upside of 16.00% from the stock’s current price.

A number of other research firms have also issued reports on CSGP. BidaskClub lowered shares of CoStar Group from a “strong-buy” rating to a “buy” rating in a research report on Sunday, July 16th. Needham & Company LLC raised their price target on shares of CoStar Group from $275.00 to $300.00 and gave the stock a “buy” rating in a research report on Friday, July 28th. Zacks Investment Research lowered shares of CoStar Group from a “hold” rating to a “sell” rating in a research report on Wednesday, October 4th. B. Riley reissued a “buy” rating and set a $335.00 price target on shares of CoStar Group in a research report on Friday, July 28th. Finally, Stephens raised their price target on shares of CoStar Group from $300.00 to $350.00 and gave the stock an “overweight” rating in a research report on Monday, October 30th. One research analyst has rated the stock with a hold rating, seven have issued a buy rating and one has assigned a strong buy rating to the company. The stock has an average rating of “Buy” and a consensus target price of $332.75.

CoStar Group (CSGP) opened at $309.49 on Wednesday. The company has a market cap of $11,210.00, a P/E ratio of 77.74, a P/E/G ratio of 4.65 and a beta of 1.56. The company has a debt-to-equity ratio of 0.15, a current ratio of 3.96 and a quick ratio of 3.96. CoStar Group has a 1 year low of $179.21 and a 1 year high of $314.73.

CoStar Group (NASDAQ:CSGP) last announced its quarterly earnings data on Wednesday, October 25th. The technology company reported $1.41 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $1.13 by $0.28. CoStar Group had a net margin of 11.63% and a return on equity of 7.63%. The firm had revenue of $248.00 million during the quarter, compared to analyst estimates of $243.44 million. During the same period last year, the firm posted $1.11 EPS. CoStar Group’s revenue was up 16.4% on a year-over-year basis. research analysts anticipate that CoStar Group will post 3.98 earnings per share for the current fiscal year.

Several hedge funds and other institutional investors have recently modified their holdings of CSGP. Teachers Advisors LLC grew its stake in shares of CoStar Group by 5.0% during the 1st quarter. Teachers Advisors LLC now owns 31,023 shares of the technology company’s stock worth $6,429,000 after purchasing an additional 1,476 shares during the period. Dimensional Fund Advisors LP grew its stake in shares of CoStar Group by 7.4% during the 1st quarter. Dimensional Fund Advisors LP now owns 75,015 shares of the technology company’s stock worth $15,544,000 after purchasing an additional 5,189 shares during the period. Xact Kapitalforvaltning AB grew its stake in shares of CoStar Group by 10.1% during the 2nd quarter. Xact Kapitalforvaltning AB now owns 2,515 shares of the technology company’s stock worth $663,000 after purchasing an additional 230 shares during the period. Capstone Asset Management Co. acquired a new stake in shares of CoStar Group during the 2nd quarter worth approximately $211,000. Finally, GW&K Investment Management LLC grew its stake in shares of CoStar Group by 24.4% during the 2nd quarter. GW&K Investment Management LLC now owns 102,857 shares of the technology company’s stock worth $27,113,000 after purchasing an additional 20,162 shares during the period. 92.09% of the stock is currently owned by institutional investors and hedge funds.

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About CoStar Group

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.

Analyst Recommendations for CoStar Group (NASDAQ:CSGP)

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