StockChartsAI.com
All Chart Prices Delayed at least 15 minutesBefore accessing this site, you agree that you have read and agree to the disclaimers at the bottom of this page.
Stock Charts AI Power Rank: 5.0
Power Rank trend -> Rising
07/26/2024 16:09:00 EST
CoStar Group Inc (CSGP)
Industry: Real Estate Services
Follow @stockchartsai on TwitterPrice Support Resistance
In the past 20 trading days, CSGP has been trading in a range between $76.97 and $71.59 (gray range band). Red lines on the chart represent key resistance levels and Green lines represent key support levels. As the price moves above the lines you will notice they turn green and red if price moves below a line.
CSGP is trading between resistance at $81.34 about 4% to the upside and support at $71.59 -9% to the downside. If it can break above the resistance, it could have some more upside to the next line of resistance at $84.79, about a 8% move. If the price starts to turn down and fails to get through this level or enters a yellow zone, we would consider profit taking or exiting the position. If it enters a red zone on the chart we would exit the position.
Upside / Downside Potential
CoStar Group Inc $CSGP entered a Green zone 2 days ago on the AI powered stock chart. Wall Street analysts have an AVG target price $98.08, a potential upside of 24.93% from the recent price of 78.51. The stock is trading 27.86% (potential upside) below its 52 week high of $100.38 and 16.57 % (potential downside) above its 52 week low of $67.35 - based on the recent price.
Company Summary
CoStar Group, Inc provides information, analytics, and online marketplace services to the commercial real estate, hospitality, residential, and related professionals industries in the United States, Canada, Europe, the Asia Pacific, and Latin America. The company offers CoStar Property that provides inventory of office, industrial, retail, multifamily, hospitality, and student housing properties and land; CoStar Sales, a robust database of comparable commercial real estate sales transactions; CoStar Market Analytics to view and report on aggregated market and submarket trends; and CoStar Tenant, an online business-to-business prospecting and analytical tool that provides tenant information.
News
| CoStar Group (CSGP) Q2 Earnings Beat Estimates, Revenues Up Y/Y CoStar Group's (CSGP) second-quarter 2024 results reflect solid top-line growth, led by robust performance in key segments. Source: Zacks Investment Research Wed, 24 Jul 2024 12:15:20 -0400 Sentiment: Positive |
| If I Had To Retire Today With 12 REITs REITs are structured for income investors, obligated to pay out 90% of earnings to shareholders, making them an income-producing vehicle. REITs are undervalued and positioned to do well as the rate cut cycle debuts, making them an attractive sector to become overweight. A list of 12 handpicked REITs is provided, offering a combination of high dividend yields, dividend growth, and value for potential investors. Source: Seeking Alpha Wed, 24 Jul 2024 07:30:00 -0400 Sentiment: Positive |
| CoStar Group, Inc. (CSGP) Q2 2024 Earnings Call Transcript CoStar Group, Inc. (NASDAQ:CSGP ) Q2 2024 Earnings Conference Call July 23, 2024 5:00 PM ET Company Participants Cyndi Eakin - Head, IR Andrew Florance - Founder and CEO Chris Lown - CFO Conference Call Participants Peter Christiansen - Citi Alexei Gogolev - JPMorgan George Tong - Goldman Sachs Heather Balsky - Bank of America Soham Bhonsle - BTIG Jeff Meuler - Baird John Campbell - Stephens Nick Jones - Citizens JMP Operator Good day everyone and thank you for standing by. Welcome to this Q2 2024 CoStar Group Earnings Call. Source: Seeking Alpha Tue, 23 Jul 2024 23:33:07 -0400 Sentiment: Neutral |
| Compared to Estimates, CoStar (CSGP) Q2 Earnings: A Look at Key Metrics While the top- and bottom-line numbers for CoStar (CSGP) give a sense of how the business performed in the quarter ended June 2024, it could be worth looking at how some of its key metrics compare to Wall Street estimates and year-ago values. Source: Zacks Investment Research Tue, 23 Jul 2024 19:01:11 -0400 Sentiment: Neutral |
| CoStar Group (CSGP) Tops Q2 Earnings and Revenue Estimates CoStar Group (CSGP) came out with quarterly earnings of $0.15 per share, beating the Zacks Consensus Estimate of $0.09 per share. This compares to earnings of $0.31 per share a year ago. Source: Zacks Investment Research Tue, 23 Jul 2024 18:27:00 -0400 Sentiment: Positive |
Technicals 52 Week Hi: 100.38 52 Week Low: 67.35 Beta: 0.813 50 Day MA: 77.6254 200 Day MA: 83.236 Earnings / Revenue Trends Qtr Earnings Growth YOY: -0.809 Qtr Revenue Growth YOY: 0.119 Forward PE: 227.2727 Trailing PE: 150.9808