Closing Bell Recap: Costar Group, Inc. (CSGP) Ends at 84.18, Reflecting a -1.50 Downturn

Investors seeking to outperform the market often focus on hand-picking stocks. Selecting the right ones has proven to be a key factor in boosting wealth.

Costar Group, Inc. (NASDAQ: CSGP) closed the day trading at $84.18 down -1.50% from the previous closing price of $85.46. In other words, the price has decreased by -$1.50 from its previous closing price. On the day, 1.27 million shares were traded. CSGP stock price reached its highest trading level at $86.19 during the session, while it also had its lowest trading level at $84.125.

Ratios:

For a better understanding of CSGP, let’s look at its different ratios. It provided that stocks Price–to–Cash (P/C) ratio for the trailing twelve months (TTM) is standing at 6.59 whereas its Price-to-Free Cash Flow (P/FCF) for the term is 99.16. For the most recent quarter (mrq), Quick Ratio is recorded 12.01 and its Current Ratio is at 12.01. In the meantime, Its Debt-to-Equity ratio is 0.15 whereas as Long-Term Debt/Eq ratio is at 0.14.

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, Citigroup on February 07, 2024, Reiterated its Buy rating but revised its target price to $97 from $90 previously.

Insider Transactions:

The insider trade also gives investors a glimpse into the future direction of stock prices, which can be beneficial to investors. A recent insider transaction in this stock occurred on Nov 28 ’23 when Hill John W sold 3,020 shares for $84.07 per share. The transaction valued at 253,891 led to the insider holds 17,870 shares of the business.

NASSETTA CHRISTOPHER J sold 1,500 shares of CSGP for $116,790 on Nov 08 ’23. The Director now owns 273,615 shares after completing the transaction at $77.86 per share. On Jun 30 ’23, another insider, Ruggles Lisa, who serves as the Senior VP, Global Research of the company, sold 30,474 shares for $91.42 each. As a result, the insider received 2,785,933 and left with 156,208 shares of the company.

Valuation Measures:

Investors should consider key stock statistics when deciding whether to invest or divest. In the wake of the recent closing price, CSGP now has a Market Capitalization of 34379870208 and an Enterprise Value of 30260496384. As of this moment, Costar’s Price-to-Earnings (P/E) ratio for their current fiscal year is 91.44, and their Forward P/E ratio for the next fiscal year is 67.16. The expected Price-to-Earnings-to-Growth (PEG) calculation for the next 5 years is 4.57. For the stock, the TTM Price-to-Sale (P/S) ratio is 14.00 while its Price-to-Book (P/B) ratio in mrq is 4.68. Its current Enterprise Value per Revenue stands at 12.326 whereas that against EBITDA is 77.631.

Stock Price History:

Over the past 52 weeks, CSGP has reached a high of $100.38, while it has fallen to a 52-week low of $67.35. The 50-Day Moving Average of the stock is -5.25%, while the 200-Day Moving Average is calculated to be 0.45%.

Shares Statistics:

Over the past 3-months, CSGP traded about 2.22M shares per day on average, while over the past 10 days, CSGP traded about 1784880 shares per day. A total of 408.10M shares are outstanding, with a floating share count of 403.38M. Insiders hold about 1.23% of the company’s shares, while institutions hold 97.90% stake in the company. Shares short for CSGP as of 1711584000 were 8710386 with a Short Ratio of 3.92, compared to 1709164800 on 5674878. Therefore, it implies a Short% of Shares Outstanding of 8710386 and a Short% of Float of 2.42.

Earnings Estimates

At present, CoStar Group, Inc. analysts are actively evaluating the performance of Costar Group, Inc. (CSGP) in the stock market.The consensus estimate for the next quarter is $48.40, with high estimates of $0.00 and low estimates of $0.10.

Analysts are recommending an EPS of between $Basic Materials and $Industrials for the fiscal current year, implying an average EPS of $Technology.

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