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

June 29, 2018 - By Nicole Mills

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

Big Money Sentiment decreased to 0.99 in Q1 2018. 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 bought holdings and 91 increased holdings. Investors holded 33.36 million in 2017Q4 but now own 33.13 million shares or 0.69% less.
Fmr Limited Liability Company holds 0.01% or 198,504 shs in its capital. Bancorporation Of Montreal Can accumulated 9,627 shs. Connable Office Inc has invested 0.2% in CoStar Group, Inc. (NASDAQ:CSGP). Voya Llc owns 25,107 shs for 0.02% of their capital. Whittier Communications owns 0% invested in CoStar Group, Inc. (NASDAQ:CSGP) for 100 shs. First Personal Fincl Service has invested 0.01% of its capital in CoStar Group, Inc. (NASDAQ:CSGP). Panagora Asset reported 0.02% in CoStar Group, Inc. (NASDAQ:CSGP). The New York-based Jefferies Grp Inc Limited Liability Com has invested 0% in CoStar Group, Inc. (NASDAQ:CSGP). Conestoga Cap Ltd Company accumulated 77,515 shs. Vanguard Grp reported 3.02 million shs. Veritable L P reported 1,312 shs. 60,291 were reported by First Advisors Lp. Driehaus Management Ltd Liability holds 0.09% or 6,717 shs. Asset Mgmt Inc holds 0.02% or 1,303 shs in its capital. Blackrock reported 2.57M shs.

CoStar Group, Inc. had 7 selling transactions and 0 insider buys since February 27, 2018. This’s net activity of $46.01 million. FLORANCE ANDREW C sold 24,821 shs worth $9.21M. Wheeler Scott T had sold 1,250 shs worth $442,113. Another trade for 7,921 shs valued at $2.76 million was made by Linnington Matthew on Friday, March 2. KLEIN MICHAEL R also sold $1.08M worth of CoStar Group, Inc. (NASDAQ:CSGP) on Thursday, March 22. CARCHEDI FRANCIS sold 12,100 shs worth $4.31 million.

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.

CSGP hit $415.14 during the last trading session after $0.2 change.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&P 500 by 34.18%.

On July, 25. Investors wait CoStar Group, Inc. (NASDAQ:CSGP) to announce its quarterly earnings, according to Zacks. This year’s EPS analyst estimate is anticipated to be $1.07. That is 38.96 % up compareed to $0.77 EPS for last year. The profit will be $38.94 million for CSGP if $1.07 EPS becomes true. Wall Street predicts -25.69 % negative EPS growth as of July, 25.

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. In Thursday, January 18 report Wells Fargo maintained the stock with “Buy” rating. On Tuesday, April 24 JMP Securities maintained the shares of CSGP in report with “Market Outperform” rating. On Wednesday, January 24 Stephens maintained CoStar Group, Inc. (NASDAQ:CSGP) with “Buy” rating. The stock rating was maintained by SunTrust with “Buy” on Monday, April 23. On Tuesday, April 24 the firm has “Underweight” rating by JP Morgan given.

More recent CoStar Group, Inc. (NASDAQ:CSGP) news were announced by Businesswire.com, Investorplace.com and Globenewswire.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 “10 A-Rated Internet Stocks to Consider” on June 22, 2018. And last was announced on June 06, 2018, called “Investor Expectations to Drive Momentum within Mesoblast, Access National, Urogen Pharma, TechTarget, Sina, and …”.

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

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