Costar Group, Inc. (NASDAQ:CSGP) shares traded 1.50% higher at $73.91 on Wall Street last session.
CSGP stock price is now -3.25% away from the 50-day moving average and -9.37% away from the 200-day moving average. The market capitalization of the company currently stands at $30.29B.
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With the price target reduced from $96 to $83, RBC Capital Mkts Downgraded its rating from Outperform to Sector Perform for Costar Group, Inc. (NASDAQ: CSGP). On February 07, 2024, Citigroup reiterated its ‘Buy’ rating on the stock by increasing its target price from $90 to quote $97, while ‘BTIG Research’ rates the stock as ‘Neutral’
In other news, Hill John W, Director sold 1,325 shares of the company’s stock on Jul 30 ’24. The stock was sold for $103,562 at an average price of $78.16. Upon completion of the transaction, the Director now directly owns 16,545 shares in the company, valued at $1.22 million. An SEC document containing details of the transaction can be found on the SEC’s website. On Jul 30 ’24, Director Hill John W bought 1,325 shares of the business’s stock. A total of $103,000 was incurred on buying the stock at an average price of $77.74. A total of 1.22% 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 0.15, a current ratio of 9.63, and a quick ratio of 9.63. According to the stock market information, the enterprise value for the company is $26239387648, which is based on a 171.88 price-to-earnings ratio, a 12.46 price-to-earnings-growth ratio, and a beta of 0.82. The fifty day moving average price for CSGP is $76.3924 and a two-hundred day moving average price translates $81.553 for the stock.
The latest earnings results from Costar Group, Inc. (NASDAQ: CSGP) was released for 2024-09-30. The net profit margin was 6.57% and return on equity was 2.38% for CSGP. The company reported revenue of $692.6 million for the quarter, compared to $624.7 million a year earlier. Comparatively to last year’s same quarter, the company’s quarterly revenue rose 10.87 percent.
