Costar Group, Inc (NASDAQ: CSGP) is -8.38% 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 $81.34 in the last trading session, with the day’s loss setting it -1.27%.
Currently trading at $80.07, the stock is 4.45% and 5.61% above its SMA20 and SMA50 respectively. However, with a daily trading volume of 1.55 million and changing -1.56% at the moment leaves the stock -0.65% off its SMA200. CSGP registered -3.58% loss for a year compared to 6-month loss of 2.59%. The firm has a 50-day simple moving average (SMA 50) of $75.7636 and a 200-day simple moving average (SMA200) of $80.6099.
The stock witnessed a 10.00% gain in the last 1 month and extending the period to 3 months gives it a 5.45%, and is 0.33% up 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 2.09% over the week and 2.85% over the month.
Costar Group, Inc (CSGP) has around 6152 employees, a market worth around $32.57B and $2.67B in sales. Current P/E ratio is 186.21 and Fwd P/E is 70.98. Profit margin for the company is 6.57%. Distance from 52-week low is 17.31% and -20.23% from its 52-week high. The company has generated returns on investments over the last 12 months (2.05%).
The EPS is expected to shrink by -43.54% this year.
Costar Group, Inc (CSGP) Top Institutional Holders
1117.0 institutions hold shares in Costar Group, Inc (CSGP), with institutional investors hold 102.66% of the company’s shares. The shares outstanding are 409.50M, and float is at 405.01M with Short Float at 2.73%. Institutions hold 101.48% 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 NASSETTA CHRISTOPHER J, the company’s Director. SEC filings show that NASSETTA CHRISTOPHER J sold 1,681 shares of the company’s common stock on Nov 27 ’24 at a price of $80.39 per share for a total of $0.14 million. Following the sale, the insider now owns 0.23 million shares.
Costar Group, Inc disclosed in a document filed with the SEC on Nov 26 ’24 that DESMARAIS MICHAEL J (Chief Human Resources Officer) sold a total of 5,500 shares of the company’s common stock. The trade occurred on Nov 26 ’24 and was made at $79.88 per share for $0.44 million. Following the transaction, the insider now directly holds 58798.0 shares of the CSGP stock.
Still, SEC filings show that on Nov 27 ’24, Christopher J Nasseta (Director) Proposed Sale 1,681 shares at an average price of $79.92 for $0.13 million. The insider now directly holds shares of Costar Group, Inc (CSGP).
