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CoStar Group (NASDAQ:CSGP) Lowered to Underweight Rating by Analysts at JPMorgan from Overweight

JP Morgan Analyst Rating Change CoStar Group NASDAQ:CSGP

CoStar Group (NASDAQ:CSGP) Rating Change

CoStar Group (NASDAQ:CSGP) was decreased by analysts at JPMorgan from Overweight rating to Underweight rating in an analyst report published on Tuesday, 12 December.

This stock rating downgrade is noticed by equity traders, as NASDAQ:CSGP is at the moment trading -0.67% lower at $307.42 as of 10:07 AM New York time. CoStar Group shares have [From2] 0% in the past 200 days, while the S&P 500 has surged 6.00% in the same time period.

Institutional Ownership

Wildcat Capital Management Llc had the biggest stake with ownership of 250,437 shares as of Q2 2015 for 12.97% of the Fund Portfolio. Ibis Capital Partners Llp is another notably bullish investment manager who is possessing 77,652 shares of CoStar Group or 6.24% of their fund portfolio. Furthermore, Scge Management L.P. have 5.45% of their fund portfolio invested in the company for 90,480 shares. The Texas-based fund Bares Capital Management Inc. revealed it had acquired a stake worth about 4.03% of the investment manager’s stock portfolio in CoStar Group. The New York-based fund Daruma Capital Management Llc is also positive about the stock, possessing 312,770 shares or 3.58% of their fund portfolio.

CoStar Group (NASDAQ:CSGP) Profile

CoStar Group, Inc. (CoStar) is a provider of information, analytics and online marketplaces to the commercial real estate and related business community through its database of commercial real estate information covering the United States, the United Kingdom, and parts of Canada, Spain, Germany and France. The Company provides online marketplaces for commercial real estate, apartment rentals, lands for sale and businesses for sale. It manages its business geographically in two segments: North America, which includes the United States and Canada, and International, which includes the United Kingdom, Spain, Germany and France.

CoStar Group (NASDAQ:CSGP) traded down -0.67% on 12 December, hitting $307.42. A total of 200,391 shares of the company’s stock traded hands. This is down from average of 200,543 shares. CoStar Group has a 52 week low of $179.21 and a 52 week high of $314.73. The company has a market cap of $11.11B and a P/E ratio of 92.89.

Get the latest CoStar Group (NASDAQ:CSGP) Stock Ratings at Octafinance. Completely free access to our Analyst Ratings Database for 6000+ stocks.

The post CoStar Group (NASDAQ:CSGP) Lowered to Underweight Rating by Analysts at JPMorgan from Overweight appeared first on Octafinance.

This post first appeared on Octafinance – Financial News, Reports And Intell, please read the originial post: here

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CoStar Group (NASDAQ:CSGP) Lowered to Underweight Rating by Analysts at JPMorgan from Overweight


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