CoStar stock: buy or sell

CSGP stock price: $86.95 -2.33% At close on Jul 28th, 2021

Updated on:
Jul 29th, 2021

2

CoStar stock brief

  • CoStar stock went down -2.33% to close at $86.95 on the stock market today, after 3 consecutive sessions in red.
  • On Tuesday, CoStar presented its Q2 earnings report

Should I buy CoStar stock?

Even if you are a experienced or a novel trader, best trading results come from using an investing strategy that never leaves to random or subjective opinions when is the best moment to buy or sell stocks. Trading strategies are meant for helping you in the decision process of what stocks to pick and when is the best moment to buy them. At Stocks2.com, we like to use very simple but trusted and powerful trend following trading strategies. Simple things usually work the best

Is $CSGP stock a buy?

Currently, CoStar stock doesn't match any of these trading strategies, so our recommendation is not to buy now. This doesn't mean we expect a selloff for $CSGP in coming sessions, or that it may not climb higher. Simply, it doesn't match our recommended trading systems

Should I sell CoStar stock?

"To sell or not to sell", if you are holding CoStar shares?. Trading strategies help us to avoid impulsive decisions based on our personal moods or the noise that surrounds the market. We like very simple strategies to guide us on when is a good moment to sell our shares. Be aware that these strategies are not intended for selling short $CSGP stock

A guiding principle is that you should never keep a trade that generates higher than expected losses by the time of the buy. When to sell shares should always be determined by the stop-loss (automatic or manual)

Is it time to sell CoStar stock?

Currently, CoStar stock doesn't match any of our preferred sell setups, so if you own CoStar shares and your operation is in profit probably is not time to sell now

CoStar ratings

In the previous 30 days we couldn't find any rating for CoStar

CoStar stock analysis

SMAs overview

CSGP stock SMAs chart

Supports and resistances

The current resistance levels are:

  • R1: $88.29 (1.54% above)
  • R2: $89.00 (2.36% above)
  • R3: $90.26 (3.81% above)
  • The current support levels are:

  • S1: $86.81 (-0.16% below)
  • S2: $85.12 (-2.10% below)
  • S3: $84.84 (-2.43% below)
  • Bollinger bands

    Since the price surpassed the upper band last Friday, the price corrected downwards by 3.67%

    CSGP stock Bollinger Bands chart

    Relative strength index

    The has been between the the levels of 30 and 70 for many weeks, and therefore, without this indicator really being of any help to us in making any decisions.

    CSGP stock RSI chart

    CoStar stock price history

    CoStar started trading priced at an adjusted price1 of $0.90 on Jul 1998. Since then, CSGP stock surged by 9,561.11%, with an average of 415.70% per year. If you had invested $1,000USD in CoStar stock at that time, it would worth $96,611.11 today.

    1: Adjusted price after possible price splits or reverse-splits

    CSGP stock price history chart

    Price target for CoStar stock

    Nobody knows how much a share will be priced in the future. Banks and financial organisations post their analysis predicting how a particular stock will performance in the future.

    Along with buy or sell recommendations, financial institutions release their price forecasts based on the stock price action and the company fundamental data. Most of these predictions follow the publication of new fundamental information by the company, and usually. If you are a small investor you shouldn't invest based on these price targets.

    We don't have any target price published in the last 30 days for CoStar.

    Earnings and financials

    On Tuesday, CoStar ($CSGP) had the investors event and posted the report. CoStar topped market estimates and reported of $0.26, that is a 13.04% improvement versus the forecasts of $0.23. Even so, reported revenues of $480.3 million were in line with analysts predictions.

    This compares to Earnings of $0.23 per share same quarter last year, so posted EPS is a gain of 13.04%. Revenue skyrocketed a 16.81% on an annualized basis in the , from $3.9B to $4.6B last quarter.

    CoStar ($CSGP) is hosting the Q3 earnings call next October.

    CoStar performance

    CSGP performance compared
    Company1m3m6m
    CoStar ($CSGP) 1.60% 0.20% -1.40%

    Important note:
    The opinions expressed in this article are personal and not recommendations for you to buy or sell stocks. The author of this text does not know the individual scenarios of the reader, his or her finances or what is in his or her best interest at any given time. All users should speak with their financial advisor before buying or selling any securities Opinions are provided for education purposes only

    CoStar summary

    Wednesday, July 28th, 2021
    Open$80
    Close$86.95
    Day range$80 - $87.26
    Previous close$89.02
    Session gain-2.33%
    Average true range$1.86
    50d mov avg$86.01
    100d mov avg$85.59
    200d mov avg$86.81
    Earnings dateOctober 26th, 2021

    Frequently asked questions

    What is CoStar stock symbol?

    CoStar Group, Inc. is a public company trading in the US stock market with the CSGP symbol

    Is CoStar stock a buy or sell?

    CoStar had no ratings in the last four weeks Read the article to get additional tips on trading CSGP stock.

    Will CSGP go up?

    There were no forecasts issued by analysts in the last 4 weeks for CoStar.