Equities Analysts Offer Predictions for CoStar Group Inc’s FY2018 Earnings (CSGP)

CoStar Group Inc (NASDAQ:CSGP) – Stock analysts at B. Riley lifted their FY2018 earnings per share (EPS) estimates for CoStar Group in a report issued on Wednesday, October 24th. B. Riley analyst M. Crawford now forecasts that the technology company will post earnings of $7.14 per share for the year, up from their prior estimate of $6.96. B. Riley currently has a “Buy” rating and a $460.00 target price on the stock.

Several other research firms have also issued reports on CSGP. BidaskClub lowered shares of CoStar Group from a “buy” rating to a “hold” rating in a research note on Saturday, September 8th. Needham & Company LLC upped their target price on shares of CoStar Group from $450.00 to $475.00 and gave the stock a “buy” rating in a research note on Wednesday, July 25th. Zacks Investment Research upgraded shares of CoStar Group from a “hold” rating to a “buy” rating and set a $471.00 target price for the company in a research note on Monday, October 1st. SunTrust Banks upped their target price on shares of CoStar Group to $475.00 and gave the stock a “buy” rating in a research note on Wednesday, July 25th. Finally, Citigroup upped their target price on shares of CoStar Group from $425.00 to $490.00 and gave the stock a “buy” rating in a research note on Wednesday, July 25th. They noted that the move was a valuation call. Two equities research analysts have rated the stock with a sell rating and eleven have issued a buy rating to the company. The company has a consensus rating of “Buy” and a consensus price target of $433.82.



NASDAQ CSGP opened at $355.28 on Monday. CoStar Group has a 1 year low of $283.11 and a 1 year high of $448.35. The firm has a market capitalization of $12.94 billion, a PE ratio of 91.80, a PEG ratio of 2.98 and a beta of 1.44.

CoStar Group (NASDAQ:CSGP) last posted its earnings results on Tuesday, October 23rd. The technology company reported $2.16 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate 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 during the quarter, compared to analyst estimates of $305.99 million. During the same quarter in the prior year, the business posted $1.41 EPS. The business’s revenue was up 23.4% compared to the same quarter last year.

Large investors have recently modified their holdings of the stock. Russell Investments Group Ltd. lifted its holdings in CoStar Group by 2.4% during the third quarter. Russell Investments Group Ltd. now owns 103,958 shares of the technology company’s stock valued at $43,653,000 after purchasing an additional 2,479 shares during the last quarter. Rice Hall James & Associates LLC lifted its holdings in CoStar Group by 2.3% during the third quarter. Rice Hall James & Associates LLC now owns 12,963 shares of the technology company’s stock valued at $5,455,000 after purchasing an additional 296 shares during the last quarter. Conestoga Capital Advisors LLC lifted its holdings in CoStar Group by 21.1% during the third quarter. Conestoga Capital Advisors LLC now owns 12,767 shares of the technology company’s stock valued at $5,373,000 after purchasing an additional 2,225 shares during the last quarter. Robeco Institutional Asset Management B.V. lifted its holdings in CoStar Group by 27.7% during the third quarter. Robeco Institutional Asset Management B.V. now owns 13,897 shares of the technology company’s stock valued at $5,849,000 after purchasing an additional 3,017 shares during the last quarter. Finally, Massachusetts Financial Services Co. MA lifted its holdings in CoStar Group by 24.3% during the third quarter. Massachusetts Financial Services Co. MA now owns 177,511 shares of the technology company’s stock valued at $74,704,000 after purchasing an additional 34,737 shares during the last quarter. 96.24% of the stock is currently owned by institutional investors.

In related news, Director Michael R. Klein sold 15,000 shares of the business’s stock in a transaction dated Monday, August 6th. The shares were sold at an average price of $420.69, for a total value of $6,310,350.00. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. 2.47% of the stock is currently owned by insiders.

About CoStar Group

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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Earnings History and Estimates for CoStar Group (NASDAQ:CSGP)

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