CoStar Group, Inc. (NASDAQ:CSGP – Get Free Report) was the recipient of a large growth in short interest in January. As of January 15th, there was short interest totalling 12,700,000 shares, a growth of 8.1% from the December 31st total of 11,750,000 shares. Based on an average trading volume of 2,840,000 shares, the short-interest ratio is currently 4.5 days.
Analyst Ratings Changes
Several equities analysts have recently issued reports on CSGP shares. JMP Securities reiterated a “market outperform” rating and set a $90.00 price target on shares of CoStar Group in a research report on Monday, December 16th. Royal Bank of Canada restated a “sector perform” rating and issued a $83.00 target price on shares of CoStar Group in a report on Friday, January 10th. StockNews.com cut CoStar Group from a “hold” rating to a “sell” rating in a report on Wednesday, January 15th. BMO Capital Markets decreased their target price on CoStar Group from $78.00 to $75.00 and set a “market perform” rating on the stock in a report on Thursday, October 24th. Finally, William Blair restated an “outperform” rating on shares of CoStar Group in a report on Monday, January 6th. One equities research analyst has rated the stock with a sell rating, three have assigned a hold rating and ten have given a buy rating to the stock. Based on data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and a consensus target price of $92.33.
Read Our Latest Stock Report on CoStar Group
Insider Buying and Selling at CoStar Group
Institutional Trading of CoStar Group
A number of institutional investors have recently bought and sold shares of CSGP. ORG Partners LLC boosted its position in CoStar Group by 534.8% during the fourth quarter. ORG Partners LLC now owns 419 shares of the technology company’s stock valued at $30,000 after purchasing an additional 353 shares during the last quarter. Harel Insurance Investments & Financial Services Ltd. acquired a new stake in shares of CoStar Group in the fourth quarter worth about $32,000. E Fund Management Hong Kong Co. Ltd. lifted its position in shares of CoStar Group by 17,100.0% in the fourth quarter. E Fund Management Hong Kong Co. Ltd. now owns 516 shares of the technology company’s stock worth $37,000 after buying an additional 513 shares during the last quarter. Ashton Thomas Securities LLC acquired a new stake in shares of CoStar Group in the third quarter worth about $40,000. Finally, Centricity Wealth Management LLC acquired a new stake in shares of CoStar Group in the fourth quarter worth about $40,000. Institutional investors and hedge funds own 96.60% of the company’s stock.
CoStar Group Price Performance
CSGP opened at $76.80 on Tuesday. The stock has a market cap of $31.48 billion, a price-to-earnings ratio of 174.55 and a beta of 0.87. CoStar Group has a 1 year low of $68.26 and a 1 year high of $100.38. The company has a current ratio of 9.63, a quick ratio of 9.63 and a debt-to-equity ratio of 0.13. The stock has a fifty day moving average price of $74.67 and a 200 day moving average price of $75.41.
CoStar Group Company Profile
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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