As of Thursday close, CoStar Group Inc.’s (NASDAQ:CSGP) stock was down -$2.9, moving down -3.57 percent to $78.23. The average number of shares traded per day over the past five days has been 2,186,980 shares. 2 times new highs have been achieved over the past 5 days, with a -$2.43 fall in that time frame. In the last twenty days, the average volume was 1,579,920, while in the previous 50 days, it was 1,864,440.
Since last month, CSGP stock retreated -1.07%. Shares of the company fell to $78.07 on 09/21/23, the lowest level in the past month. A 52-week high of $92.36 was reached on 06/30/23 after having rallying from a 52-week low of $65.12. Since the beginning of this year, CSGP’s stock price has risen by 1.23% or $0.95, and marked a new high 17 times. However, the stock has declined by -15.30% since its 52-week high.
CSGP stock investors should be aware that CoStar Group Inc. (CSGP) stock had its last reported insider trading activity 84 days ago on Jun 30. Ruggles Lisa, the Senior VP, Global Research of the company, disposed of 30,474 shares for $91.42 on Jun 30. It resulted in a $2,785,933 divestment by the insider. Wheeler Scott T sold 21,530 shares at an average price of $89.30 on Jun 28. The insider now owns 324,714 shares following the transaction. On Jun 27, Chief Technology Officer SIMURO FRANK sold 92,300 shares at $89.65 apiece. The transaction was valued at $8,274,695.
Valuation Metrics
Right now, CoStar Group Inc. (CSGP) has a P/E ratio of about 82.35. The stock’s beta is 0.89. Besides these, the trailing price-to-sales (P/S) ratio of 14.03, the price-to-book (PB) ratio of 4.47, and the price-to-cash flow ratio of 68.83 may also be considered.
Financial Health
In the three months ended June 29, CoStar Group Inc.’s quick ratio stood at 12.30, while its current ratio was 12.30, 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 June 29 was 0.14, and the total debt-to-equity ratio was 0.14. On the profitability front, the trailing twelve-month gross margin is 80.60% percent. In the year ended June 29, EBITDA margin amounted to 28.74%, whereas operating margins totaled 15.70%. 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 5.60%.
In CoStar Group Inc.’s quarter-end financial report for June 29, it reported total debt of $989.86 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 11.49% to $584.37 million during the quarter, while net income inched up to $605.91 million. While analysts expected CoStar Group Inc. to report $0.3 quarterly earnings, the actual figure was $0.31 per share, beating the consensus estimate by 3.30%. During the quarter, the company generated $129.19 million in EBITDA. The liabilities of CoStar Group Inc. were 1.59 billion at the end of its most recent quarter ended June 29, and its total debt was $1.1 billion. The value of shareholders’ equity is $408.34 million.
Technical Picture
This quick technical analysis looks at CoStar Group Inc.’s (CSGP) price momentum. With a historical volatility rate of 21.85%, the RSI 9-day stood at 33.07% on 21 September.
With respect to its five-day moving average, the current CoStar Group Inc. price is down by -3.01% percent or -$2.43. At present, CSGP shares trade -2.60% below its 20-day simple moving average and +1.66% percent above its 100-day simple moving average. However, the stock is currently trading approximately -11.64% below its SMA50 and -6.27% below its SMA200.
Stochastic coefficient K was 26.73% and Stochastic coefficient D was 27.58%, while ATR was 1.67. Given the Stochastic reading of 2.63% for the 14-day period, the RSI (14) reading has been calculated as 37.10%. As of today, the MACD Oscillator reading stands at -0.65, while the 14-day reading stands at -1.55.
Analyst Ratings
CoStar Group Inc. (CSGP) has been rated Overweight 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 2 analysts rate CoStar Group Inc. stock as buy, with 11 recommending it as overweight.
With a median target price of $100.00, the current consensus forecast for the stock is $80.00 – $114.00. Based on these forecasts, analysts predict CoStar Group Inc. (CSGP) will achieve an average price target of $98.43.
