Are You Looking To Buy CoStar Group Inc. (CSGP)? First, Read This

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CoStar Group Inc. (NASDAQ:CSGP) finished Wednesday with a subtraction of -$1.13 to close at $69.65, a downside of -1.60 percent. An average of 13,379,180 shares of common stock have been traded in the last five days. There was a fall of -$4.32 in the past week, and it reached a new high 11 times over the past 12 months. The last 20 days have seen an average of 5,467,655 shares traded, while the 50-day average volume stands at 3,119,250.

CSGP stock has decreased by -2.68% in the last month. The company shares reached their 1-month lowest point of $67.52 on 09/01/22. With the stock rallying to its 52-week high on 01/03/22, shares of the company touched a low of $49.00 and a high of $101.05 in 52 weeks. It has reached a new high 1 time so far this year and lost -11.87% or -$9.38 in price. In spite of this, the price is down -31.07% from the 52-week high.


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Insider Transactions

43 days have passed since CoStar Group Inc. (CSGP) last reported insider trading activity. Hill John W, who is Director, most recently acquired $1,400 shares at $74.49 per share on Aug 10. In this transaction, the insider spent $104,286. Chief Human Resources Officer, DESMARAIS MICHAEL J, disposed of 2,000 shares at a price of $72.51 on Aug 03. The insider now owns more than $145,020 worth of shares. Prior to that, Director Hill John W went on to Sale 1,750 shares at $57.07 each on May 24. An amount of $99,872 was transacted.

Valuation Metrics

CoStar Group Inc. (CSGP) has a trailing price-to-earnings (P/E) ratio of 83.21. The stock’s beta is 0.92. Other valuation ratios to consider include the trailing price-to-sales (P/S) ratio at 13.79, the price-to-book (PB) ratio at 4.66, and the price-to-cash flow ratio at 73.96.

Financial Health

The quick ratio of CoStar Group Inc. for the three months ended June 29 was 11.90, and the current ratio was 11.90, indicating that the company is able to meet its debt obligations. Further, the company has a long term debt to equity ratio of 0.17 and a total debt to equity ratio of 0.17 for the quarter ending June 29. Its gross profit as reported stood at $1.59 billion compared to revenue of $1.94 billion.

For investors, determining the potential profitability of the investment also depends on the performance of the company’s management. In the past 12 months, CoStar Group Inc.’s return on assets was 4.50%.

Earnings Surprise

For the three-month period that ended June 29, CoStar Group Inc. had $988.57 million in total debt. In the quarter under review, the net income was up than the previous quarter. The company posted a net income of $83.47 million in the quarter, while revenues of $89.32 million were grew 26.74%. The analyst consensus anticipated CoStar Group Inc.’s latest quarter earnings to come in at $0.21 per share, but it turned out to be $0.28, a 33.30% surprise. For the quarter, EBITDA amounted to $161.12 million. Shareholders own equity worth $395.95 million.

Technical Picture

From a technical analysis perspective, let’s take a brief look at CoStar Group Inc. (CSGP) price momentum. RSI 9-day as of the close on 21 September was 35.25%, suggesting the stock is Neutral, with historical volatility in this time frame at 24.17%.

As of today, CSGP’s price is $71.09 -5.84% or -$4.32 from its 5-day moving average. CSGP is currently trading -2.51% lower than its 20-day SMA and +6.40% higher than its 100-day SMA. However, the stock’s current price level is +16.67% above the SMA50 and -11.58% below the SMA200.

The stochastic %K and %D were 28.23% and 31.37%, respectively, and the average true range (ATR) was 2.48. With the 14-day stochastic at 18.15% and the average true range at 2.33, the RSI (14) stands at 41.68%. The stock has reached -2.82 on the 9-day MACD Oscillator while the 14-day reading was at -3.21.

Analyst Ratings

BMO Capital Markets launched coverage on CoStar Group Inc. (NASDAQ: CSGP) in its analyst report released on September 12, 2022. The firm assigned the stock a Market perform rating. The consensus rating for CoStar Group Inc. (CSGP) among analysts is Buy. According to current brokerage recommendations, 0 brokerage firms advise that investors sell CSGP, while 2 suggest investors hold. There are 0 analysts who rate the stock as underweight. The stock is rated overweight by 1 analysts, while 9 others rate it as a “buy”.

What is CSGP’s price target for the next 12 months?

Analysts predict a range of price targets between $67.00 and $92.00, with a median target of $84.00. Taking a look at these predictions, the average price target given by analysts for CoStar Group Inc. (CSGP) stock is $82.91.

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