JMP Securities Maintains CoStar Group Inc to Market Outperform with Price Target $230.00

Brokerage firm JMP Securities Maintains its rating on CoStar Group Inc(NASDAQ:CSGP). In a research note issued to the investors, the brokerage major Raises the price-target to $230.00 per share. The shares have been rated Market Outperform. The rating by JMP Securities was issued on Jul 28, 2016.

CoStar Group Inc (CSGP) shares turned negative on Thursdays trading session with the shares closing down -0.68 points or -0.33% at a volume of 1,02,467. The pessimistic mood was evident in the company shares which never went considerably beyond the level of $208.0499. The peak price level was also seen at $208.0499 while the days lowest was $204.66. Finally the shares closed at $205.33. The 52-week high of the shares is $224.79 while the 52-week low is $146.53. According to the latest information available, the market cap of the company is $6,694 M.

CoStar Group Inc(CSGP) last announced its earnings results on Jul 27, 2016 for Fiscal Year 2016 and Q2.Company reported revenue of $206.87M. Analysts had an estimated revenue of $205.66M. Earnings per share were $0.91. Analysts had estimated an EPS of $0.83.

Several Insider Transactions has been reported to the SEC. On Nov 16, 2015, Francis Carchedi (Executive VP, Operations) sold 3,414 shares at $201.65 per share price.Also, On Nov 12, 2015, Andrew C Florance (President and CEO) sold 17,612 shares at $205.10 per share price.On Jun 16, 2015, David Jay Steinberg (director) sold 1,225 shares at $204.82 per share price, according to the Form-4 filing with the securities and exchange commission.

CoStar Group Inc. (CoStar) is a provider of information analytics and online marketplaces to the commercial real estate industry. The Company has five flagship brands: CoStar LoopNet BizBuySell and LandsofAmerica. The Company has operations in the United States Canada the United Kingdom and France. The Company delivers its commercial real estate content to the United States customers primarily through an integrated suite of online service offerings that includes information about space available for lease comparable sales information information about properties for sale tenant information Internet marketing services analytical capabilities information for clients’ Websites information about industry professionals and their business relationships data integration and industry news. It also operates complementary online marketplaces for commercial real estate listings and apartment rentals.

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