CoStar Group, Inc. (CSGP) Forms Wedge Up Trading at $415.14

June 29, 2018 - By Ashley Edward

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 turned negative due to CoStar Group, Inc. positioning: 27 sold and 115 reduced. 50 funds bought positions and 91 increased positions. Investors holded 33.36 million in 2017Q4 but now own 33.13 million shares or 0.69% less.
Renaissance Technology Limited Liability Com owns 209,598 shs. Columbus Circle invested in 102,227 shs. Paloma Partners Mngmt stated it has 0.02% in CoStar Group, Inc. (NASDAQ:CSGP). Blair William & Co Il holds 272,506 shs. Bbva Compass Commercial Bank holds 0.03% or 1,103 shs in its capital. Huntington Comml Bank owns 430 shs or 0% of their US capital. National Bank Of New York Mellon has 0.03% invested in CoStar Group, Inc. (NASDAQ:CSGP). Macquarie Ltd reported 13,696 shs. Teacher Retirement Sys Of Texas reported 28,499 shs. Leisure Cap Management invested in 0.23% or 736 shs. Westfield Cap Mgmt Communications L P has 0.73% invested in CoStar Group, Inc. (NASDAQ:CSGP). First Trust Ltd Partnership invested in 60,291 shs. Bp Public Limited Liability Company holds 0.05% of its capital in CoStar Group, Inc. (NASDAQ:CSGP) for 4,000 shs. Tocqueville Asset Mgmt Limited Partnership reported 1,550 shs. Next Century Growth Lc holds 2.26% or 46,772 shs in its capital.

CoStar Group, Inc. had 7 selling transactions and 0 insider purchases since February 27, 2018. This’s net activity of $46.01 million. On Thursday, March 29 the insider Hill John W sold $415,472. On Monday, March 5 Wheeler Scott T sold $442,113 worth of CoStar Group, Inc. (NASDAQ:CSGP). 7,921 CoStar Group, Inc. (NASDAQ:CSGP) shs with value of $2.76 million were sold by Linnington Matthew. On Wednesday, March 7 $4.31M worth of stock was sold by CARCHEDI FRANCIS. KLEIN MICHAEL R also sold $1.08 million worth of CoStar Group, Inc. (NASDAQ:CSGP) on Thursday, March 22.

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, hitting $415.14.CoStar Group, Inc. has volume of 129,272 shares. Since June 29, 2017 CSGP has risen 46.75% and is uptrending. CSGP outperformed by 34.18% the S&P 500.

On July, 25 WallStreet anticipated CoStar Group, Inc. (NASDAQ:CSGP)’s earnings report, Zacks reports. Analysts predict $1.07 EPS. That’s $0.30 up or 38.96 % from 2017’s earnings of $0.77. The profit will be $38.94M for CSGP if $1.07 EPS becomes true. -25.69 % negative EPS growth is what Wall Street’s predicts after $1.44 reported EPS previous quarter.

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

A total of 6 analysts rate CoStar Group (NASDAQ:CSGP) as follows: 5 “Buy”, 0 “Hold” and 1 “Sell”. Тherefore 83% are bullish. (NASDAQ:CSGP) has 6 ratings reports on Jun 29, 2018 according to StockzIntelligence. On Monday, April 23 the firm has “Buy” rating by SunTrust given. On Thursday, January 18 the firm earned “Buy” rating by Wells Fargo. On Wednesday, January 24 Stephens maintained the shares of CSGP in report with “Buy” rating. On Tuesday, April 24 the stock of CoStar Group, Inc. (NASDAQ:CSGP) earned “Underweight” rating by JP Morgan. On Tuesday, April 24 JMP Securities maintained CoStar Group, Inc. (NASDAQ:CSGP) with “Market Outperform” rating.

More recent CoStar Group, Inc. (NASDAQ:CSGP) news were posted by, and The first one has “10 A-Rated Internet Stocks to Consider” as a title and was posted 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 posted 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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