CoStar Group Inc. (NASDAQ:CSGP) finished Wednesday with a subtraction of -$0.63 to close at $81.25, a downside of -0.77 percent. An average of 1,344,400 shares of common stock have been traded in the last five days. There was a fall of -$0.93 in the past week, and it reached a new high 18 times over the past 12 months. The last 20 days have seen an average of 2,535,580 shares traded, while the 50-day average volume stands at 3,436,874.
CSGP stock has decreased by -8.02% in the last month. The company shares reached their 1-month lowest point of $80.07 on 07/27/23. With the stock rallying to its 52-week high on 06/30/23, shares of the company touched a low of $65.12 and a high of $92.36 in 52 weeks. It has reached a new high 17 times so far this year and achieved 5.14% or $3.97 in price. In spite of this, the price is down -12.03% from the 52-week high.
Insider Transactions
CSGP stock investors should be aware that CoStar Group Inc. (CSGP) stock had its last reported insider trading activity 41 days ago on Jun 30. In this transaction, the insider spent $2,785,933. Chief Financial Officer, Wheeler Scott T, disposed of 21,530 shares at a price of $89.30 on Jun 28. The insider now owns more than $1,922,629 worth of shares. Prior to that, Chief Technology Officer SIMURO FRANK went on to Sale 92,300 shares at $89.65 each on Jun 27. An amount of $8,274,695 was transacted.
Valuation Metrics
CoStar Group Inc. (CSGP) has a trailing price-to-earnings (P/E) ratio of 85.53. The stock’s beta is 0.89. Other valuation ratios to consider include the trailing price-to-sales (P/S) ratio at 14.21, the price-to-book (PB) ratio at 4.64, and the price-to-cash flow ratio at 69.71.
Financial Health
The quick ratio of CoStar Group Inc. for the three months ended June 29 was 12.30, and the current ratio was 12.30, indicating that the company is able to meet its debt obligations. Further, the company has a long term debt to equity ratio of 0.14 and a total debt to equity ratio of 0.14 for the quarter ending June 29. CoStar Group Inc.’s EBITDA margin for the year ending June 29 is 28.74%, while its operating margin for the same period stands at 15.70%. Its gross profit as reported stood at $1.77 billion compared to revenue of $2.18 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 $989.86 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 $100.52 million in the quarter, while revenues of $87.13 million were grew 16.96%. The analyst consensus anticipated CoStar Group Inc.’s latest quarter earnings to come in at $0.3 per share, but it turned out to be $0.31, a 3.30% surprise. For the quarter, EBITDA amounted to $129.19 million. Shareholders own equity worth $408.34 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 09 August was 35.37%, suggesting the stock is Neutral, with historical volatility in this time frame at 21.68%.
As of today, CSGP’s price is $81.40 -1.13% or -$0.93 from its 5-day moving average. CSGP is currently trading -8.23% lower than its 20-day SMA and +19.93% higher than its 100-day SMA. However, the stock’s current price level is +3.52% above the SMA50 and +15.13% above the SMA200.
The stochastic %K and %D were 12.41% and 11.72%, respectively, and the average true range (ATR) was 1.95. With the 14-day stochastic at 9.95% and the average true range at 2.01, the RSI (14) stands at 39.09%. The stock has reached -0.44 on the 9-day MACD Oscillator while the 14-day reading was at -2.41.
Analyst Ratings
JP Morgan launched coverage on CoStar Group Inc. (NASDAQ: CSGP) in its analyst report released on December 16, 2022. The firm assigned the stock an Overweight rating. The consensus rating for CoStar Group Inc. (CSGP) among analysts is Overweight. According to current brokerage recommendations, 0 brokerage firms advise that investors sell CSGP, while 3 suggest investors hold. There are 0 analysts who rate the stock as underweight. The stock is rated overweight by 2 analysts, while 10 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 $80.00 and $114.00, with a median target of $100.00. Taking a look at these predictions, the average price target given by analysts for CoStar Group Inc. (CSGP) stock is $98.31.
