The price-to-earnings ratio for Costar Group, Inc (NASDAQ: CSGP) is above average at 185.86x. The 36-month beta value for CSGP is also noteworthy at 0.82. There are mixed opinions on the stock, with 6 analysts rating it as a “buy,” 5 rating it as “overweight,” 4 rating it as “hold,” and 0 rating it as “sell.”
The public float for CSGP is 405.01M, and at present, short sellers hold a 2.94% of that float. The average trading volume of CSGP on November 27, 2024 was 2.70M shares.
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CSGP) stock’s latest price update
The stock of Costar Group, Inc (NASDAQ: CSGP) has decreased by -0.45 when compared to last closing price of 80.28.Despite this, the company has seen a gain of 10.86% in its stock price over the last five trading days. zacks.com reported 2024-11-21 that CoStar (CSGP) reported earnings 30 days ago. What’s next for the stock?
CSGP’s Market Performance
CSGP’s stock has risen by 10.86% in the past week, with a monthly rise of 7.55% and a quarterly rise of 4.44%. The volatility ratio for the week is 3.87% while the volatility levels for the last 30 days are 2.89% for Costar Group, Inc. The simple moving average for the past 20 days is 5.96% for CSGP’s stock, with a -0.86% 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 5.69% 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 -20.38% of loss for the given period.
Volatility was left at 2.89%, however, over the last 30 days, the volatility rate increased by 3.87%, as shares surge +9.12% for the moving average over the last 20 days. Over the last 50 days, in opposition, the stock is trading +5.53% upper at present.
During the last 5 trading sessions, CSGP rose by +10.86%, which changed the moving average for the period of 200-days by -3.57% in comparison to the 20-day moving average, which settled at $75.43. In addition, Costar Group, Inc saw -8.55% 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 MICHAEL DESMARAIS, who proposed sale 5,500 shares at the price of $79.88 back on Nov 26 ’24. After this action, MICHAEL DESMARAIS now owns shares of Costar Group, Inc, valued at $439,324 using the latest closing price.
KLEIN MICHAEL R, the Director of Costar Group, Inc, sale 71,633 shares at $74.69 during a trade that took place back on Oct 25 ’24, which means that KLEIN MICHAEL R is holding 1,913,501 shares at $5,350,269 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 10.85. 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
In summary, Costar Group, Inc (CSGP) has had a mixed 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.
