In yesterday’s Wall Street session, Costar Group, Inc. (NASDAQ:CSGP) shares traded at $76.35, up 2.02% from the previous session.
CSGP stock price is now -2.25% away from the 50-day moving average and -8.31% away from the 200-day moving average. The market capitalization of the company currently stands at $31.19B.
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With the price target enhanced from $90 to $97, Citigroup maintained Buy rating for Costar Group, Inc. (NASDAQ: CSGP). , while ‘Goldman’ rates the stock as ‘Buy’
In other news, SAINT FREDERICK G., President, Marketplaces sold 2,500 shares of the company’s stock on May 16 ’24. The stock was sold for $221,075 at an average price of $88.43. Upon completion of the transaction, the President, Marketplaces now directly owns 282,856 shares in the company, valued at $21.6 million. An SEC document containing details of the transaction can be found on the SEC’s website. On May 09 ’24, Senior VP, Global Operations Ruggles Lisa sold 20,000 shares of the business’s stock. A total of $1,823,000 was realized by selling the stock at an average price of $91.15. This leaves the insider owning 172,616 shares of the company worth $13.18 million. A total of 1.19% of the company’s stock is owned by insiders.
During the past 12 months, Costar Group, Inc. has had a low of $67.35 and a high of $100.38. As of last week, the company has a debt-to-equity ratio of 0.14, a current ratio of 9.27, and a quick ratio of 9.09. According to the stock market information, the enterprise value for the company is $27180599296, which is based on a 146.10 price-to-earnings ratio, a 9.68 price-to-earnings-growth ratio, and a beta of 0.81. The fifty day moving average price for CSGP is $77.8402 and a two-hundred day moving average price translates $83.24995 for the stock.
The latest earnings results from Costar Group, Inc. (NASDAQ: CSGP) was released for 2024-06-30. The net profit margin was 8.19% and return on equity was 2.94% for CSGP. The company reported revenue of $656.4 million for the quarter, compared to $584.4 million a year earlier. Comparatively to last year’s same quarter, the company’s quarterly revenue rose 12.32 percent.
