Costar Group, Inc. (NASDAQ: CSGP) has seen a decline in its stock price by -3.11 in relation to its previous close of 90.34. However, the company has experienced a -7.10% decline in its stock price over the last five trading sessions. Business Wire reported 2024-04-01 that WASHINGTON–(BUSINESS WIRE)–CoStar Group, Inc. (NASDAQ: CSGP), a leading provider of online real estate marketplaces, information, and analytics in the property markets, will announce financial results for the first quarter of 2024 following the market close on Tuesday, April 23, 2024. Management will conduct a conference call to discuss the first quarter results, as well as the Company’s outlook at 5:00 PM EDT that same day. A live audio webcast of the conference call will be available in lis.
Is It Worth Investing in Costar Group, Inc. (NASDAQ: CSGP) Right Now?
The price-to-earnings ratio for Costar Group, Inc. (NASDAQ: CSGP) is above average at 95.08x, Company’s 36-month beta value is 0.84.Analysts have differing opinions on the stock, with 6 analysts rating it as a “buy,” 5 as “overweight,” 0 as “hold,” and 0 as “sell.”
The public float for CSGP is 403.38M, and currently, short sellers hold a 2.16% ratio of that floaft. The average trading volume of CSGP on April 16, 2024 was 2.21M shares.
CSGP’s Market Performance
The stock of Costar Group, Inc. (CSGP) has seen a -7.10% decrease in the past week, with a -0.39% drop in the past month, and a 4.95% gain in the past quarter. The volatility ratio for the week is 3.37%, and the volatility levels for the past 30 days are at 3.12% for CSGP. The simple moving average for the past 20 days is -7.39% for CSGP’s stock, with a 4.39% simple moving average for the past 200 days.
Analysts’ Opinion of CSGP
Many brokerage firms have already submitted their reports for CSGP stocks, with Citigroup repeating the rating for CSGP by listing it as a “Buy.” The predicted price for CSGP in the upcoming period, according to Citigroup is $97 based on the research report published on February 07, 2024 of the current year 2024.
Goldman gave a rating of “Buy” to CSGP, setting the target price at $98 in the report published on December 18th of the previous year.
CSGP Trading at -1.28% from the 50-Day Moving Average
After a stumble in the market that brought CSGP to its low price for the period of the last 52 weeks, the company was unable to rebound, for now settling with -12.80% of loss for the given period.
Volatility was left at 3.12%, however, over the last 30 days, the volatility rate increased by 3.37%, as shares sank -8.04% for the moving average over the last 20 days. Over the last 50 days, in opposition, the stock is trading +3.46% upper at present.
During the last 5 trading sessions, CSGP fell by -7.10%, which changed the moving average for the period of 200-days by -2.02% in comparison to the 20-day moving average, which settled at $94.13. In addition, Costar Group, Inc. saw 0.16% in overturn over a single year, with a tendency to cut further gains.
Insider Trading
Reports are indicating that there were more than several insider trading activities at CSGP starting from Hill John W, who sale 3,020 shares at the price of $84.07 back on Nov 28 ’23. After this action, Hill John W now owns 17,870 shares of Costar Group, Inc., valued at $253,891 using the latest closing price.
NASSETTA CHRISTOPHER J, the Director of Costar Group, Inc., sale 1,500 shares at $77.86 during a trade that took place back on Nov 08 ’23, which means that NASSETTA CHRISTOPHER J is holding 273,615 shares at $116,790 based on the most recent closing price.
Stock Fundamentals for CSGP
Current profitability levels for the company are sitting at:
- 0.11 for the present operating margin
- 0.8 for the gross margin
The net margin for Costar Group, Inc. stands at 0.15. The total capital return value is set at 0.03. Equity return is now at value 5.27, with 4.33 for asset returns.
Based on Costar Group, Inc. (CSGP), the company’s capital structure generated 0.13 points at debt to capital in total, while cash flow to debt ratio is standing at 0.44. The debt to equity ratio resting at 0.15. The interest coverage ratio of the stock is 1.32.
Currently, EBITDA for the company is 389.8 million with net debt to EBITDA at -10.74. When we switch over and look at the enterprise to sales, we see a ratio of 12.86. The receivables turnover for the company is 12.92for trailing twelve months and the total asset turnover is 0.28. The liquidity ratio also appears to be rather interesting for investors as it stands at 12.01.
Conclusion
In a nutshell, Costar Group, Inc. (CSGP) has experienced a mixed performance in recent times. The stock has received mixed “buy” and “hold” ratings from analysts. It’s important to note that the stock is currently trading at a significant distance from its 50-day moving average and its 52-week high.
