The stock of CoStar Group Inc. (NASDAQ:CSGP) increased by $0.64 on Friday to finish at $80.20, up 0.80 percent. The last five days have seen an average of 943,200 shares of common stock traded. 17 times new highs were reached in the current year, with a gain of $2.92. The average number of shares traded over the last 20 days was 1,273,310, while the average volume over the last 50 days totaled 3,225,814.
CSGP stock appreciated 0.05% since last month. On 08/18/23, the company’s shares reached a one-month low of $77.17. The stock touched a high of $92.36 on 06/30/23, after rallying from a low of $65.12 in 52 weeks. The price of CSGP stock has risen by 3.78% or $2.92 this year, reaching a new high 17 times. Still, the stock price is down -13.17% from the 52-week high.
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Insider Transactions
CSGP stock investors should be aware that CoStar Group Inc. (CSGP) stock had its last reported insider trading activity 59 days ago on Jun 30. On Jun 30, Senior VP, Global Research Ruggles Lisa sold 30,474 shares at $91.42 each. This transaction resulted in the insider making $2,785,933. On Jun 28, Wheeler Scott T sold 21,530 shares at a price of US$89.30. After the transaction, the insider now owns 324,714 shares. Chief Technology Officer SIMURO FRANK had earlier sold 92,300 shares on Jun 27 for $89.65 a share. The transaction was completed for $8,274,695.
Valuation Metrics
CoStar Group Inc. (CSGP) has a trailing price-to-earnings (P/E) ratio of 84.42. Beta for the stock is 0.90. There are also a few other valuation ratios worth considering, including the trailing price-to-sales (P/S) ratio of 14.00, the price-to-book (PB) ratio of 4.58, and the price-to-cash flow ratio of 68.67.
Financial Health
For the three months ended June 29, CoStar Group Inc.’s quick ratio was 12.30, while its current ratio was 12.30, indicating its ability to pay off its debt. The company’s long-term debt to equity ratio for the quarter ending June 29 is 0.14, and the total debt to equity ratio is 0.14. As far as profitability goes, gross margin for the trailing twelve months is 80.60% percent. CoStar Group Inc.’s EBITDA margin for the year ended June 29 was 28.74%, whereas its operating margin stood at 15.70% for the same period. Based on annual data, it had gross profit of $1.77 billion and revenue of $2.18 billion.
Investors will also look at the performance of the company’s management in order to determine the potential profitability of their investment. CSGP’s return on assets (ROA) during the last 12 months has been 4.50%. There was a 4.20% return on investment (ROI) in the past year. In the meantime, the return on equity (ROE) for the last 12 months was 5.60%.
Earnings Surprise
According to CoStar Group Inc.’s quarterly financial report for the quarter that ended June 29. A higher net income was reported in the quarter under review than the previous quarter. Net income for the quarter came in at $605.91 million, while revenues rose by 11.49% to $584.37 million. It was predicted that CoStar Group Inc.’s quarterly earnings would be $0.31, but it ended up being $0.3, beating the consensus by 3.30%. EBITDA was $129.19 million for the quarter. At the end of CoStar Group Inc.’s most recent quarter ended June 29, its liabilities totaled 1.59 billion, while its total debt was $1.1 billion. Equity owned by shareholders amounts to $408.34 million.
Technical Picture
Here’s a quick look at CoStar Group Inc.’s (CSGP) price momentum from a technical perspective. As of 25 August, the RSI 9-day stood at 46.70%, suggesting the stock is Neutral, with a 18.14% historical volatility rate.
The stochastic %K and %D were 54.12% and 46.79% respectively, while the average true range (ATR) was 1.58. Based on the 14-day stochastic reading of 57.60%, the RSI (14) reading is 43.83%. On the 9-day MACD Oscillator, the stock is at 0.79, and the 14-day reading is at 0.09.
Analyst Ratings
In its analyst report released on December 16, 2022, JP Morgan began covering CoStar Group Inc. (NASDAQ: CSGP). The stock was rated as an Overweight by the brokerage firm. Analysts have assigned CoStar Group Inc. (CSGP) an Overweight rating. CSGP is a stock that is recommended for selling by 0 brokerage firms, while 3 companies recommend holding. The stock is underweighted by 0 analysts. Among the analysts who rate the stock, 2 rates it overweight and 10 others recommend it as a buy.
What is CSGP’s price target for the next 12 months?
The current consensus forecast for the stock is between $80.00 and $114.00, with a median target price of $100.00. In analyzing these forecasts, the average price target given by analysts for CoStar Group Inc. (CSGP) is $98.31.
