December 1, 2016 - By Clifton Ray · 0 Comments
Costar Group Inc (NASDAQ:CSGP) institutional sentiment decreased to 0.7 in Q2 2016. Its down -0.32, from 1.02 in 2016Q1. The ratio has dropped, as 110 active investment managers increased or opened new stock positions, while 108 sold and decreased holdings in Costar Group Inc. The active investment managers in our partner’s database now own: 31.64 million shares, down from 32.24 million shares in 2016Q1. Also, the number of active investment managers holding Costar Group Inc in their top 10 stock positions increased from 8 to 9 for an increase of 1. Sold All: 21 Reduced: 87 Increased: 67 New Position: 43.
CoStar Group, Inc. is a provider of information, analytics and online marketplaces to the commercial real estate industry. The company has a market cap of $5.76 billion. It manages its business through two divisions: North America, which includes the United States and parts of Canada, and International, which includes parts of the United Kingdom, Spain and France. It has a 74.25 P/E ratio. The Firm owns and operates online marketplaces for commercial real estate and apartment listings in the United States.
About 316,449 shares traded hands. CoStar Group Inc (NASDAQ:CSGP) has declined 1.73% since April 28, 2016 and is downtrending. It has underperformed by 7.66% the S&P500.
Analysts await CoStar Group Inc (NASDAQ:CSGP) to report earnings on February, 22. They expect $1.07 earnings per share, up 16.30% or $0.15 from last year’s $0.92 per share. CSGP’s profit will be $34.16 million for 42.16 P/E if the $1.07 EPS becomes a reality. After $0.94 actual earnings per share reported by CoStar Group Inc for the previous quarter, Wall Street now forecasts 13.83% EPS growth.
According to Zacks Investment Research, “CoStar Group, Inc. provides information services to the commercial real estate industry. Their wide array of digital service offerings includes a leasing marketplace, a selling marketplace, sales comparable information, decision support, contact management, tenant information, property marketing, and industry news. They have three assets that provide a unique foundation for this marketplace: comprehensive national databases; large research department; and large number of participating organizations.”
Wildcat Capital Management Llc holds 15.65% of its portfolio in CoStar Group Inc for 251,837 shares. Ibis Capital Partners Llp owns 54,909 shares or 4.99% of their US portfolio. Moreover, Daruma Capital Management Llc has 4.26% invested in the company for 298,293 shares. The Texas-based Bares Capital Management Inc. has invested 4.17% in the stock. Riverbridge Partners Llc, a Minnesota-based fund reported 751,884 shares.#img1#
Insider Transactions: Since January 1, 0001, the stock had 0 insider purchases, and 1 insider sale for $1.03 million net activity.
Ratings analysis reveals 100% of CoStar Group’s analysts are positive. Out of 2 Wall Street analysts rating CoStar Group, 2 give it “Buy”, 0 “Sell” rating, while 0 recommend “Hold”. CSGP was included in 3 notes of analysts from August 12, 2015. The rating was initiated by Needham on Monday, August 22 with “Buy”. The firm has “Hold” rating given on Wednesday, August 12 by Zacks.
CoStar Group, Inc. (CoStar), incorporated on February 2, 1998, is a well-known provider of information, analytics and online marketplaces to the commercial real estate industry. It manages its business through two divisions: North America, which includes the United States and parts of Canada, and International, which includes parts of the United Kingdom, Spain and France. The Firm owns and operates online marketplaces for commercial real estate and apartment listings in the United States. It has created and compiled its standardized platform of information, analytics and online marketplace services where industry professionals and clients of commercial real estate, including apartments, and the related business communities, can interact and facilitate transactions by accessing and exchanging standardized real estate-related information. The Company’s service offerings span all commercial property types, including office, retail, industrial, multifamily, commercial land, mixed-use and hospitality.
More notable recent CoStar Group Inc (NASDAQ:CSGP) news were published by: Fool.com which released: “CoStar Group, Inc. Widens Its Lead in the Multifamily Arena” on October 28, 2016, also Fool.com with their article: “Apartments.com Dominance Fuels CoStar Group, Inc. Earnings” published on August 09, 2016, Prnewswire.com published: “CoStar Group Adds Office Underwriting Reports to CoStar Market Analytics” on November 09, 2016. More interesting news about CoStar Group Inc (NASDAQ:CSGP) were released by: Fool.com and their article: “CoStar Group, Inc. Boosts Full-Year Revenue and Earnings Outlook” published on May 02, 2016 as well as Prnewswire.com‘s news article titled: “CoStar Group Debuts on Fortune Magazine’s 100 Fastest Growing Companies List” with publication date: October 06, 2016.
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By Clifton Ray