Costar Group, Inc (NASDAQ: CSGP) is -0.35% 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 $70.36 in the last trading session, with the day’s gains setting it 0.98%.
Currently trading at $71.34, the stock is -2.15% and -4.89% below its SMA20 and SMA50 respectively. However, with a daily trading volume of 2.04 million and changing 1.39% at the moment leaves the stock -9.50% off its SMA200. CSGP registered -13.94% loss for a year compared to 6-month gain of -0.70%. The firm has a 50-day simple moving average (SMA 50) of $75.0102 and a 200-day simple moving average (SMA200) of $78.8292.
The stock witnessed a -7.73% loss in the last 1 month and extending the period to 3 months gives it a -5.07%, and is -0.35% 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 2.62% over the week and 2.90% over the month.
Costar Group, Inc (CSGP) has around 6152 employees, a market worth around $29.25B and $2.67B in sales. Current P/E ratio is 165.91 and Fwd P/E is 63.47. Profit margin for the company is 6.57%. Distance from 52-week low is 4.52% and -28.93% 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
1127.0 institutions hold shares in Costar Group, Inc (CSGP), with institutional investors hold 102.93% of the company’s shares. The shares outstanding are 409.50M, and float is at 405.08M with Short Float at 2.90%. Institutions hold 101.77% 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).
