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Costar Group, Inc. (CSGP) Stock Could Soon Reward Patient Investors

Costar Group, Inc. (NASDAQ: CSGP) is -3.58% lower on its value in year-to-date trading and has touched a low of $67.35 and a high of $100.38 in the current 52-week trading range. The question becomes, what are the chances the stock will make a comeback and enjoy potential growth. Why not look at analysts view on what the future holds for the stock. The CSGP stock was last observed hovering at around $84.18 in the last trading session, with the day’s gains setting it 0.08%.

Currently trading at $84.26, the stock is -9.01% and -5.17% below its SMA20 and SMA50 respectively. However, with a daily trading volume of 2.07 million and changing 0.10% at the moment leaves the stock 0.57% off its SMA200. CSGP registered 20.91% gain for a year compared to 6-month gain of 8.50%.

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The stock witnessed a -12.51% loss in the last 1 month and extending the period to 3 months gives it a 2.34%, and is -6.73% 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 2.79% over the week and 2.53% over the month.

Costar Group, Inc. (CSGP) has around 6152 employees, a market worth around $34.41B and $2.46B in sales. Current P/E ratio is 91.53 and Fwd P/E is 67.22. Profit margin for the company is 15.26%. Distance from 52-week low is 25.11% and -16.06% from its 52-week high. The company has generated returns on investments over the last 12 months (4.46%).

Costar Group, Inc. quarterly earnings per share for the current quarter are estimated at $0.07 with sales reaching $649.68M over the same period.The EPS is expected to shrink by -51.07% this year, but quarterly earnings will post 12.80% year-over-year. Quarterly sales are estimated to grow 11.20% in year-over-year returns.

Costar Group, Inc. (CSGP) Top Institutional Holders

The shares outstanding are 408.10M, and float is at 403.38M with Short Float at 2.16%.

Costar Group, Inc. (CSGP) Insider Activity

The most recent transaction is an insider sale by Hill John W,the company’sDirector. SEC filings show that Hill John W sold 3,020 shares of the company’s common stock on Nov 28 ’23 at a price of $84.07 per share for a total of $0.25 million. Following the sale, the insider now owns 17870.0 shares.

Costar Group, Inc. disclosed in a document filed with the SEC on Nov 08 ’23 that NASSETTA CHRISTOPHER J (Director) sold a total of 1,500 shares of the company’s common stock. The trade occurred on Nov 08 ’23 and was made at $77.86 per share for $0.12 million. Following the transaction, the insider now directly holds 0.27 million shares of the CSGP stock.

Still, SEC filings show that on Jun 30 ’23, Ruggles Lisa (Senior VP, Global Research) disposed off 30,474 shares at an average price of $91.42 for $2.79 million. The insider now directly holds 156,208 shares of Costar Group, Inc. (CSGP).

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