CoStar's Stock Soars As Upward Trend Continues

After this afternoon's 8.2% surge to $95.1 per share, CoStar might just keep moving past its target price of $91.67. With an average analyst rating of buy, and target prices from $79.0 to $105.0, the stock's next move is anyone's guess.

CoStar's short interest — meaning the percentage of the share float that is being shorted — is lower than average at 1.6%. The stock's short ratio is 2.39. The company's insiders own 1.19% of its outstanding shares, which indicates a strong alignment between management and shareholder interests.

Another number to watch is the company's rate of institutional share ownership, which now stands at 100.6%. In conclusion, we believe there is positive market sentiment regarding CoStar.

Institutions Invested in CoStar

Date Reported Holder Percentage Shares Value
2023-12-31 Vanguard Group Inc 16% 64,909,799 $6,172,921,785
2023-12-31 Blackrock Inc. 9% 36,527,891 $3,473,802,378
2023-12-31 Principal Financial Group, Inc. 5% 19,805,733 $1,883,525,178
2023-12-31 BAMCO Inc. 5% 19,391,283 $1,844,110,983
2023-12-31 State Street Corporation 4% 15,816,290 $1,504,129,154
2023-12-31 Massachusetts Financial Services Co. 3% 11,826,704 $1,124,719,532
2023-12-31 Geode Capital Management, LLC 3% 10,450,445 $993,837,303
2023-12-31 Janus Henderson Group PLC 2% 10,034,463 $954,277,415
2023-12-31 Baillie Gifford and Company 2% 9,524,096 $905,741,515
2023-12-31 Macquarie Group Limited 2% 8,821,063 $838,883,077
The above analysis is intended for educational purposes only and was performed on the basis of publicly available data. It is not to be construed as a recommendation to buy or sell any security. Any buy, sell, or other recommendations mentioned in the article are direct quotations of consensus recommendations from the analysts covering the stock, and do not represent the opinions of Market Inference or its writers. Past performance, accounting data, and inferences about market position and corporate valuation are not reliable indicators of future price movements. Market Inference does not provide financial advice. Investors should conduct their own review and analysis of any company of interest before making an investment decision.