In the past week, CSGP stock has gone down by -0.04%, with a monthly decline of -5.61% and a quarterly surge of 6.10%. The volatility ratio for the week is 1.79%, and the volatility levels for the last 30 days are 2.79% for Costar Group, Inc. The simple moving average for the past 20 days is 1.17% for CSGP’s stock, with a 7.75% simple moving average for the past 200 days.
Is It Worth Investing in Costar Group, Inc. (NASDAQ: CSGP) Right Now?
Costar Group, Inc. (NASDAQ: CSGP) has a higher price-to-earnings ratio of 124.99x compared to its average ratio. CSGP has 36-month beta value of 0.88. Analysts have mixed views 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 403.31M, and currently, short sellers hold a 2.14% ratio of that float. The average trading volume of CSGP on May 09, 2024 was 2.35M shares.
CSGP) stock’s latest price update
Costar Group, Inc. (NASDAQ: CSGP)’s stock price has decreased by -2.31 compared to its previous closing price of 92.46. However, the company has seen a -0.04% decrease in its stock price over the last five trading sessions. Seeking Alpha reported 2024-05-07 that Real estate sector has underperformed this year, but I believe it is due to an erosion of perception, not value. Top real estate stocks have generally reported strong earnings results, beating estimates and raising guidance. Here are two top REITs to buy hand over fist.
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 -0.38% 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 -10.02% of loss for the given period.
Volatility was left at 2.79%, however, over the last 30 days, the volatility rate increased by 1.79%, as shares sank -0.36% for the moving average over the last 20 days. Over the last 50 days, in opposition, the stock is trading +6.40% upper at present.
During the last 5 trading sessions, CSGP fell by -0.04%, which changed the moving average for the period of 200-days by -0.29% in comparison to the 20-day moving average, which settled at $89.26. In addition, Costar Group, Inc. saw 3.35% 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 Wheeler Scott T, who sale 122,736 shares at the price of $92.61 back on Apr 26 ’24. After this action, Wheeler Scott T now owns 303,417 shares of Costar Group, Inc., valued at $11,366,581 using the latest closing price.
DESMARAIS MICHAEL J, the Chief Human Resources Officer of Costar Group, Inc., sale 3,800 shares at $92.67 during a trade that took place back on Apr 26 ’24, which means that DESMARAIS MICHAEL J is holding 64,087 shares at $352,146 based on the most recent closing price.
Stock Fundamentals for CSGP
Current profitability levels for the company are sitting at:
- 0.06 for the present operating margin
- 0.79 for the gross margin
The net margin for Costar Group, Inc. stands at 0.12. The total capital return value is set at 0.02. Equity return is now at value 4.11, with 3.35 for asset returns.
Based on Costar Group, Inc. (CSGP), the company’s capital structure generated 0.12 points at debt to capital in total, while cash flow to debt ratio is standing at 0.49. The debt to equity ratio resting at 0.14. The interest coverage ratio of the stock is 0.96.
Currently, EBITDA for the company is 389.8 million with net debt to EBITDA at -13.84. When we switch over and look at the enterprise to sales, we see a ratio of 13.07. The receivables turnover for the company is 12.44for 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 9.09.
Conclusion
To put it simply, Costar Group, Inc. (CSGP) has had a mixed performance in recent times. Analysts have a bullish opinion on the stock, with some rating it as a “buy” and others as a “hold”. 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.
