Is CoStar Group Inc. (NASDAQ:CSGP) an excellent stock to buy at the moment?

The price of CoStar Group Inc. (NASDAQ: CSGP) closed at 70.10 in the last session, up 0.65% from day before closing price of $69.65. In other words, the price has increased by $+0.45 from its previous closing price. On the day, 4004596 shares were traded. CSGP reached its highest trading level at $70.54 during the session, while it also had its lowest trading level at $68.17.

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Ratios:

We take a closer look at CSGP’s different ratios to gain a better understanding of the stock. It provided that stocks Price–to–Cash (P/C) ratio for the trailing twelve months (TTM) is standing at 7.20 whereas its Price-to-Free Cash Flow (P/FCF) for the term is 74.43. For the most recent quarter (mrq), Quick Ratio is recorded 11.90 and its Current Ratio is at 11.90. In the meantime, Its Debt-to-Equity ratio is 0.17 whereas as Long-Term Debt/Eq ratio is at 0.17.

Upgrades & Downgrades

In addition, analysts’ ratings and any changes thereto give investors an idea of the stock’s future direction. In the most recent recommendation for this company, BMO Capital Markets on September 12, 2022, initiated with a Market Perform rating and assigned the stock a target price of $83.

On February 23, 2022, Truist reiterated its Buy rating and also upped its target price recommendation from $110 to $70.

RBC Capital Mkts reiterated its Outperform rating for the stock on February 23, 2022, while the target price for the stock was revised from $85 to $60.

Insider Transactions:

An investor can also benefit from insider trades by learning what management is thinking about the future direction of stock prices. A recent insider transaction in this stock occurred on Aug 10 when Hill John W sold 1,400 shares for $74.49 per share. The transaction valued at 104,286 led to the insider holds 20,598 shares of the business.

DESMARAIS MICHAEL J sold 2,000 shares of CSGP for $145,020 on Aug 03. The Chief Human Resources Officer now owns 39,619 shares after completing the transaction at $72.51 per share. On May 24, another insider, Hill John W, who serves as the Director of the company, sold 1,750 shares for $57.07 each. As a result, the insider received 99,872 and left with 21,998 shares of the company.

Valuation Measures:

As of this moment, CoStar’s Price-to-Earnings (P/E) ratio for their current fiscal year is 83.75, and their Forward P/E ratio for the next fiscal year is 52.67. The expected Price-to-Earnings-to-Growth (PEG) calculation for the next 5 years is 4.19. For the stock, the TTM Price-to-Sale (P/S) ratio is 13.88 while its Price-to-Book (P/B) ratio in mrq is 4.69.

Stock Price History:

Over the past 52 weeks, CSGP has reached a high of $101.05, while it has fallen to a 52-week low of $49.00. The 50-Day Moving Average of the stock is 70.64, while the 200-Day Moving Average is calculated to be 66.56.

Shares Statistics:

According to the various share statistics, CSGP traded on average about 2.88M shares per day over the past 3-months and 8.64M shares per day over the past 10 days. A total of 393.34M shares are outstanding, with a floating share count of 391.56M. Insiders hold about 0.70% of the company’s shares, while institutions hold 99.20% stake in the company. Shares short for CSGP as of Jul 14, 2022 were 3.41M with a Short Ratio of 0.91, compared to 4.26M on Jun 14, 2022. Therefore, it implies a Short% of Shares Outstanding of 0.86% and a Short% of Float of 0.87%.

Earnings Estimates

The company has 11 analysts who recommend its stock at the moment. On average, analysts expect EPS of $0.21 for the current quarter, with a high estimate of $0.23 and a low estimate of $0.18, while EPS last year was $0.25. The consensus estimate for the next quarter is $0.29, with high estimates of $0.32 and low estimates of $0.28.

Analysts are recommending an EPS of between $1.03 and $1 for the fiscal current year, implying an average EPS of $1.02. EPS for the following year is $1.28, with 12 analysts recommending between $1.4 and $1.18.

Revenue Estimates

According to 10 analysts, the current quarter’s revenue is expected to be $554.98M. It ranges from a high estimate of $556.4M to a low estimate of $551.11M. As of the current estimate, CoStar Group Inc.’s year-ago sales were $497.89M, an estimated increase of 11.50% from the year-ago figure. For the next quarter, 10 analysts are estimating revenue of $570.63M, an increase of 12.60% over than the figure of $11.50% in the same quarter last year. There is a high estimate of $572.68M for the next quarter, whereas the lowest estimate is $568.28M.

A total of 12 analysts have provided revenue estimates for CSGP’s current fiscal year. The highest revenue estimate was $2.18B, while the lowest revenue estimate was $2.17B, resulting in an average revenue estimate of $2.18B. In the same quarter a year ago, actual revenue was $1.94B, up 12.00% from the average estimate. Based on 12 analysts’ estimates, the company’s revenue will be $2.52B in the next fiscal year. The high estimate is $2.63B and the low estimate is $2.46B. The average revenue growth estimate for next year is up 15.80% from the average revenue estimate for this year.