Costar Group, Inc. (NASDAQ: CSGP) closed the day trading at $85.35 down -2.66% from the previous closing price of $87.68. In other words, the price has decreased by -$2.33 from its previous closing price. On the day, 2385767 shares were traded.
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 6.68 whereas its Price-to-Free Cash Flow (P/FCF) for the term is 100.54. 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 34.86B and an Enterprise Value of 30.75B. As of this moment, Costar’s Price-to-Earnings (P/E) ratio for their current fiscal year is 92.71, and their Forward P/E ratio for the next fiscal year is 66.30. The expected Price-to-Earnings-to-Growth (PEG) calculation for the next 5 years is 4.64. For the stock, the TTM Price-to-Sale (P/S) ratio is 14.20 while its Price-to-Book (P/B) ratio in mrq is 4.75. Its current Enterprise Value per Revenue stands at 12.53 whereas that against EBITDA is 78.89.
Stock Price History:
Over the past 52 weeks, CSGP has reached a high of $92.36, while it has fallen to a 52-week low of $65.12. The 50-Day Moving Average of the stock is 84.18, while the 200-Day Moving Average is calculated to be 82.46.
Shares Statistics:
Over the past 3-months, CSGP traded about 2.06M shares per day on average, while over the past 10 days, CSGP traded about 2.37M shares per day. A total of 408.10M shares are outstanding, with a floating share count of 403.34M. Insiders hold about 1.24% of the company’s shares, while institutions hold 97.68% stake in the company. Shares short for CSGP as of Feb 15, 2024 were 4.75M with a Short Ratio of 2.31, compared to 4.93M on Jan 12, 2024. Therefore, it implies a Short% of Shares Outstanding of 1.16% and a Short% of Float of 1.32%.
Earnings Estimates
Current recommendations for the stock of the company come from 14 analysts. On average, analysts expect EPS of $0.06 for the current quarter, with a high estimate of $0.07 and a low estimate of $0.06, while EPS last year was $0.29. The consensus estimate for the next quarter is $0.1, with high estimates of $0.17 and low estimates of $0.07.
Analysts are recommending an EPS of between $0.64 and $0.56 for the fiscal current year, implying an average EPS of $0.6. EPS for the following year is $1.29, with 14 analysts recommending between $1.7 and $1.
Revenue Estimates
15 analysts predict $649.47M in revenue for the current quarter. It ranges from a high estimate of $656.79M to a low estimate of $647.41M. As of the current estimate, Costar Group, Inc.’s year-ago sales were $584.37M, an estimated increase of 11.10% from the year-ago figure. For the next quarter, 15 analysts are estimating revenue of $678.86M, an increase of 12.00% over than the figure of $11.10% in the same quarter last year. There is a high estimate of $683.9M for the next quarter, whereas the lowest estimate is $672.8M.
A total of 16 analysts have provided revenue estimates for CSGP’s current fiscal year. The highest revenue estimate was $2.79B, while the lowest revenue estimate was $2.76B, resulting in an average revenue estimate of $2.77B. In the same quarter a year ago, actual revenue was $2.46B, up 12.80% from the average estimate. Based on 16 analysts’ estimates, the company’s revenue will be $3.26B in the next fiscal year. The high estimate is $3.33B and the low estimate is $3.18B. The average revenue growth estimate for next year is up 17.70% from the average revenue estimate for this year.
