CoStar Group Inc. (NASDAQ: CSGP) is 1.75% higher on its value in year-to-date trading and has touched a low of $49.00 and a high of $85.37 in the current 52-week trading range. The question becomes, what are the chances the stock will continue to grow shareholders’ wealth in the market. Here’s what analysts think will happen to its price in the coming time. The CSGP stock was last observed hovering at around $78.75 in the last trading session, with the day’s loss setting it -0.12% off its average median price target of $92.00 for the next 12 months. It is also 22.91% off the consensus price target high of $102.00 offered by 14 analysts, but current levels are -3.46% lower than the price target low of $76.00 for the same period.
Currently trading at $78.63, the stock is 0.93% and -1.16% below its SMA20 and SMA50 respectively. However, with a daily trading volume of 1.52 million and changing -0.15% at the moment leaves the stock 12.19% off its SMA200. CSGP registered 10.87% gain for a year compared to 6-month gain of 27.67%.
The stock witnessed a 0.89% loss in the last 1 month and extending the period to 3 months gives it a 9.51%, and is -1.24% down over the last 5 days. If we measure the stock’s price variations over the week and the month, we find that the volatility rates stand at 2.45% over the week and 2.36% over the month.
CoStar Group Inc. (CSGP) has around 4742 employees, a market worth around $31.20B and $2.12B in sales. Current P/E ratio is 91.86 and Fwd P/E is 53.53. Profit margin for the company is 16.00%. Distance from 52-week low is 60.47% and -7.90% from its 52-week high. The company has generated returns on investments over the last 12 months (4.80%).
CoStar Group Inc. (CSGP) Analyst Forecasts
Analyst recommendations provided by FactSet shows that the consensus forecast for CoStar Group Inc. (CSGP) is a “Buy”. 14 analysts offering their recommendations for the stock have an average rating of 1.80, where 2 rate it as a Hold and 1 think it is a “Overweight”. 11 of the analysts rate the stock as a “Buy”. 0 analysts have rated the stock as a Sell or Underperform.
CoStar Group Inc. is expected to release its quarterly report on 04/25/2023.The EPS is expected to grow by 25.20% this year.
CoStar Group Inc. (CSGP) Top Institutional Holders
The shares outstanding are 406.69M, and float is at 402.42M with Short Float at 1.47%.
CoStar Group Inc. (CSGP) Insider Activity
A total of 14 insider transactions have happened at CoStar Group Inc. (CSGP) in the last six months, with sales accounting for 6 and purchases happening 8 times. The most recent transaction is an insider sale by Hill John W,the company’sDirector. SEC filings show that Hill John W sold 3,650 shares of the company’s common stock on Nov 03 at a price of $78.92 per share for a total of $0.29 million. Following the sale, the insider now owns 20734.0 shares.
CoStar Group Inc. disclosed in a document filed with the SEC on Oct 28 that DESMARAIS MICHAEL J (Chief Human Resources Officer) sold a total of 1,296 shares of the company’s common stock. The trade occurred on Oct 28 and was made at $82.81 per share for $0.11 million. Following the transaction, the insider now directly holds 36900.0 shares of the CSGP stock.
Still, SEC filings show that on Aug 10, Hill John W (Director) disposed off 1,400 shares at an average price of $74.49 for $0.1 million. The insider now directly holds 20,598 shares of CoStar Group Inc. (CSGP).
CoStar Group Inc. (CSGP): Who are the competitors?
The company’s main competitors (and peers) include TechTarget Inc. (TTGT) that is trading -38.49% down over the past 12 months.