( ) was the subject of a significant increase in short interest during March. On March 31, there were 5,630,000 shorted shares. This is a 13.5% increase from the total of 4,960,000 on March 15. The short-interest rate is 2.6 days based on an average daily share volume of 2,180,000.
CoStar Group stock down 0.2 %
On Wednesday, the price of a share fell by $0.17 to reach $69.69. The company's average trading volume is 2,071,970 shares. 985,717 of its shares were traded. CoStar Group's one-year low is $53.51 while its one-year high is $85.37. The company's market capitalization is $28,35 billion. It has a PEG of 3.72, a P/E ratio of 74.94 and a beta value of 0.88. The company's current ratio is 13.92, its quick ratio is 13.92 and it has a debt to equity ratio of 0.14. The company last released its quarterly earnings on February 21st. The technology company posted $0.35 in earnings per share for the third quarter, beating analysts' expectations of $0.31 by $0.04. CoStar Group's return on equity was 7.15 % and its net margin was 16.93 %. The company's revenue for the third quarter was $573.35 millions, which is higher than analysts' expectations of 567.96. Analysts at equities firms predict that CoStar Group's earnings per share will average 0.93 for the current fiscal year.
In a deal dated March 8th, I sold 5,600 CoStar Group shares. Stock was sold for $394,016.00 at an average of $70.36. The insider owns approximately $3,155.364.56 worth of shares after the transaction. Insiders own 1.42%.
Inflows of Institutional Capital and Outflows
Recent changes in institutional investor positions have occurred. Cigna Investments Inc. New has increased its shares of CoStar Group during the fourth quarter by 2.7%. Cigna Investments Inc. New owns 4,983 of the stock of the technology firm, worth $385,000, after purchasing an additional 133 during the last quarterly. Kentucky Retirement Systems increased their holdings of shares of CoStar Group during the fourth quarter by 0.4%. Kentucky Retirement Systems owns 31,130 of the stock of the technology firm, worth $2.406,000. This is after adding 136 more shares in the last quarter. Ieq Capital LLC grew its holdings of shares of CoStar Group during the third quarter by 2.6%. Ieq Capital LLC owns now 5,798 of the stock of the technology firm worth $404,000, after purchasing an additional 148 during the last quarter. Coastal Investment Advisors Inc. grew its holdings of shares of CoStar Group during the fourth quarter by 5.0%. Coastal Investment Advisors Inc. owns now 3,176 shares worth $245,000 of the stock of the technology firm after acquiring 151 additional shares during the fourth quarter. Castleview Partners LLC also increased its shares of CoStar Group during the fourth quarter by 72.8%. Castleview Partners LLC owns 368 of the stock in the technology company, valued at $28,000. This is after purchasing an additional 155 share during the fourth quarter. Institutional investors and hedge fund own 97.80%.
Wall Street analysts forecast growth
In a report published on Thursday 16th March, a reporter began covering CoStar Group. The stock was given a rating of 'hold'. In a research report published on Wednesday, 22nd February, The Goldman Sachs Group reduced their target price for CoStar Group to $88.00 from $102.00. They also set a "buy" rating on the stock. BMO Capital Markets reduced their target price for CoStar Group to $68.00 in a Wednesday, 22nd research note. They also assigned the stock a rating of'market perform. Needham & Company LLC reduced their target price for CoStar Group to $80.00 in a research report on Wednesday, 22nd February. They also gave the stock a buy' rating. Stephens, in a research report on February 22, cut the target price of CoStar Group to $85.00 and gave it an "overweight" rating. Three analysts gave the stock a hold recommendation and ten others a buy recommendation. According to MarketBeat data, the stock has a current consensus rating of "Moderate Buy" and an average target price of $86.25.
CoStar Group Company profile
CoStar Group, Inc. provides online real estate marketplaces, data, and analytics for the residential and commercial property markets. It is divided into two geographical segments: North America and International. North America includes Canada and the United States. The International segment includes Europe, Asia-Pacific and Latin America.
MarketBeat.com offers a FREE daily email newsletter