Wall Street Pummels CoStar Group Inc. (CSGP) After Recent Earnings Report

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CoStar Group Inc. (NASDAQ:CSGP) went up by 0.65% from its latest closing price compared to the recent 1-year high of $101.05. The company’s stock price has collected -3.30% of loss in the last five trading sessions. The Wall Street Journal reported on 02/23/22 that Palo Alto Networks, Overstock, Clover Health, Lowe’s: What to Watch in the Stock Market Today

Is It Worth Investing in CoStar Group Inc. (NASDAQ :CSGP) Right Now?

CoStar Group Inc. (NASDAQ:CSGP) scored a price-to-earnings ratio above its average ratio, recording 83.75 x from its present earnings ratio. Plus, the 36-month beta value for CSGP is at 0.92. Opinions of the stock are interesting as 9 analysts out of 12 who provided ratings for CoStar Group Inc. declared the stock was a “buy,” while 1 rated the stock as “overweight,” 2 rated it as “hold,” and 0 as “sell.”

The average price from analysts is $82.91, which is $12.81 above the current price. CSGP currently public float of 391.56M and currently shorts hold a 0.67% ratio of that float. Today, the average trading volume of CSGP was 2.88M shares.

CSGP’s Market Performance

CSGP stocks went down by -3.30% for the week, with a monthly drop of -1.88% and a quarterly performance of 18.05%, while its annual performance rate touched -20.67%. The volatility ratio for the week stands at 3.38% while the volatility levels for the past 30 days are set at 2.93% for CoStar Group Inc. The simple moving average for the period of the last 20 days is -3.95% for CSGP stocks with a simple moving average of 5.27% for the last 200 days.

Analysts’ Opinion of CSGP

Many brokerage firms have already submitted their reports for CSGP stocks, with BMO Capital Markets repeating the rating for CSGP by listing it as a “Market Perform.” The predicted price for CSGP in the upcoming period, according to BMO Capital Markets is $83 based on the research report published on September 12th of the current year 2022.

Truist, on the other hand, stated in their research note that they expect to see CSGP reach a price target of $70, previously predicting the price at $110. The rating they have provided for CSGP stocks is “Buy” according to the report published on February 23rd, 2022.

RBC Capital Mkts gave a rating of “Outperform” to CSGP, setting the target price at $60 in the report published on February 23rd of the current year.

CSGP Trading at -0.46% from the 50-Day Moving Average

After a stumble in the market that brought CSGP to its low price for the period of the last 52 weeks, the company was unable to rebound, for now settling with -30.63% of loss for the given period.

Volatility was left at 2.93%, however, over the last 30 days, the volatility rate increased by 3.38%, as shares sank -1.34% for the moving average over the last 20 days. Over the last 50 days, in opposition, the stock is trading +18.21% upper at present.

During the last 5 trading sessions, CSGP fell by -3.30%, which changed the moving average for the period of 200-days by -9.37% in comparison to the 20-day moving average, which settled at $72.94. In addition, CoStar Group Inc. saw -11.30% in overturn over a single year, with a tendency to cut further losses.

Insider Trading

Reports are indicating that there were more than several insider trading activities at CSGP starting from Hill John W, who sale 1,400 shares at the price of $74.49 back on Aug 10. After this action, Hill John W now owns 20,598 shares of CoStar Group Inc., valued at $104,286 using the latest closing price.

DESMARAIS MICHAEL J, the Chief Human Resources Officer of CoStar Group Inc., sale 2,000 shares at $72.51 during a trade that took place back on Aug 03, which means that DESMARAIS MICHAEL J is holding 39,619 shares at $145,020 based on the most recent closing price.

Stock Fundamentals for CSGP

Current profitability levels for the company are sitting at:

  • +22.24 for the present operating margin
  • +77.78 for the gross margin

The net margin for CoStar Group Inc. stands at +15.05. Equity return is now at value 5.70, with 4.50 for asset returns.

The liquidity ratio also appears to be rather interesting for investors as it stands at 11.78.