As of Friday close, CoStar Group Inc.’s (NASDAQ:CSGP) stock was down -$0.82, moving down -1.21 percent to $66.93. The average number of shares traded per day over the past five days has been 2,385,760 shares. 3 times new highs have been achieved over the past 5 days, with a -$0.15 fall in that time frame. In the last twenty days, the average volume was 2,779,250, while in the previous 50 days, it was 2,227,378.
Since last month, CSGP stock retreated -15.17%. Shares of the company fell to $66.07 on 03/15/23, the lowest level in the past month. A 52-week high of $85.37 was reached on 01/17/23 after having rallying from a 52-week low of $53.51. Since the beginning of this year, CSGP’s stock price has dropped by -13.39% or -$10.35, and marked a new high 5 times. However, the stock has declined by -21.60% since its 52-week high.
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Sponsored
CSGP stock investors should be aware that CoStar Group Inc. (CSGP) stock had its last reported insider trading activity 10 days ago on Mar 08. DESMARAIS MICHAEL J, the Chief Human Resources Officer of the company, disposed of 5,600 shares for $70.36 on Mar 08. It resulted in a $394,016 divestment by the insider. SIMURO FRANK sold 35,220 shares at an average price of $70.09 on Mar 01. The insider now owns 337,577 shares following the transaction. On Nov 03, Director Hill John W sold 3,650 shares at $78.92 apiece. The transaction was valued at $288,058.
Valuation Metrics
Right now, CoStar Group Inc. (CSGP) has a P/E ratio of about 72.20. The stock’s beta is 0.89. Besides these, the trailing price-to-sales (P/S) ratio of 12.81, the price-to-book (PB) ratio of 3.94, and the price-to-cash flow ratio of 63.04 may also be considered.
Financial Health
In the three months ended December 30, CoStar Group Inc.’s quick ratio stood at 13.90, while its current ratio was 13.90, showing that the company is able to pay off its debt. According to company report, the long-term debt-to-equity ratio for the quarter ending December 30 was 0.14, and the total debt-to-equity ratio was 0.14. On the profitability front, the trailing twelve-month gross margin is 81.00% percent. In the year ended December 30, operating margins totaled 20.70%. Based on annual data, CSGP earned $1.77 billion in gross profit and brought in $2.18 billion in revenue.
A company’s management is another factor that investors consider when determining the profitability of an investment. In the past year, return on investment (ROI) was 4.20%. Return on equity (ROE) for the past 12 months was 5.90%.
In CoStar Group Inc.’s quarter-end financial report for December 30, it reported total debt of $988.89 million. According to the earnings report, the company had a higher net income in the recent quarter than it did in the previous quarter. CSGP’s revenue rose 11.61% to $556.92 million during the quarter, while net income inched up to $573.35 million. While analysts expected CoStar Group Inc. to report $0.36 quarterly earnings, the actual figure was $0.38 per share, beating the consensus estimate by 5.60%. During the quarter, the company generated $176.37 million in EBITDA. The liabilities of CoStar Group Inc. were 1.53 billion at the end of its most recent quarter ended December 30, and its total debt was $1.1 billion. The value of shareholders’ equity is $406.77 million.
Technical Picture
This quick technical analysis looks at CoStar Group Inc.’s (CSGP) price momentum. With a historical volatility rate of 17.54%, the RSI 9-day stood at 28.50% on 17 March.
With respect to its five-day moving average, the current CoStar Group Inc. price is down by -0.22% percent or -$0.15. At present, CSGP shares trade -14.39% below its 20-day simple moving average and -6.78% percent below its 100-day simple moving average. However, the stock is currently trading approximately -14.19% below its SMA50 and +9.83% above its SMA200.
Stochastic coefficient K was 18.84% and Stochastic coefficient D was 18.52%, while ATR was 1.61. Given the Stochastic reading of 12.72% for the 14-day period, the RSI (14) reading has been calculated as 31.21%. As of today, the MACD Oscillator reading stands at -0.82, while the 14-day reading stands at -1.92.
Analyst Ratings
JP Morgan launched its rating on CoStar Group Inc. (NASDAQ: CSGP) to an Overweight in a note to investors on December 16, 2022. CoStar Group Inc. (CSGP) has been rated Buy by analysts. According to 0 brokerage firms, CSGP is a sell, and 3 firms recommend it is a Hold. There are 0 analysts who say the stock is underweight. A total of 1 analyst rate CoStar Group Inc. stock as buy, with 11 recommending it as overweight.
With a median target price of $85.00, the current consensus forecast for the stock is $65.00 – $100.00. Based on these forecasts, analysts predict CoStar Group Inc. (CSGP) will achieve an average price target of $84.31.