There Is Clear Momentum For Costar Group, Inc (NASDAQ: CSGP)

Costar Group, Inc (CSGP) concluded trading on Wednesday at a closing price of $76.27, with 4.36 million shares of worth about $332.43 million changed hands on the day. Half year performance of the stock remained negative as price took a plunge of -12.52% during that period and on November 20, 2024 the price saw a gain of about 5.80%. Currently the company’s common shares owned by public are about 408.10M shares, out of which, 405.01M shares are available for trading.

Stock saw a price change of 0.66% in past 5 days and over the past one month there was a price change of -0.78%. Year-to-date (YTD), CSGP shares are showing a performance of -12.72% which decreased to -8.11% when we look at its performance for past 12 months. Over the period of past 52 weeks, stock dropped to lowest price of $68.26 but also hit the highest price of $100.38 during that period. The average intraday trading volume for Costar Group, Inc shares is 2.59 million. The stock is currently trading 2.55% above its 20-day simple moving average (SMA20), while that difference is up 1.03% for SMA50 and it goes to -5.48% lower than SMA200.

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Costar Group, Inc (NASDAQ: CSGP) currently have 408.10M outstanding shares and institutions hold larger chunk of about 98.09% of that.

The stock has a current market capitalization of $31.27B and its 3Y-monthly beta is at 0.80. PE ratio of stock for trailing 12 months is 177.37, while it has posted earnings per share of $0.43 in the same period. Its PEG reads 12.07 and has Quick Ratio of 9.63 while making debt-to-equity ratio of 0.15. 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 4.02% while standing at 3.08% over the month.

Stock’s fiscal year EPS is expected to drop by -43.55% while it is estimated to increase by 63.76% in next year. EPS is likely to grow at an annualized rate of 14.70% 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 RBC Capital Mkts on October 23, 2024 offering a Sector perform rating for the stock and assigned a target price range of between $96 and $83 to it. Coverage by Citigroup stated Costar Group, Inc (CSGP) stock as a Buy in their note to investors on February 07, 2024, suggesting a price target of $97 for the stock. On January 19, 2024, BTIG Research Initiated their recommendations, while on December 18, 2023, Goldman Resumed their ratings for the stock with a price target of $98. Stock get a Hold rating from Jefferies on October 16, 2023.

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