Costar Group Inc. (NASDAQ:CSGP) finished Friday with an addition of $0.08 to close at $76.89, an upside of 0.10 percent. An average of 1,308,700 shares of common stock have been traded in the last five days. There was a fall of -$1.17 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 1,595,055 shares traded, while the 50-day average volume stands at 1,789,284.
CSGP stock has decreased by -6.91% in the last month. The company shares reached their 1-month lowest point of $75.78 on 09/27/23. 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 lost -0.50% or -$0.39 in price. In spite of this, the price is down -16.75% 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 92 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 80.90. The stock’s beta is 0.90. Other valuation ratios to consider include the trailing price-to-sales (P/S) ratio at 13.53, the price-to-book (PB) ratio at 4.42, and the price-to-cash flow ratio at 59.11.
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 0.15 and a total debt to equity ratio of 0.15 for the quarter ending June 29. 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 4.77%.
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 29 September was 31.85%, suggesting the stock is Neutral, with historical volatility in this time frame at 23.27%.
As of today, CSGP’s price is $76.89 -1.50% or -$1.17 from its 5-day moving average. CSGP is currently trading -6.22% lower than its 20-day SMA and +3.49% higher than its 100-day SMA. However, the stock’s current price level is -14.77% below the SMA50 and -6.16% below the SMA200.
The stochastic %K and %D were 12.76% and 9.18%, respectively, and the average true range (ATR) was 1.54. With the 14-day stochastic at 16.97% and the average true range at 1.56, the RSI (14) stands at 35.05%. The stock has reached -1.31 on the 9-day MACD Oscillator while the 14-day reading was at -2.19.
