CoStar Group, Inc. (CSGP) Stock Is An Record High Flier

March 21, 2018 - By Marie Mckinney

Investors sentiment increased to 1.42 in 2017 Q3. Its up 0.32, from 1.1 in 2017Q2. It is positive, as 19 investors sold CoStar Group, Inc. shares while 88 reduced holdings. 57 funds opened positions while 95 raised stakes. 33.56 million shares or 9.65% more from 30.60 million shares in 2017Q2 were reported.
The Japan-based Asset Mgmt One Limited has invested 0.03% in CoStar Group, Inc. (NASDAQ:CSGP). Quantitative Inv Mgmt Limited Liability Corporation has 14,800 shares. Covington Mgmt holds 0.03% of its portfolio in CoStar Group, Inc. (NASDAQ:CSGP) for 1,500 shares. Bluemar Management Limited Company accumulated 26,250 shares or 3.53% of the stock. Eagleclaw Capital Managment Lc, Massachusetts-based fund reported 1,825 shares. Amundi Pioneer Asset Mgmt reported 91,602 shares stake. Brown Brothers Harriman holds 0.01% or 3,683 shares in its portfolio. Magnetar Financial Llc reported 15,251 shares. Citadel Ltd Liability Company invested in 146,123 shares or 0.03% of the stock. New York-based Global X Mgmt Co Limited Co has invested 0% in CoStar Group, Inc. (NASDAQ:CSGP). Livforsakringsbolaget Skandia Omsesidigt holds 600 shares or 0.01% of its portfolio. Parkside Bank & Trust And Tru stated it has 0.06% in CoStar Group, Inc. (NASDAQ:CSGP). Jpmorgan Chase And reported 0.04% stake. Chatham Capital Group Inc has invested 0.45% in CoStar Group, Inc. (NASDAQ:CSGP). Ashford Capital Inc stated it has 34,551 shares.

Since February 27, 2018, it had 0 buys, and 4 insider sales for $35.30 million activity. CARCHEDI FRANCIS had sold 12,100 shares worth $4.31M. $442,113 worth of CoStar Group, Inc. (NASDAQ:CSGP) was sold by Wheeler Scott T. $2.76 million worth of stock was sold by Linnington Matthew on Friday, March 2.

The stock of CoStar Group, Inc. (NASDAQ:CSGP) reached all time high today, Mar, 21 and still has $407.37 target or 9.00 % above today’s $373.73 share price. This indicates more upside for the $13.49 billion company. This technical setup was reported by If the $407.37 PT is reached, the company will be worth $1.21B more.
Trading stocks at an all time highs is usually a winning strategy. An all time high points to a stock which has the most positive fundamentals ever. Even thought the pullback rate is high, if correct risk management is utilized, investors can trade very well such events.

The stock decreased 0.55% or $2.07 during the last trading session, reaching $373.73. About 170,447 shares traded. CoStar Group, Inc. (NASDAQ:CSGP) has risen 29.48% since March 21, 2017 and is uptrending. It has outperformed by 12.78% the S&P500.

Analysts await CoStar Group, Inc. (NASDAQ:CSGP) to report earnings on April, 25. They expect $1.17 EPS, up 32.95 % or $0.29 from last year’s $0.88 per share. CSGP’s profit will be $42.23M for 79.86 P/E if the $1.17 EPS becomes a reality. After $1.05 actual EPS reported by CoStar Group, Inc. for the previous quarter, Wall Street now forecasts 11.43 % EPS growth.

CoStar Group, Inc. (NASDAQ:CSGP) Ratings Coverage

Among 11 analysts covering CoStar Group (NASDAQ:CSGP), 10 have Buy rating, 1 Sell and 0 Hold. Therefore 91% are positive. CoStar Group had 19 analyst reports since August 12, 2015 according to SRatingsIntel. The stock of CoStar Group, Inc. (NASDAQ:CSGP) has “Buy” rating given on Friday, October 20 by SunTrust. The firm has “Buy” rating given on Thursday, October 5 by Bank of America. The rating was initiated by Needham with “Buy” on Monday, August 22. Stephens maintained CoStar Group, Inc. (NASDAQ:CSGP) rating on Wednesday, January 24. Stephens has “Buy” rating and $395.0 target. The firm has “Buy” rating given on Tuesday, December 20 by Citigroup. The company was maintained on Thursday, October 26 by SunTrust. As per Thursday, October 26, the company rating was maintained by Needham. The firm has “Sell” rating given on Tuesday, December 12 by J.P. Morgan. The rating was downgraded by Zacks to “Hold” on Wednesday, August 12. Wells Fargo maintained the shares of CSGP in report on Thursday, January 18 with “Buy” rating.

CoStar Group, Inc. provides information, analytics, and online marketplace to the commercial real estate industry in North America and internationally. The company has market cap of $13.49 billion. The firm offers CoStar Property Professional service that provides inventory of office, industrial, retail, and multifamily properties and land. It has a 102.11 P/E ratio. 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 application; CoStar Market Analytics, an analytics platform; 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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