Christine McCarthy Acquires Shares in CoStar Group
Christine McCarthy bought 8,262 shares of CoStar Group on June 23.
Key Points
- Christine McCarthy purchased 8,262 shares of CoStar Group, Inc. on June 23, indicating insider buying activity.
- CoStar Group, Inc. trades on NasdaqGS under the ticker CSGP, with a market cap of $11.93 billion and a forward P/E of 16.24.
- Analysts have varied opinions on CoStar Group, with Wells Fargo maintaining a sell rating and others providing buy ratings.
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Christine McCarthy recently acquired 8,262 shares of CoStar Group, Inc. (NasdaqGS: CSGP) on June 23. This insider buying activity highlights interest in the real estate services company, which provides data and analytics for the property sector.
CoStar Group, Inc. Stock Down 9.9%
Shares of NasdaqGS:CSGP traded near $30.51 on Thursday. CoStar Group, Inc. has a market cap of approximately $11.93 billion. The company has a high P/E ratio of 417.43, but its forward P/E is a more reasonable 16.24, indicating expected growth. The stock has a 52-week range between $29.08 and $97.43, with a 50-day moving average of $34.55 and a 200-day moving average of $56.86. It has a current ratio of 2.20, a quick ratio of 1.94, and a debt-to-equity ratio of 14.53.
$CSGP stock price
Daily closing prices, year to date. Not investment advice.
Insider Buying and Selling at CoStar Group, Inc.
On June 23, several insiders, including Christine McCarthy, purchased 8,262 shares each of CoStar Group. Other insiders involved in the buying included Berisford John, Brunner Angelique, Hill John, Sams Louise, and Glaser Rachel. These transactions were not part of a pre-planned trading program.
Analysts Set New Price Targets
Analyst opinions on CoStar Group vary. On June 24, Wells Fargo maintained a sell rating with a price target of $26. Meanwhile, Benchmark initiated coverage with a buy rating and a $45 target on June 4. B of A Securities maintained a hold rating with a $37 target on May 19. The overall analyst consensus suggests a buy recommendation, with a mean target price of $48.25 based on 20 analyst opinions.
About CoStar Group
CoStar Group, Inc. is a leading provider of information, analytics, and online marketplace services for the real estate industry. Based in Arlington, Virginia, the company was founded in 1986 and is led by CEO Andrew C. Florance. CoStar Group offers a range of services, including property data, leasing information, and market analysis, serving clients across the United States, Australia, Canada, Europe, and Latin America.
Bottom Line
The recent insider buying activity by Christine McCarthy and others in CoStar Group suggests confidence in the company’s future. CoStar Group's stock is closely watched by investors due to its role in the real estate services sector. With varied analyst opinions and a significant market presence, CoStar Group remains a key player in the industry. Keep in mind that insider transactions are disclosed after the fact and may not reflect current positions.
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This instant news alert was generated by automated narrative technology and financial data from Podchat and public regulatory filings. It is for informational purposes only and is not financial advice.