CoStar Group, Inc. (CSGP) With $415.14 Price Forms Wedge Up Pattern

June 29, 2018 - By Alberto Lyles

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 worsened due to CoStar Group, Inc. positioning: 27 sold and 115 reduced. 50 funds bought stakes and 91 increased stakes. Investors holded 33.36 million in 2017Q4 but now own 33.13 million shares or 0.69% less.
Nelson Van Denburg Campbell Wealth Grp Inc Ltd Llc invested in 914 shs. First Mercantile Com has invested 0.07% in CoStar Group, Inc. (NASDAQ:CSGP). Cambridge Inv Advisors accumulated 0.05% or 13,136 shs. Asset Mgmt One Company holds 55,311 shs. Hsbc Holdings Public Limited owns 6,183 shs. Rosenblum Silverman Sutton S F Ca holds 10,990 shs. Lord Abbett And Limited Liability holds 0.28% or 260,364 shs in its capital. Bnp Paribas Asset Mgmt Sa holds 0% in CoStar Group, Inc. (NASDAQ:CSGP) or 715 shs. Sumitomo Mitsui Trust Holdg Incorporated stated it has 0.05% in CoStar Group, Inc. (NASDAQ:CSGP). Sei Invests Company invested in 61,657 shs. Mackenzie Corporation has 0.22% invested in CoStar Group, Inc. (NASDAQ:CSGP) for 237,904 shs. Leisure Capital Management holds 736 shs. Tower Rech Capital Ltd (Trc) has 0.01% invested in CoStar Group, Inc. (NASDAQ:CSGP). Oakbrook Invests Lc reported 1,433 shs. Advisory Rech Inc stated it has 0.01% in CoStar Group, Inc. (NASDAQ:CSGP).

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

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 is touching $415.14 during the last trading session, after decreased 0.05%.CoStar Group, Inc. has volume of 129,272 shares. Since June 29, 2017 CSGP has risen 46.75% and is uptrending. The stock outperformed the S&P 500 by 34.18%.

On July, 25 is anticipated CoStar Group, Inc. (NASDAQ:CSGP)’s earnings report, according to RTT. Last year’s EPS was $0.77, while now analysts expect change of 38.96 % up from current $1.07 EPS. This could reach $38.94 million profit for CSGP assuming the current $1.07 EPS will become reality. Analysts at Wall Street see CoStar Group, Inc.’s -25.69 % negative EPS growth compared to $1.44 EPS for previous 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 Wednesday, January 24 the firm earned “Buy” rating by Stephens. On Monday, April 23 the firm earned “Buy” rating by SunTrust. On Tuesday, April 24 JMP Securities maintained the shares of CSGP in report with “Market Outperform” rating. On Tuesday, April 24 JP Morgan maintained CoStar Group, Inc. (NASDAQ:CSGP) with “Underweight” rating. The stock rating was maintained by Wells Fargo with “Buy” on Thursday, January 18.

More recent CoStar Group, Inc. (NASDAQ:CSGP) news were published by, and The first one has “10 A-Rated Internet Stocks to Consider” as a title and was published on June 22, 2018. The next is “Steve Becerra and Intero Commercial Are CoStar Power Broker® Award Winners” on June 13, 2018. And last was published 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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