Are Costar Group, Inc. (CSGP) stocks a prudent buy?

A share price of Costar Group, Inc. [CSGP] is currently trading at $77.34, up 1.40%. Until recently, the best way to gauge how the stock has performed was to look at its short-term value. The CSGP shares have gain 5.51% over the last week, with a monthly amount drifted -1.94%, and not seem to be holding up well over a long-time horizon.

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From an analyst’s perspective:

Costar Group, Inc. [NASDAQ: CSGP] stock has seen the most recent analyst activity on February 07, 2024, when Citigroup reiterated its Buy rating and also boosted its price target to $97 from $90. JP Morgan started tracking with a Overweight rating for this stock on December 16, 2022, and assigned it a price target of $100.

Costar Group, Inc. experienced fluctuations in its stock price throughout the past year between $67.35 and $100.38. Currently, Wall Street analysts expect the stock to reach $98.38 within the next 12 months. Costar Group, Inc. [NASDAQ: CSGP] shares were valued at $77.34 at the most recent close of the market. An investor can expect a potential return of 27.2% based on the average CSGP price forecast.

Analyzing the CSGP fundamentals

Trailing Twelve Months sales for Costar Group, Inc. [NASDAQ:CSGP] were 2.60B which represents 11.87% growth. Gross Profit Margin for this corporation currently stands at 0.78% with Operating Profit Margin at 0.02%, Pretax Profit Margin comes in at 0.12%, and Net Profit Margin reading is 0.08%. To continue investigating profitability, this company’s Return on Assets is posted at 0.02, Equity is 0.03 and Total Capital is 0.01. An extended analysis of the company’s primary financial structure reveals a debt-to-equity ratio of0.14.

Before buying any particular stock, readers tend to pay close attention to the indicators that support and create resistance. The company’s stock is currently sitting at 76.40 points at the first support level, and at 75.47 for the second support level. However, for the 1st resistance point, the stock is sitting at 77.84, and for the 2nd resistance point, it is at 78.35.

Ratios To Look Out For

To put it in perspective, the Current Ratio for Costar Group, Inc. [NASDAQ:CSGP] is 9.27. As well, the Quick Ratio is 9.27, while the Cash Ratio is 8.76. Considering the valuation of this stock, the price to sales ratio is 12.20, the price to book ratio is 4.28 and price to earnings (TTM) ratio is 147.99.

Transactions by insiders

Recent insider trading involved Hill John W, Director, that happened on Jul 30 ’24 when 1325.0 shares were sold. Director, Hill John W completed a deal on Jul 30 ’24 to buy 1325.0 shares. Meanwhile, President, Marketplaces SAINT FREDERICK G. sold 2500.0 shares on May 16 ’24.

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