At $415.14 CoStar Group, Inc. (CSGP) Forms Wedge Up Chart Pattern

June 29, 2018 - By Mark Williams

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

During 2018 Q1 the big money sentiment decreased to 0.99. That’s change of 0.25, from 2017Q4’s 1.24. 27 investors sold all, 115 reduced holdings as CoStar Group, Inc. ratio dived. 91 rose holdings while 50 funds amassed holdings. Funds hold 33.13 million shares thus 0.69% less from 2017Q4’s 33.36 million shares.
Oppenheimer Asset Mngmt Inc holds 0.17% in CoStar Group, Inc. (NASDAQ:CSGP) or 19,124 shs. Capital Mgmt Assoc New York owns 2,100 shs. Delta Asset Mngmt Limited Liability Com Tn reported 176 shs. Moreover, Lord Abbett And Ltd Liability has 0.28% invested in CoStar Group, Inc. (NASDAQ:CSGP) for 260,364 shs. Jefferies Gru Limited Company has invested 0% of its capital in CoStar Group, Inc. (NASDAQ:CSGP). Leisure Mngmt stated it has 0.23% of its capital in CoStar Group, Inc. (NASDAQ:CSGP). 129,445 were reported by Wells Fargo And Mn. Northwestern Mutual Wealth holds 0% of its capital in CoStar Group, Inc. (NASDAQ:CSGP) for 117 shs. Cls Invs Limited Liability Co accumulated 4,795 shs. Carroll Financial Associates Inc reported 0% stake. Proshare Advsr Ltd Liability Corporation, Maryland-based fund reported 9,326 shs. Jpmorgan Chase reported 11,070 shs stake. Riverbridge Ptnrs Ltd Llc holds 2.1% of its capital in CoStar Group, Inc. (NASDAQ:CSGP) for 316,365 shs. Trust Department Mb Bank & Trust N A invested in 0% or 29 shs. Balyasny Asset Management Ltd invested in 0.02% or 10,301 shs.

CoStar Group, Inc. registered $46.01 million net activity with 0 insider purchases and 7 insider sales since February 27, 2018. $415,472 worth of CoStar Group, Inc. (NASDAQ:CSGP) shs were sold by Hill John W. Wheeler Scott T had sold 1,250 shs worth $442,113 on Monday, March 5. KLEIN MICHAEL R had sold 3,000 shs worth $1.08M on Thursday, March 22. Linnington Matthew also sold $2.76M worth of CoStar Group, Inc. (NASDAQ:CSGP) on Friday, March 2. 12,100 shs were sold by CARCHEDI FRANCIS, worth $4.31 million on Wednesday, March 7.

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 reaching $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. CSGP outperformed by 34.18% the S&P 500.

On July, 25 is awaited CoStar Group, Inc. (NASDAQ:CSGP)’s earnings report, RTT reports. Analysts predict $1.07 EPS, which is $0.30 up or 38.96 % from 2017’s $0.77 EPS. This could be $38.94 million profit for CSGP assuming the current $1.07 EPS will become reality. Last quarter $1.44 EPS was reported. Analysts forecasts -25.69 % negative EPS growth this 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 Thursday, January 18 the rating was maintained by Wells Fargo with “Buy”. The stock rating was maintained by JMP Securities with “Market Outperform” on Tuesday, April 24. On Wednesday, January 24 the company was maintained by Stephens. The stock rating was maintained by SunTrust with “Buy” on Monday, April 23. In Tuesday, April 24 report JP Morgan maintained the stock with “Underweight” rating.

More recent CoStar Group, Inc. (NASDAQ:CSGP) news were announced by Globenewswire.com, Businesswire.com and Investorplace.com. The first one has “Investor Expectations to Drive Momentum within Mesoblast, Access National, Urogen Pharma, TechTarget, Sina, and …” as a title and was announced on June 06, 2018. The next is “Steve Becerra and Intero Commercial Are CoStar Power Broker® Award Winners” on June 13, 2018. And last was announced on June 22, 2018, called “10 A-Rated Internet Stocks to Consider”.

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

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