Costar Group, Inc. (NASDAQ: CSGP) has experienced a rise in its stock price by 1.49 compared to its previous closing price of 74.40. However, the company has seen a fall of -0.66% in its stock price over the last five trading days. zacks.com reported 2024-07-18 that CoStar Group’s (CSGP) second-quarter 2024 top line is likely to reflect a robust portfolio of marketplaces, which includes Apartments.com, LoopNet and Homes.com.
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 104.50x. The 36-month beta value for CSGP is also noteworthy at 0.81. There are mixed opinions on the stock, with 6 analysts rating it as a “buy,” 5 rating it as “overweight,” 0 rating it as “hold,” and 0 rating it as “sell.”
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The public float for CSGP is 403.65M, and at present, short sellers hold a 2.14% of that float. The average trading volume of CSGP on July 23, 2024 was 2.42M shares.
CSGP’s Market Performance
CSGP stock saw an increase of -0.66% in the past week, with a monthly gain of 3.34% and a quarterly increase of -10.38%. The volatility ratio for the week is 2.26%, and the volatility levels for the last 30 days are 2.09% for Costar Group, Inc. (CSGP). The simple moving average for the last 20 days is 1.76% for CSGP’s stock, with a simple moving average of -9.32% for the last 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 -4.10% 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 -24.78% of loss for the given period.
Volatility was left at 2.09%, however, over the last 30 days, the volatility rate increased by 2.26%, as shares surge +2.12% for the moving average over the last 20 days. Over the last 50 days, in opposition, the stock is trading -16.40% lower at present.
During the last 5 trading sessions, CSGP fell by -0.66%, which changed the moving average for the period of 200-days by +0.47% in comparison to the 20-day moving average, which settled at $74.29. In addition, Costar Group, Inc. saw -13.59% in overturn over a single year, with a tendency to cut further losses.
Insider Trading
Reports are indicating that there were more than several insider trading activities at CSGP starting from SAINT FREDERICK G., who sale 2,500 shares at the price of $88.43 back on May 16 ’24. After this action, SAINT FREDERICK G. now owns 282,856 shares of Costar Group, Inc., valued at $221,075 using the latest closing price.
Ruggles Lisa, the Senior VP, Global Operations of Costar Group, Inc., sale 20,000 shares at $91.15 during a trade that took place back on May 09 ’24, which means that Ruggles Lisa is holding 172,616 shares at $1,823,000 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 10.68. 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
In summary, Costar Group, Inc. (CSGP) has had a bad performance as of late. Analysts have bullish opinions on the stock, with some viewing 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.
