Tomorrow Is Not Likely To Be Same For Costar Group, Inc. (CSGP)

Costar Group, Inc. (CSGP) concluded trading on Wednesday at a closing price of $91.95, with 4.73 million shares of worth about $435.28 million changed hands on the day. Half year performance of the stock remained positive as price took a surge of 25.53% during that period and on April 24, 2024 the price saw a gain of about 8.66%. Currently the company’s common shares owned by public are about 408.10M shares, out of which, 403.38M shares are available for trading.

Stock saw a price change of 7.59% in past 5 days and over the past one month there was a price change of -4.04%. Year-to-date (YTD), CSGP shares are showing a performance of 5.22% which increased to 30.87% when we look at its performance for past 12 months. Over the period of past 52 weeks, stock dropped to lowest price of $67.35 but also hit the highest price of $100.38 during that period. The average intraday trading volume for Costar Group, Inc. shares is 2.26 million. The stock is currently trading 1.21% above its 20-day simple moving average (SMA20), while that difference is up 3.39% for SMA50 and it goes to 9.81% higher than SMA200.

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Costar Group, Inc. (NASDAQ: CSGP) currently have 408.10M outstanding shares and institutions hold larger chunk of about 97.89% of that.

The stock has a current market capitalization of $37.55B and its 3Y-monthly beta is at 0.86. PE ratio of stock for trailing 12 months is 127.25, while it has posted earnings per share of $0.72 in the same period. Its PEG reads 6.36 and has Quick Ratio of 12.01 while making debt-to-equity ratio of 0.14. Volatility of a stock is a metric used to know how much the price of that stock is under influence and for CSGP, volatility over the week remained 3.07% while standing at 2.76% over the month.

Analysts are in expectations that Costar Group, Inc. (CSGP) stock would likely to be making an EPS of $0.09 in the current quarter, while forecast for next quarter EPS is $0.18 and it is $1.25 for next year. For the current quarter EPS, analysts have given the company a lowest target $0.06 which is $0.12 at the higher side of the target for the same. When we compare those targets with actual EPS, we find that company posted an EPS of $0.31 in the same quarter a year ago. Stock’s fiscal year EPS is expected to drop by -49.55% while it is estimated to increase by 105.82% in next year. EPS is likely to grow at an annualized rate of 20.00% for next 5-years, compared to annual growth of 7.09% made by the stock over the past 5-years.

Digging deeper we find that several firms have released their research notes about the support levels of the stock. Most recent of them is a note released by Citigroup on February 07, 2024 offering a Buy rating for the stock and assigned a target price range of between $90 and $97 to it. On December 18, 2023, Goldman Resumed their recommendations, while on October 16, 2023, Jefferies Resumed their ratings for the stock with a price target of $82. Stock get a Mkt outperform rating from JMP Securities on September 20, 2023.

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