Today CoStar Group, Inc. (CSGP) Stock Reaches All Time High

March 14, 2018 - By Adrian Mccoy

Investors sentiment increased to 1.42 in Q3 2017. Its up 0.32, from 1.1 in 2017Q2. It increased, 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.
L & S Advsrs has 0.12% invested in CoStar Group, Inc. (NASDAQ:CSGP) for 2,760 shares. Legal & General Group Public Ltd Liability Com holds 0.01% or 34,860 shares. Bnp Paribas Asset Mgmt stated it has 839 shares. Comerica Bancshares holds 0.01% of its portfolio in CoStar Group, Inc. (NASDAQ:CSGP) for 2,358 shares. Rhumbline Advisers holds 0.02% or 35,046 shares in its portfolio. Waddell And Reed Financial holds 600,165 shares or 0.36% of its portfolio. Amp Cap Invsts Limited invested in 0.01% or 6,756 shares. Botty Investors Ltd Liability Corp holds 0.01% in CoStar Group, Inc. (NASDAQ:CSGP) or 122 shares. Apg Asset Nv holds 0% or 3,200 shares. Gsa Llp holds 1,020 shares or 0.02% of its portfolio. D E Shaw & holds 0% or 5,807 shares. 729,020 are held by Winslow Cap Management Limited Co. Oppenheimer Asset Management holds 0.16% or 22,847 shares. California Employees Retirement has 72,057 shares for 0.03% of their portfolio. 63 were accumulated by Rockefeller Fincl Service Inc.

Since February 27, 2018, it had 0 insider purchases, and 4 insider sales for $35.30 million activity. $4.31M worth of CoStar Group, Inc. (NASDAQ:CSGP) was sold by CARCHEDI FRANCIS on Wednesday, March 7. $442,113 worth of CoStar Group, Inc. (NASDAQ:CSGP) was sold by Wheeler Scott T. On Friday, March 2 Linnington Matthew sold $2.76 million worth of CoStar Group, Inc. (NASDAQ:CSGP) or 7,921 shares.

The stock of CoStar Group, Inc. (NASDAQ:CSGP) reached all time high today, Mar, 14 and still has $388.48 target or 6.00 % above today’s $366.49 share price. This indicates more upside for the $13.23B company. This technical setup was reported by If the $388.48 PT is reached, the company will be worth $793.68 million 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 increased 0.93% or $3.39 during the last trading session, reaching $366.49. About 95,853 shares traded. CoStar Group, Inc. (NASDAQ:CSGP) has risen 29.48% since March 14, 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 78.31 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) earned “Hold” rating by Zacks on Wednesday, August 12. The firm has “Sell” rating by J.P. Morgan given on Tuesday, December 12. The stock of CoStar Group, Inc. (NASDAQ:CSGP) earned “Buy” rating by Bank of America on Thursday, October 5. As per Thursday, October 26, the company rating was maintained by Needham. As per Monday, August 22, the company rating was initiated by Needham. The company was maintained on Wednesday, January 24 by Stephens. The firm has “Buy” rating given on Friday, October 20 by SunTrust. The rating was initiated by Citigroup on Tuesday, December 20 with “Buy”. The stock has “Buy” rating by SunTrust on Thursday, October 26. The firm has “Buy” rating by Wells Fargo given on Thursday, January 18.

More notable recent CoStar Group, Inc. (NASDAQ:CSGP) news were published by: which released: “CoStar Group Bookings Up 47%, CoStar Suite Bookings Up 100% and …” on February 21, 2018, also with their article: “CoStar Group results: The raw numbers” published on February 26, 2018, published: “Growing CoStar to close its latest buy, this one for nearly $400M” on February 20, 2018. More interesting news about CoStar Group, Inc. (NASDAQ:CSGP) were released by: and their article: “CoStar Group Receives Antitrust Clearance From the Federal Trade Commission …” published on February 16, 2018 as well as‘s news article titled: “CoStar Group’s (CSGP) CEO Andy Florance on Q4 2017 Results – Earnings Call …” with publication date: February 23, 2018.

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 $13.23 billion. The firm offers CoStar Property Professional service that provides inventory of office, industrial, retail, and multifamily properties and land. It has a 100.13 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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