CoStar Group Inc. (NASDAQ:CSGP) traded at $76.78 at last check on Tuesday, 01/24/23, made a downward move of -2.35% on its previous day’s price.
Looking at the stock we see that its previous close was $78.63 and the beta (5Y monthly) reads 0.87 with the day’s price range being $78.09 – $78.93. The company has a trailing 12-month PE ratio of 91.86. In terms of its 52-week price range, CSGP has a high of $85.37 and a low of $49.00. The company’s stock has gained about 0.89% over that past 30 days.
CoStar Group Inc. has a market cap of $31.20 billion and is expected to release its quarterly earnings report on Feb 21, 2023. Estimates by analysts give the company expected earnings per share (EPS) of $0.36, with the EPS growth for the year raised at $1.25 for 2022 and $1.47 for next year. These figures represent 9.60% and 17.60% growth in EPS for the two years respectively.
Analysts tracking the company’s growth have also given it a consensus growth in revenue estimated at $575.96 million, with a low of $568 million and a high of $648 million. The median projection represents growth squeezing down to 13.60% compared to sales growth for the corresponding quarter a year ago. According to analyst consensus estimates figures, the company’s yearly revenue forecast for 2022 is expected to hit $2.18 billion, or 12.10% up from figures reported last year.
There have been no upward and no downward revisions for the stock’s EPS in last 7 days, something that reflects the nature of company’s price movement in short term. On the other hand, looking at the outlook for the CSGP stock, short term indicators assign the stock an average of Hold, while medium term indicators assign it an average of 50% Buy. Long term indicators on average place the stock in the category of 50% Buy.
Based on estimates by 14 analysts, where scores have ranged from 1.00 for a strong buy to 5.00 for a strong sell, 2 have rated the CoStar Group Inc. (CSGP) stock as a Hold, while 11 rate it as a Buy. 1 analyst(s) rate it as overweight while 0 of them rated it as underweight, whereas 0 suggest the stock as a Sell. The stock has an overall rating of Buy and investors could take advantage and scoop up stock of the company.
Looking further, we note that the PEG ratio for the CSGP stock currently stands at 4.59, and the most recent price level today is -1.54% off its SMA20 and -3.46% from its 50-day simple moving average. The RSI (14) is pointing at 44.42 while the volatility over the past week is 2.45% and jumps to 2.36% over the past one month. The beta value is 0.87, while the average true range (ATR) is currently pointing at 1.95. The average price target for the stock over the next 12 months is $91.69, with the estimates having a low of $76.00 and a high of $102.00. These price ends are 1.02% and -32.85% off the today’s price level respectively, although investors could be excited at the prospect of a -19.82% if the CSGP share price touches on the median price of $92.00.
Let’s briefly compare CoStar Group Inc. (CSGP) stock to its peers. We find that today’s price change of -2.35% and 10.87% over the past 12 months for CSGP competes that of TechTarget Inc. (TTGT), which has seen its stock price fall -2.21% in the latest trading session and is -38.49% over the last one year. In contrast to these companies, both the S&P 500 Index and the Dow Jones Industrial are today at -1.45% and -1.08%, respectively, in early deals.
Coming back to CoStar Group Inc. (NASDAQ:CSGP), we note that the average 3-month trading volume was 2.49 million, while that of the preceding 10-day period stands at 1.52 million. Current shares outstanding are 406.69 million.
The insiders hold 0.80% of the company’s shares. The data shows that short shares as of Dec 29, 2022, stood at 5.9 million at a short ratio of 1.88. This represents a 1.45% short interest in shares outstanding on Dec 29, 2022. Shares short rose in December from the previous month at 4.65 million. Investors should be excited about this stock as its upside potential is great, with today’s price pushing the stock 1.75% up in year-to-date price movement.