CoStar Group, Inc. (CSGP) Is Forming Wedge Up at $415.14

June 29, 2018 - By Rhonda Roth

CoStar Group, Inc. (NASDAQ:CSGP) Corporate Logo

Big Money Sentiment decreased to 0.99 in 2018 Q1. It has change of 0.25, from 2017Q4’s 1.24. The ratio dived due to CoStar Group, Inc. positioning: 27 sold and 115 reduced. 50 funds took stakes and 91 increased stakes. Investors holded 33.36 million in 2017Q4 but now own 33.13 million shares or 0.69% less.
Kayne Anderson Rudnick Invest Mngmt Ltd Limited Liability Company reported 0.18% in CoStar Group, Inc. (NASDAQ:CSGP). Price T Rowe Assocs Md reported 3.13 million shs stake. Timessquare Capital Management Lc holds 1.29% of its capital in CoStar Group, Inc. (NASDAQ:CSGP) for 523,276 shs. Whittier Tru Communication Of Nevada Inc reported 0% of its capital in CoStar Group, Inc. (NASDAQ:CSGP). Lenox Wealth Mgmt Inc holds 0.03% or 300 shs. Peak6 Investments L P owns 59 shs for 0% of their capital. Wellington Shields Ltd Limited Liability Company accumulated 675 shs. Moreover, Barbara Oil has 0.75% invested in CoStar Group, Inc. (NASDAQ:CSGP) for 3,200 shs. Janney Montgomery Scott Ltd Liability Corp owns 1,368 shs for 0% of their capital. 969 are held by Etrade Cap Ltd Liability Corporation. Panagora Asset owns 15,408 shs or 0.02% of their US capital. Banque Pictet And Cie Sa has invested 0.04% of its capital in CoStar Group, Inc. (NASDAQ:CSGP). Voya Mgmt Limited Company holds 25,107 shs. M&T Savings Bank Corporation holds 0.01% of its capital in CoStar Group, Inc. (NASDAQ:CSGP) for 3,107 shs. 21 are held by Trustees Of Dartmouth College.

CoStar Group, Inc. had 7 insider sales and 0 insider buys since February 27, 2018. This’s net activity of $46.01 million. Shares for $2.76M were sold by Linnington Matthew on Friday, March 2. 12,100 shs were sold by CARCHEDI FRANCIS, worth $4.31 million on Wednesday, March 7. $27.79 million worth of CoStar Group, Inc. (NASDAQ:CSGP) was sold by FLORANCE ANDREW C. Another trade for 1,250 shs valued at $442,113 was made by Wheeler Scott T on Monday, March 5. On Thursday, March 29 Hill John W had sold 1,150 shs worth $415,472.

CoStar Group, Inc. (CSGP)’s chart shows an up wedge chart pattern with $440.05 PT. That’s 6.00 % above today’s $415.14 stock price. At $440.05 PT, the company’s valuation could be $906.48M more.

The stock decreased 0.05% or $0.2 during the last trading session, touching $415.14.Currently CoStar Group, Inc. is uptrending after 46.75% change in last June 29, 2017. CSGP has also 129,272 shares volume. CSGP outperformed the S&P500 by 34.18%.

On July, 25 CoStar Group, Inc. (NASDAQ:CSGP)’s earnings release is anticipated by WallStreet, Faxor reports. Last year’s earnings per share was $0.77, while now analysts expect change of 38.96 % up from current $1.07 earnings per share. If CSGP’s EPS is $1.07 the profit will reach $38.94M for 97.00 P/E. Last quarter $1.44 earnings per share was reported. Analysts forecasts -25.69 % negative EPS growth this quarter.

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

Total analysts of 6 have positions in CoStar Group (NASDAQ:CSGP) as follows: 5 rated it a “Buy”, 1 with “Sell” and 0 with “Hold”. The positive are 83%. Since January 17, 2018 according to StockzIntelligence Inc CoStar Group has 6 analyst reports. On Tuesday, April 24 the rating was maintained by JP Morgan with “Underweight”. On Thursday, January 18 the company was maintained by Wells Fargo. In Monday, April 23 report SunTrust maintained it with “Buy” rating and $43500 target. On Wednesday, January 24 the stock has “Buy” rating by Stephens. On Tuesday, April 24 the stock has “Market Outperform” rating by JMP Securities.

More recent CoStar Group, Inc. (NASDAQ:CSGP) news were announced by Businesswire.com, Globenewswire.com and Investorplace.com. The first one has “Steve Becerra and Intero Commercial Are CoStar Power Broker® Award Winners” as a title and was announced on June 13, 2018. The next is “Investor Expectations to Drive Momentum within Mesoblast, Access National, Urogen Pharma, TechTarget, Sina, and …” on June 06, 2018. And last was announced on June 22, 2018, called “10 A-Rated Internet Stocks to Consider”.

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

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