Press coverage about CoStar Group (NASDAQ:CSGP) has trended somewhat positive on Wednesday, Accern Sentiment reports. The research group identifies negative and positive press coverage by monitoring more than twenty million news and blog sources. Accern ranks coverage of publicly-traded companies on a scale of negative one to one, with scores nearest to one being the most favorable. CoStar Group earned a news sentiment score of 0.22 on Accern’s scale. Accern also assigned media headlines about the technology company an impact score of 45.7825842952696 out of 100, meaning that recent press coverage is somewhat unlikely to have an effect on the stock’s share price in the next several days.
These are some of the media headlines that may have effected Accern Sentiment Analysis’s analysis:
- Senior Housing Development Exceeds Demand (realtormag.realtor.org)
- CoStar Group Inc (CSGP) Given Average Rating of “Buy” by Analysts (americanbankingnews.com)
- CoStar Group Inc (CSGP) VP Francis Carchedi Sells 12,100 Shares (americanbankingnews.com)
- Drug testing company plans to close Columbia headquarters, lay off 99 employees (bizjournals.com)
- Have Investors Already Priced In CoStar Group Inc’s (NASDAQ:CSGP) Growth? (finance.yahoo.com)
A number of analysts recently weighed in on CSGP shares. B. Riley increased their price objective on shares of CoStar Group to $400.00 in a report on Tuesday, February 20th. Zacks Investment Research raised shares of CoStar Group from a “hold” rating to a “buy” rating and set a $375.00 price objective on the stock in a report on Thursday, February 8th. Needham & Company LLC increased their price objective on shares of CoStar Group to $350.00 and gave the stock a “buy” rating in a report on Tuesday, December 19th. SunTrust Banks increased their target price on shares of CoStar Group to $410.00 and gave the company a “buy” rating in a research report on Monday, February 5th. Finally, Citigroup reiterated a “buy” rating and issued a $425.00 target price (up previously from $320.00) on shares of CoStar Group in a research report on Tuesday, January 23rd. One equities research analyst has rated the stock with a sell rating and ten have assigned a buy rating to the company. The company currently has an average rating of “Buy” and an average target price of $380.10.
CoStar Group (NASDAQ CSGP) opened at $363.10 on Wednesday. The stock has a market cap of $12,972.08, a PE ratio of 91.45, a P/E/G ratio of 3.43 and a beta of 1.61. CoStar Group has a 12-month low of $197.55 and a 12-month high of $367.68.
CoStar Group (NASDAQ:CSGP) last announced its earnings results on Wednesday, February 21st. The technology company reported $1.25 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of $1.24 by $0.01. CoStar Group had a net margin of 12.71% and a return on equity of 6.75%. The firm had revenue of $253.99 million during the quarter, compared to analyst estimates of $253.74 million. During the same quarter in the prior year, the firm posted $1.29 EPS. CoStar Group’s revenue was up 16.3% compared to the same quarter last year. sell-side analysts expect that CoStar Group will post 6.25 earnings per share for the current year.
In other news, VP Matthew Linnington sold 7,921 shares of the firm’s stock in a transaction dated Friday, March 2nd. The shares were sold at an average price of $348.23, for a total transaction of $2,758,329.83. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, CFO Scott T. Wheeler sold 1,250 shares of the firm’s stock in a transaction dated Monday, March 5th. The shares were sold at an average price of $353.69, for a total transaction of $442,112.50. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 21,271 shares of company stock valued at $7,509,131. Insiders own 3.09% of the company’s stock.
About CoStar Group
CoStar Group, Inc (CoStar) is a provider of information, analytics and online marketplaces to the commercial real estate and related business community through its database of commercial real estate information covering the United States, the United Kingdom, and parts of Canada, Spain, Germany and France.
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