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Check out this: Costar Group, Inc. (CSGP) could be on the verge of a big rally

Costar Group, Inc. (NASDAQ: CSGP) is -14.36% 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 $75.51 in the last trading session, with the day’s loss setting it -0.67%.

Currently trading at $74.84, the stock is 0.75% and -4.59% below its SMA20 and SMA50 respectively. However, with a daily trading volume of 3.54 million and changing -0.89% at the moment leaves the stock -10.13% off its SMA200. CSGP registered -17.47% loss for a year compared to 6-month loss of -10.15%.

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The stock witnessed a 1.22% gain in the last 1 month and extending the period to 3 months gives it a -12.27%, and is -2.77% 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 2.48% over the week and 2.14% over the month.

Costar Group, Inc. (CSGP) has around 6152 employees, a market worth around $30.57B and $2.53B in sales. Current P/E ratio is 103.57 and Fwd P/E is 59.08. Profit margin for the company is 11.64%. Distance from 52-week low is 11.12% and -25.44% from its 52-week high. The company has generated returns on investments over the last 12 months (3.51%).

The EPS is expected to shrink by -49.06% this year.

Costar Group, Inc. (CSGP) Top Institutional Holders

The shares outstanding are 408.10M, and float is at 403.65M with Short Float at 2.14%.

Costar Group, Inc. (CSGP) Insider Activity

The most recent transaction is an insider sale by SAINT FREDERICK G.,the company’sPresident, Marketplaces. SEC filings show that SAINT FREDERICK G. sold 2,500 shares of the company’s common stock on May 16 ’24 at a price of $88.43 per share for a total of $0.22 million. Following the sale, the insider now owns 0.28 million shares.

Costar Group, Inc. disclosed in a document filed with the SEC on May 09 ’24 that Ruggles Lisa (Senior VP, Global Operations) sold a total of 20,000 shares of the company’s common stock. The trade occurred on May 09 ’24 and was made at $91.15 per share for $1.82 million. Following the transaction, the insider now directly holds 0.17 million shares of the CSGP stock.

Still, SEC filings show that on Apr 26 ’24, Wheeler Scott T (Chief Financial Officer) disposed off 122,736 shares at an average price of $92.61 for $11.37 million. The insider now directly holds 303,417 shares of Costar Group, Inc. (CSGP).

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