Costar Group, Inc (NASDAQ: CSGP) has seen a rise in its stock price by 2.95 in relation to its previous close of 71.25. However, the company has experienced a -3.32% decline in its stock price over the last five trading sessions. businesswire.com reported 2024-11-13 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 present at this year’s RBC Capital Markets 2024 Global TIMT Conference. CFO Chris Lown and Head of Investor Relations Rich Simonelli will participate in a fireside chat on Wednesday, November 20, 2024, at 3:20 p.m. ET. Live and recorded versions of the webcast will both be available under the Events & Presentations se.
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 170.58x compared to its average ratio. CSGP has 36-month beta value of 0.81. Analysts have mixed views on the stock, with 6 analysts rating it as a “buy,” 5 as “overweight,” 4 as “hold,” and 0 as “sell.”
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The public float for CSGP is 405.01M, and currently, short sellers hold a 2.94% ratio of that float. The average trading volume of CSGP on November 19, 2024 was 2.56M shares.
CSGP’s Market Performance
The stock of Costar Group, Inc (CSGP) has seen a -3.32% decrease in the past week, with a -7.44% drop in the past month, and a -1.99% fall in the past quarter. The volatility ratio for the week is 2.81%, and the volatility levels for the past 30 days are at 2.92% for CSGP. The simple moving average for the past 20 days is -1.46% for CSGP’s stock, with a -9.20% simple moving average for the past 200 days.
Analysts’ Opinion of CSGP
Many brokerage firms have already submitted their reports for CSGP stocks, with RBC Capital Mkts repeating the rating for CSGP by listing it as a “Sector Perform.” The predicted price for CSGP in the upcoming period, according to RBC Capital Mkts is $83 based on the research report published on October 23, 2024 of the current year 2024.
Citigroup, on the other hand, stated in their research note that they expect to see CSGP reach a price target of $97, previously predicting the price at $90. The rating they have provided for CSGP stocks is “Buy” according to the report published on February 07th, 2024.
CSGP Trading at -3.10% 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 -26.93% of loss for the given period.
Volatility was left at 2.92%, however, over the last 30 days, the volatility rate increased by 2.81%, as shares sank -5.18% for the moving average over the last 20 days. Over the last 50 days, in opposition, the stock is trading -7.77% lower at present.
During the last 5 trading sessions, CSGP fell by -3.32%, which changed the moving average for the period of 200-days by -12.62% in comparison to the 20-day moving average, which settled at $74.44. In addition, Costar Group, Inc saw -16.07% 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 KLEIN MICHAEL R, who sale 71,633 shares at the price of $74.69 back on Oct 25 ’24. After this action, KLEIN MICHAEL R now owns 1,913,501 shares of Costar Group, Inc, valued at $5,350,269 using the latest closing price.
FLORANCE ANDREW C, the President and CEO of Costar Group, Inc, purchase 14,731 shares at $74.67 during a trade that took place back on Oct 25 ’24, which means that FLORANCE ANDREW C is holding 1,263,098 shares at $1,099,966 based on the most recent closing price.
Stock Fundamentals for CSGP
Current profitability levels for the company are sitting at:
- 0.01 for the present operating margin
- 0.78 for the gross margin
The net margin for Costar Group, Inc stands at 0.07. The total capital return value is set at 0.0. Equity return is now at value 2.38, with 1.96 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 0.43. The debt to equity ratio resting at 0.14. The interest coverage ratio of the stock is 0.42.
Currently, EBITDA for the company is 389.8 million with net debt to EBITDA at -22.46. When we switch over and look at the enterprise to sales, we see a ratio of 9.84. The receivables turnover for the company is 14.45for trailing twelve months and the total asset turnover is 0.29. The liquidity ratio also appears to be rather interesting for investors as it stands at 9.63.
Conclusion
To put it simply, Costar Group, Inc (CSGP) has had a bad 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.
