Institutional Investor’s Pro-Costar Group Inc (NASDAQ:CSGP) Sentiment In Q1 2019

CoStar Group, Inc. (NASDAQ:CSGP) Logo

Sentiment for Costar Group Inc (NASDAQ:CSGP)

Costar Group Inc (NASDAQ:CSGP) institutional sentiment increased to 1.35 in 2019 Q1. Its up 0.52, from 0.83 in 2018Q4. The ratio has improved, as 172 investment managers opened new and increased stock positions, while 127 sold and reduced their equity positions in Costar Group Inc. The investment managers in our partner’s database now possess: 33.52 million shares, down from 33.56 million shares in 2018Q4. Also, the number of investment managers holding Costar Group Inc in their top 10 stock positions increased from 9 to 11 for an increase of 2. Sold All: 14 Reduced: 113 Increased: 106 New Position: 66.

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 $21.50 billion. The firm offers CoStar Property Professional service that provides inventory of office, industrial, retail, and multifamily properties and land. It has a 79.19 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.

The stock increased 0.06% or $0.38 during the last trading session, reaching $588.39. About 97,015 shares traded. CoStar Group, Inc. (NASDAQ:CSGP) has risen 30.64% since July 12, 2018 and is uptrending. It has outperformed by 26.21% the S&P500.

Analysts await CoStar Group, Inc. (NASDAQ:CSGP) to report earnings on July, 23. They expect $1.73 EPS, up 21.83 % or $0.31 from last year’s $1.42 per share. CSGP’s profit will be $63.22M for 85.03 P/E if the $1.73 EPS becomes a reality. After $2.28 actual EPS reported by CoStar Group, Inc. for the previous quarter, Wall Street now forecasts -24.12 % negative EPS growth.

Wildcat Capital Management Llc holds 36.49% of its portfolio in CoStar Group, Inc. for 133,472 shares. Bares Capital Management Inc. owns 551,097 shares or 7.22% of their US portfolio. Moreover, Dynamic Capital Management Ltd has 5.28% invested in the company for 3,130 shares. The New York-based Bamco Inc Ny has invested 4.84% in the stock. Daruma Capital Management Llc, a New York-based fund reported 79,138 shares.

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

Ratings analysis reveals 100% of CoStar Group’s analysts are positive. Out of 3 Wall Street analysts rating CoStar Group, 3 give it “Buy”, 0 “Sell” rating, while 0 recommend “Hold”. The lowest target is $46000 while the high is $512. The stock’s average target of $483 is -17.91% below today’s ($588.39) share price. CSGP was included in 6 notes of analysts from February 27, 2019. The stock has “Buy” rating by FBR Capital on Wednesday, February 27. Wells Fargo maintained CoStar Group, Inc. (NASDAQ:CSGP) on Wednesday, February 27 with “Outperform” rating. The stock has “Buy” rating by SunTrust on Wednesday, February 27.

More notable recent CoStar Group, Inc. (NASDAQ:CSGP) news were published by: Nasdaq.com which released: “DELL vs. CSGP: Which Stock Should Value Investors Buy Now? – Nasdaq” on February 21, 2019, also Finance.Yahoo.com with their article: “SAIC vs. CSGP: Which Stock Is the Better Value Option? – Yahoo Finance” published on May 17, 2019, Finance.Yahoo.com published: “Here’s What Hedge Funds Think About Yum China Holdings, Inc. (YUMC) – Yahoo Finance” on June 14, 2019. More interesting news about CoStar Group, Inc. (NASDAQ:CSGP) were released by: Finance.Yahoo.com and their article: “CoStar Group, Inc. to Host Earnings Call – Yahoo Finance” published on April 23, 2019 as well as Seekingalpha.com‘s news article titled: “More on CoStar Group Q1 results – Seeking Alpha” with publication date: April 24, 2019.

CoStar Group, Inc. (NASDAQ:CSGP) Institutional Positions Chart

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