CoStar Group Inc. (NASDAQ:CSGP) shares traded lower over the last trading session, losing -2.15% on 06/26/20. The shares fell to a low of $688.03 before closing at $691.07. Intraday shares traded counted 0.37 million, which was -14.46% lower than its 30-day average trading volume of 324.19K. CSGP’s previous close was $706.23 while the outstanding shares total 36.47M. The firm has a beta of 1.09, a 12-month trailing P/E ratio of 83.78, and a growth ratio of 4.53. The stock’s Relative Strength Index (RSI) is 52.63, with weekly volatility at 3.84% and ATR at 22.95. The CSGP stock’s 52-week price range has touched low of $500.24 and a $747.11 high.
Investors have identified the Real Estate Services company CoStar Group Inc. as an interesting stock but before investments are made there, an in-depth look at its trading activities will have to be conducted. The share is trading with a market value of around $27.79 billion, the company now has both obstacles and catalysts that affect them and they came from their mode of operations. With the company affected by events currently, it is a perfect time to analyze the numbers behind the firm in order to come up with a rather realistic picture of what this stock is.
CoStar Group Inc. (CSGP) Fundamentals that are to be considered.
When analyzing a stock, the first fundamental thing to take into account is the balance sheet. How healthy the balance sheet of a company is will determine if the company will be able to carry out all its financial and non-financial obligations and also keep the faith of its investors. In terms of their assets, the company currently has 2070390000 million total, with 236679000 million as their total liabilities.
CSGP were able to record 124.33 million as free cash flow during the third quarter of the year, this saw their quarterly net cash flow reduce by 857.19 million. In cash movements, the company had a total of 131.46 million as operating cash flow.
Potential earnings growth for CoStar Group Inc. (CSGP)
In order to determine the future investment potential for this stock, we will have to analyze key trends that affect it. During the third quarter of the year, CoStar Group Inc. recorded a total of 391.85 million in revenue. This figure implies that they witnessed a quarterly year/year change in their earnings with 16.19% coming in sequential stages and their sales for the third quarter increasing by 4.37%.
What matters though is how it ends. When the core data for the company is broken down, then the stock sounds interesting. The company spent 78.91 million trying to sell their products during the last quarter, with the result yielding a gross income of 312.94 million. This allows shareholders to hold on to 36.47M with the revenue now reading 2.00 cents per share. This is a figure that is close to analyst’s prediction for their fourth quarter (2.00 cents a share).
Having a look at the company’s valuation, the company is expected to record 9.12 total earnings per share during the next fiscal year. It is very important though to remember that the importance of trend far outweighs that of outlook. This analysis has been great and getting further updates on CSGP sounds very interesting.
Is the stock of CSGP attractive?
In related news, Director, KLEIN MICHAEL R sold 11,361 shares of the company’s stock in a transaction that recorded on May 07. The sale was performed at an average price of 636.51, for a total value of 7,231,390. As the sale deal closes, the Director, KLEIN MICHAEL R now sold 3,639 shares of the company’s stock, valued at 2,356,325. Also, Director, Steinberg David Jay sold 850 shares of the company’s stock in a deal that was recorded on Mar 04. The shares were price at an average price of 714.00 per share, with a total market value of 606,900. Following this completion of acquisition, the Chief Financial Officer, Wheeler Scott T now holds 6,005 shares of the company’s stock, valued at 4,223,076. In the last 6 months, insiders have changed their ownership in shares of company stock by 1.10%.
10 out of 14 analysts covering the stock have rated it a Buy, while 1 have maintained a Hold recommendation on CoStar Group Inc.. 1 analysts has assigned a Sell rating on the CSGP stock. The 12-month mean consensus price target for the company’s shares has been set at $731.00.