CoStar Group (NASDAQ:CSGP) Given New $780.00 Price Target at B. Riley

Share on StockTwits

CoStar Group (NASDAQ:CSGP) had its price objective lifted by B. Riley from $640.00 to $780.00 in a research note released on Thursday morning, BenzingaRatingsTable reports. The brokerage currently has a buy rating on the technology company’s stock.

A number of other equities analysts have also recently issued reports on the stock. Zacks Investment Research raised shares of CoStar Group from a sell rating to a hold rating in a research report on Friday, January 3rd. Wells Fargo & Co reissued a buy rating on shares of CoStar Group in a research report on Monday, December 9th. Stephens increased their price objective on shares of CoStar Group from $616.00 to $713.00 and gave the stock an overweight rating in a research report on Thursday, January 2nd. Needham & Company LLC reissued a buy rating and set a $825.00 price objective on shares of CoStar Group in a research report on Thursday. Finally, BidaskClub raised shares of CoStar Group from a buy rating to a strong-buy rating in a research report on Thursday, January 30th. One analyst has rated the stock with a sell rating, three have issued a hold rating, nine have assigned a buy rating and one has given a strong buy rating to the company. The stock has an average rating of Buy and a consensus price target of $679.33.

Shares of CSGP stock traded up $1.57 on Thursday, reaching $731.37. 213,907 shares of the company were exchanged, compared to its average volume of 243,879. The company has a market cap of $24.64 billion, a price-to-earnings ratio of 86.04, a PEG ratio of 5.05 and a beta of 1.36. The company has a 50-day moving average of $646.66 and a 200-day moving average of $606.57. CoStar Group has a one year low of $400.00 and a one year high of $746.70.

In related news, Director Laura Cox Kaplan sold 576 shares of the firm’s stock in a transaction dated Tuesday, November 19th. The shares were sold at an average price of $591.60, for a total value of $340,761.60. The sale was disclosed in a legal filing with the SEC, which is available at this hyperlink. 2.14% of the stock is currently owned by company insiders.

A number of hedge funds and other institutional investors have recently made changes to their positions in the stock. Allred Capital Management LLC purchased a new stake in CoStar Group in the 4th quarter valued at about $39,000. Signaturefd LLC increased its stake in CoStar Group by 103.1% in the 4th quarter. Signaturefd LLC now owns 65 shares of the technology company’s stock valued at $39,000 after buying an additional 33 shares during the last quarter. Lenox Wealth Advisors LLC purchased a new stake in CoStar Group in the 4th quarter valued at about $42,000. Advisory Services Network LLC increased its stake in CoStar Group by 109.2% in the 4th quarter. Advisory Services Network LLC now owns 136 shares of the technology company’s stock valued at $81,000 after buying an additional 71 shares during the last quarter. Finally, Manchester Financial Inc. purchased a new stake in CoStar Group in the 4th quarter valued at about $85,000. 93.88% of the stock is currently owned by institutional investors and hedge funds.

About CoStar Group

CoStar Group, Inc provides information, analytics, and online marketplaces to the commercial real estate industry in the United States and the United Kingdom. The company offers CoStar Property Professional service that offers inventory of office, industrial, retail, and multifamily properties and land.

See Also: What is Cost of Goods Sold (COGS)?

Analyst Recommendations for CoStar Group (NASDAQ:CSGP)

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.