Costar Group, Inc (NASDAQ: CSGP) is -14.10% 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 $78.25 in the last trading session, with the day’s loss setting it -3.18%.
Currently trading at $75.07, the stock is -3.36% and -1.61% below its SMA20 and SMA50 respectively. However, with a daily trading volume of 2.32 million and changing -4.06% at the moment leaves the stock -6.53% off its SMA200. CSGP registered -12.78% loss for a year compared to 6-month gain of 1.54%. The firm has a 50-day simple moving average (SMA 50) of $76.2972 and a 200-day simple moving average (SMA200) of $80.31595.
The stock witnessed a -0.92% loss in the last 1 month and extending the period to 3 months gives it a -3.63%, and is -2.91% 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 2.85% over the week and 3.09% over the month.
Costar Group, Inc (CSGP) has around 6152 employees, a market worth around $29.52B and $2.67B in sales. Current P/E ratio is 174.58 and Fwd P/E is 66.79. Profit margin for the company is 6.57%. Distance from 52-week low is 9.98% and -25.21% 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 -43.55% this year.
Costar Group, Inc (CSGP) Top Institutional Holders
1122.0 institutions hold shares in Costar Group, Inc (CSGP), with institutional investors hold 102.80% of the company’s shares. The shares outstanding are 409.50M, and float is at 405.01M with Short Float at 2.75%. Institutions hold 101.64% 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 2,735 shares of the company’s common stock on Dec 10 ’24 at a price of $76.76 per share for a total of $0.21 million. Following the sale, the insider now owns 17499.0 shares.
Still, SEC filings show that on Nov 27 ’24, NASSETTA CHRISTOPHER J (Director) disposed off 1,681 shares at an average price of $80.39 for $0.14 million. The insider now directly holds 229,715 shares of Costar Group, Inc (CSGP).
