CoStar Group Inc. [NASDAQ: CSGP] plunged by -$0.81 during the normal trading session on Tuesday and reaching a high of $86.57 during the day while it closed the day at $85.23. The company report on July 8, 2021 that CoStar Group to Report Financial Results for Second Quarter 2021 on July 27, 2021.
CoStar Group, Inc. (NASDAQ: CSGP) will announce financial results for the second quarter of 2021 following the market close on Tuesday, July 27, 2021. Management will conduct a conference call to discuss second quarter results and the Company’s outlook at 5:00 PM EDT that same day.
A live audio webcast of the conference will be available in listen-only mode through the Investors section of the CoStar Group website: https://investors.costargroup.com. A replay of the webcast audio will also be available in the Investors section of our website for a period of time following the call.
CoStar Group Inc. stock has also gained 1.97% of its value over the past 7 days. However, CSGP stock has declined by -5.90% in the 3 months of the year. Over the past six months meanwhile, it has lost -5.76% and lost -7.79% year-on date.
The market cap for CSGP stock reached $33.19 billion, with 391.58 million shares outstanding and 390.71 million shares in the current float. Compared to the average trading volume of 2.27M shares, CSGP reached a trading volume of 1532064 in the most recent trading day, which is why market watchdogs consider the stock to be active.
Here’s what leading stock market gurus have to say about CoStar Group Inc. [CSGP]:
Based on careful and fact-backed analyses by Wall Street experts, the current consensus on the target price for CSGP shares is $105.04 per share. Analysis on target price and performance of stocks is usually carefully studied by market experts, and the current Wall Street consensus on CSGP stock is a recommendation set at 1.70. This rating represents a strong Buy recommendation, on the scale from 1 to 5, where 5 would mean strong sell, 4 represents Sell, 3 is Hold, and 2 indicates Buy.
Goldman have made an estimate for CoStar Group Inc. shares, keeping their opinion on the stock as Buy, with their previous recommendation back on March 15, 2021. While these analysts kept the previous recommendation, Needham dropped their target price from $825 to $1000. The new note on the price target was released on October 28, 2020, representing the official price target for CoStar Group Inc. stock. Previously, the target price had yet another raise from $660 to $900, while JP Morgan kept a Overweight rating on CSGP stock.
The Average True Range (ATR) for CoStar Group Inc. is set at 1.93, with the Price to Sales ratio for CSGP stock in the period of the last 12 months amounting to 19.24. The Price to Book ratio for the last quarter was 6.13, with the Price to Cash per share for the same quarter was set at 9.48. Price to Free Cash Flow for CSGP in the course of the last twelve months was 84.96 with Quick ratio for the last quarter at 13.20.
CSGP stock trade performance evaluation
CoStar Group Inc. [CSGP] gain into the green zone at the end of the last week, gaining into a positive trend and gaining by 1.97. With this latest performance, CSGP shares dropped by -2.01% in over the last four-week period, additionally sinking by -5.76% over the last 6 months – not to mention a rise of 24.59% in the past year of trading.
Overbought and oversold stocks can be easily traced with the Relative Strength Index (RSI), where an RSI result of over 70 would be overbought, and any rate below 30 would indicate oversold conditions. An RSI rate of 50 would represent a neutral market momentum. The current RSI for CSGP stock in for the last two-week period is set at 48.68, with the RSI for the last a single of trading hit 48.38, and the three-weeks RSI is set at 49.03 for CoStar Group Inc. [CSGP]. The present Moving Average for the last 50 days of trading for this stock 85.02, while it was recorded at 85.69 for the last single week of trading, and 86.71 for the last 200 days.
CoStar Group Inc. [CSGP]: An insightful look at the core fundamentals
Operating Margin for any stock indicates how profitable investing would be, and CoStar Group Inc. [CSGP] shares currently have an operating margin of +17.43 and a Gross Margin at +77.61. CoStar Group Inc.’s Net Margin is presently recorded at +13.69.
Return on Total Capital for CSGP is now 5.75, given the latest momentum, and Return on Invested Capital for the company is 4.55. Return on Equity for this stock inclined to 5.17, with Return on Assets sitting at 4.22. When it comes to the capital structure of this company, CoStar Group Inc. [CSGP] has a Total Debt to Total Equity ratio set at 20.92. Additionally, CSGP Total Debt to Total Capital is recorded at 17.30, with Total Debt to Total Assets ending up at 16.26. Long-Term Debt to Equity for the company is recorded at 20.32, with the Long-Term Debt to Total Capital now at 16.80.
Reflecting on the efficiency of the workforce at the company, CoStar Group Inc. [CSGP] managed to generate an average of $47,796 per employee. Receivables Turnover for the company is 16.91 with a Total Asset Turnover recorded at a value of 0.31.CoStar Group Inc.’s liquidity data is similarly interesting compelling, with a Quick Ratio of 13.20 and a Current Ratio set at 13.20.
Earnings per share (EPS) analysis for CoStar Group Inc. [CSGP] stock
The progress of the company may be observed through the prism of EPS growth rate, while Wall Street analysts are focusing on predicting the 5-year EPS growth rate for CSGP. When it comes to the mentioned value, analysts are expecting to see the 5-year EPS growth rate for CoStar Group Inc. go to 20.00%.
CoStar Group Inc. [CSGP]: Insider Ownership positions
There are presently around $32,370 million, or 98.40% of CSGP stock, in the hands of institutional investors. The top three institutional holders of CSGP stocks are: PRICE T ROWE ASSOCIATES INC /MD/ with ownership of 42,374,370, which is approximately -4.961% of the company’s market cap and around 0.40% of the total institutional ownership; VANGUARD GROUP INC, holding 34,765,870 shares of the stock with an approximate value of $2.96 billion in CSGP stocks shares; and BLACKROCK INC., currently with $2.6 billion in CSGP stock with ownership of nearly -12.796% of the company’s market capitalization.
Positions in CoStar Group Inc. stocks held by institutional investors increased at the end of July and at the time of the July reporting period, where 290 institutional holders increased their position in CoStar Group Inc. [NASDAQ:CSGP] by around 39,269,070 shares. Additionally, 294 investors decreased positions by around 35,442,770 shares, while 90 investors held positions by with 305,088,010 shares. The mentioned changes placed institutional holdings at 379,799,850 shares, according to the latest SEC report filing. CSGP stock had 68 new institutional investments in for a total of 11,488,791 shares, while 87 institutional investors sold positions of 8,014,890 shares during the same period.