CoStar Group Inc (NASDAQ:CSGP) Director Christopher J. Nassetta sold 571 shares of the stock in a transaction on Monday, October 29th. The stock was sold at an average price of $349.67, for a total transaction of $199,661.57. The sale was disclosed in a filing with the SEC, which is available through this hyperlink.
Shares of CoStar Group stock traded down $1.13 during trading hours on Tuesday, reaching $347.83. The company’s stock had a trading volume of 724,700 shares, compared to its average volume of 221,002. CoStar Group Inc has a one year low of $283.11 and a one year high of $448.35. The firm has a market capitalization of $12.94 billion, a price-to-earnings ratio of 90.47, a price-to-earnings-growth ratio of 2.98 and a beta of 1.44.
CoStar Group (NASDAQ:CSGP) last released its quarterly earnings data on Tuesday, October 23rd. The technology company reported $2.16 earnings per share for the quarter, beating analysts’ consensus estimates of $2.08 by $0.08. CoStar Group had a net margin of 17.61% and a return on equity of 7.63%. The firm had revenue of $305.53 million for the quarter, compared to analyst estimates of $305.99 million. During the same period last year, the firm earned $1.41 earnings per share. The business’s quarterly revenue was up 23.4% compared to the same quarter last year. As a group, sell-side analysts forecast that CoStar Group Inc will post 7.13 earnings per share for the current fiscal year.
Several research analysts recently issued reports on the stock. BidaskClub lowered shares of CoStar Group from a “hold” rating to a “sell” rating in a research note on Saturday. Zacks Investment Research raised shares of CoStar Group from a “hold” rating to a “buy” rating and set a $401.00 price objective on the stock in a research note on Friday. Needham & Company LLC raised their price objective on shares of CoStar Group from $450.00 to $475.00 and gave the company a “buy” rating in a research note on Wednesday, July 25th. Citigroup raised their price objective on shares of CoStar Group from $425.00 to $490.00 and gave the company a “buy” rating in a research note on Wednesday, July 25th. They noted that the move was a valuation call. Finally, SunTrust Banks raised their price objective on shares of CoStar Group to $475.00 and gave the company a “buy” rating in a research note on Wednesday, July 25th. Two investment analysts have rated the stock with a sell rating and eleven have assigned a buy rating to the stock. The stock currently has an average rating of “Buy” and an average price target of $433.82.
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.
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