Costar Group, Inc. (NASDAQ: CSGP) is -16.19% lower on its value in year-to-date trading and has touched a low of $68.26 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 $74.31 in the last trading session, with the day’s loss setting it -1.07%.
Currently trading at $73.24, the stock is -3.10% and -4.09% below its SMA20 and SMA50 respectively. However, with a daily trading volume of 2.97 million and changing -1.44% at the moment leaves the stock -10.05% off its SMA200. CSGP registered 3.77% gain for a year compared to 6-month loss of -19.98%. The firm has a 50-day simple moving average (SMA 50) of $76.363 and a 200-day simple moving average (SMA200) of $81.42205.
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The stock witnessed a -2.92% gain in the last 1 month and extending the period to 3 months gives it a -6.13%, and is -4.72% 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 3.95% over the week and 2.74% over the month.
Costar Group, Inc. (CSGP) has around 6152 employees, a market worth around $30.03B and $2.67B in sales. Current P/E ratio is 170.33 and Fwd P/E is 65.59. Profit margin for the company is 6.57%. Distance from 52-week low is 7.30% and -27.04% from its 52-week high. The company has generated returns on investments over the last 12 months (2.05%).
with sales reaching $701.04M over the same period.The EPS is expected to shrink by -43.60% this year, but quarterly earnings will post 11.10% year-over-year. Quarterly sales are estimated to grow 9.50% in year-over-year returns.
Costar Group, Inc. (CSGP) Top Institutional Holders
1110.0 institutions hold shares in Costar Group, Inc. (CSGP), with institutional investors hold 101.93% of the company’s shares. The shares outstanding are 408.10M, and float is at 404.97M with Short Float at 1.99%. Institutions hold 100.73% 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 KLEIN MICHAEL R, the company’s Director. SEC filings show that KLEIN MICHAEL R sold 71,633 shares of the company’s common stock on Oct 25 ’24 at a price of $74.69 per share for a total of $5.35 million. Following the sale, the insider now owns 1.91 million shares.
Costar Group, Inc. disclosed in a document filed with the SEC on Oct 25 ’24 that FLORANCE ANDREW C (President and CEO) bought a total of 14,731 shares of the company’s common stock. The trade occurred on Oct 25 ’24 and was made at $74.67 per share for $1.1 million. Following the transaction, the insider now directly holds 1.26 million shares of the CSGP stock.
Still, SEC filings show that on Oct 25 ’24, Michael Klein (Director) Proposed Sale 71,633 shares at an average price of $73.99 for $5.3 million. The insider now directly holds shares of Costar Group, Inc. (CSGP).
