Costar Group, Inc. (NASDAQ: CSGP) is -13.34% 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 $77.90 in the last trading session, with the day’s loss setting it -2.17%.
Currently trading at $75.73, the stock is -1.96% and -0.27% below its SMA20 and SMA50 respectively. However, with a daily trading volume of 2.85 million and changing -2.79% at the moment leaves the stock -8.60% off its SMA200. CSGP registered -4.28% loss for a year compared to 6-month loss of -21.24%.
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The stock witnessed a 2.28% gain in the last 1 month and extending the period to 3 months gives it a 3.46%, and is -4.38% 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 3.31% over the week and 2.41% over the month.
Costar Group, Inc. (CSGP) has around 6152 employees, a market worth around $31.04B and $2.60B in sales. Current P/E ratio is 144.91 and Fwd P/E is 61.96. Profit margin for the company is 8.19%. Distance from 52-week low is 12.44% and -24.56% from its 52-week high. The company has generated returns on investments over the last 12 months (2.52%).
The EPS is expected to shrink by -46.04% this year.
Costar Group, Inc. (CSGP) Top Institutional Holders
1103.0 institutions hold shares in Costar Group, Inc. (CSGP), with institutional investors hold 101.66% of the company’s shares. The shares outstanding are 408.10M, and float is at 404.83M with Short Float at 1.84%. Institutions hold 100.45% of the Float.
The top institutional shareholder in the company is VANGUARD GROUP INC with over 65.62 million shares valued at $4.86 billion. The investor’s holdings represent 16.1778% of the CSGP Shares outstanding. As of 2024-06-30, the second largest holder is BLACKROCK INC. with 38.56 million shares valued at $2.86 billion to account for 9.5072 of the shares outstanding. The other top investors are PRINCIPAL FINANCIAL GROUP INC which holds 19.37 million shares representing 4.7759% and valued at over $1.44 billion, while BAMCO INC /NY/ holds 4.7512 of the shares totaling 19.27 million with a market value of $1.43 billion.
Costar Group, Inc. (CSGP) Insider Activity
The most recent transaction is an insider sale by Hill John W, the company’s Director. SEC filings show that Hill John W sold 1,325 shares of the company’s common stock on Jul 30 ’24 at a price of $78.16 per share for a total of $0.1 million. Following the sale, the insider now owns 16545.0 shares.
Still, SEC filings show that on May 16 ’24, SAINT FREDERICK G. (President, Marketplaces) disposed off 2,500 shares at an average price of $88.43 for $0.22 million. The insider now directly holds 282,856 shares of Costar Group, Inc. (CSGP).
