CoStar Group (NASDAQ:CSGP – Free Report) had its target price lifted by Citigroup from $90.00 to $97.00 in a report published on Wednesday morning, Briefing.com reports. Citigroup currently has a buy rating on the technology company’s stock.
A number of other analysts also recently issued reports on CSGP. Needham & Company LLC lifted their price target on CoStar Group from $80.00 to $105.00 and gave the company a buy rating in a research report on Monday, December 18th. BMO Capital Markets boosted their target price on CoStar Group from $74.00 to $84.00 and gave the stock a market perform rating in a research report on Wednesday, December 13th. JPMorgan Chase & Co. dropped their target price on CoStar Group from $114.00 to $104.00 and set an overweight rating for the company in a research report on Wednesday, October 25th. The Goldman Sachs Group restated a buy rating and issued a $98.00 target price on shares of CoStar Group in a research report on Monday, December 18th. Finally, Truist Financial dropped their target price on CoStar Group from $100.00 to $85.00 and set a buy rating for the company in a research report on Wednesday, October 25th. Three investment analysts have rated the stock with a hold rating and eight have issued a buy rating to the company. Based on data from MarketBeat.com, the stock currently has a consensus rating of Moderate Buy and a consensus price target of $94.82.
CoStar Group Stock Performance
Insider Buying and Selling at CoStar Group
In other news, Director John W. Hill sold 3,020 shares of the business’s stock in a transaction that occurred on Tuesday, November 28th. The stock was sold at an average price of $84.07, for a total transaction of $253,891.40. Following the transaction, the director now directly owns 17,870 shares of the company’s stock, valued at $1,502,330.90. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link. Corporate insiders own 1.58% of the company’s stock.
Hedge Funds Weigh In On CoStar Group
Several hedge funds have recently made changes to their positions in CSGP. Norges Bank purchased a new position in shares of CoStar Group during the fourth quarter valued at approximately $406,934,000. Mackenzie Financial Corp grew its stake in CoStar Group by 343.8% in the first quarter. Mackenzie Financial Corp now owns 2,913,586 shares of the technology company’s stock worth $194,074,000 after purchasing an additional 2,257,140 shares during the period. Brown Advisory Inc. grew its stake in CoStar Group by 55.9% in the second quarter. Brown Advisory Inc. now owns 4,284,245 shares of the technology company’s stock worth $381,298,000 after purchasing an additional 1,536,162 shares during the period. Capital International Investors purchased a new stake in CoStar Group in the first quarter worth $101,893,000. Finally, Renaissance Technologies LLC purchased a new stake in CoStar Group in the first quarter worth $94,633,000. 96.53% of the stock is owned by hedge funds and other institutional investors.
About CoStar Group
CoStar Group, Inc provides information, analytics, and online marketplace services to the commercial real estate, hospitality, residential, and related professionals industries in the United States, Canada, Europe, the Asia Pacific, and Latin America. The company offers CoStar Property that provides inventory of office, industrial, retail, multifamily, hospitality, and student housing properties and land; CoStar Sales, a robust database of comparable commercial real estate sales transactions; CoStar Market Analytics to view and report on aggregated market and submarket trends; and CoStar Tenant, an online business-to-business prospecting and analytical tool that provides tenant information.
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