Whales with a lot of money to spend have taken a noticeably bullish stance on CoStar Gr.
Looking at options history for CoStar Gr CSGP we detected 14 trades.
If we consider the specifics of each trade, it is accurate to state that 71% of the investors opened trades with bullish expectations and 28% with bearish.
From the overall spotted trades, 3 are puts, for a total amount of $180,036 and 11, calls, for a total amount of $709,125.
Expected Price Movements
Taking into account the Volume and Open Interest on these contracts, it appears that whales have been targeting a price range from $70.0 to $105.0 for CoStar Gr over the last 3 months.
Analyzing Volume & Open Interest
Looking at the volume and open interest is an insightful way to conduct due diligence on a stock.
This data can help you track the liquidity and interest for CoStar Gr's options for a given strike price.
Below, we can observe the evolution of the volume and open interest of calls and puts, respectively, for all of CoStar Gr's whale activity within a strike price range from $70.0 to $105.0 in the last 30 days.
CoStar Gr 30-Day Option Volume & Interest Snapshot
Significant Options Trades Detected:
| Symbol | PUT/CALL | Trade Type | Sentiment | Exp. Date | Strike Price | Total Trade Price | Open Interest | Volume |
|---|---|---|---|---|---|---|---|---|
| CSGP | CALL | SWEEP | BULLISH | 04/19/24 | $95.00 | $180.2K | 1.0K | 2.0K |
| CSGP | PUT | SWEEP | BEARISH | 04/19/24 | $85.00 | $102.5K | 741 | 902 |
| CSGP | CALL | SWEEP | BULLISH | 07/19/24 | $100.00 | $90.7K | 22 | 193 |
| CSGP | CALL | SWEEP | BULLISH | 04/19/24 | $95.00 | $89.1K | 1.0K | 2.2K |
| CSGP | CALL | SWEEP | BEARISH | 01/17/25 | $70.00 | $80.7K | 36 | 11 |
About CoStar Gr
CoStar Group is a leading provider of commercial real estate data and marketplace listing platforms. Its data offering contains in-depth analytical information on over 5 million commercial real estate properties related to various subsectors including office, retail, hotels, multifamily, healthcare, industrial, self-storage, and data centers. It operates many flagship brands such as CoStar Suite, LoopNet, Apartments.com, BizBuySell, and Lands of America, with more than 80% of its revenue classified as subscription-based. The company recently expanded its presence in Canada, the United Kingdom, Spain, and France.
After a thorough review of the options trading surrounding CoStar Gr, we move to examine the company in more detail. This includes an assessment of its current market status and performance.
Current Position of CoStar Gr
- Currently trading with a volume of 3,038,984, the CSGP's price is up by 0.08%, now at $87.94.
- RSI readings suggest the stock is currently may be overbought.
- Anticipated earnings release is in 39 days.
Professional Analyst Ratings for CoStar Gr
In the last month, 5 experts released ratings on this stock with an average target price of $86.6.
- An analyst from RBC Capital downgraded its action to Outperform with a price target of $95.
- An analyst from Goldman Sachs persists with their Buy rating on CoStar Gr, maintaining a target price of $84.
- An analyst from BMO Capital has decided to maintain their Market Perform rating on CoStar Gr, which currently sits at a price target of $79.
- Consistent in their evaluation, an analyst from JMP Securities keeps a Market Outperform rating on CoStar Gr with a target price of $85.
- An analyst from Needham has decided to maintain their Buy rating on CoStar Gr, which currently sits at a price target of $90.
Options trading presents higher risks and potential rewards. Astute traders manage these risks by continually educating themselves, adapting their strategies, monitoring multiple indicators, and keeping a close eye on market movements. Stay informed about the latest CoStar Gr options trades with real-time alerts from Benzinga Pro.
© 2024 Benzinga.com. Benzinga does not provide investment advice. All rights reserved.
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