CoStar Group (NASDAQ:CSGP) Reaches New 12-Month Low – Should You Sell?

Shares of CoStar Group, Inc. (NASDAQ:CSGP) reached a new 52-week low on Wednesday . The company traded as low as $38.69 and last traded at $39.0840, with a volume of 510385 shares trading hands. The stock had previously closed at $40.34.

Wall Street Analyst Weigh In

A number of equities research analysts have recently issued reports on CSGP shares. William Blair reiterated an “outperform” rating on shares of CoStar Group in a research note on Tuesday, March 3rd. Zacks Research raised shares of CoStar Group from a “strong sell” rating to a “hold” rating in a research note on Monday, March 9th. BMO Capital Markets lowered their target price on shares of CoStar Group from $72.00 to $53.00 and set a “market perform” rating on the stock in a report on Thursday, February 26th. Citigroup reaffirmed a “market outperform” rating on shares of CoStar Group in a research report on Thursday, January 8th. Finally, Keefe, Bruyette & Woods cut their price target on shares of CoStar Group from $75.00 to $70.00 and set an “outperform” rating for the company in a research note on Wednesday, February 25th. One analyst has rated the stock with a Strong Buy rating, eleven have assigned a Buy rating, five have issued a Hold rating and two have given a Sell rating to the company. Based on data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and an average target price of $72.76.

CoStar Group Stock Down 2.5%

The stock has a market cap of $16.52 billion, a P/E ratio of 3,923.82, a price-to-earnings-growth ratio of 1.09 and a beta of 0.89. The firm has a 50 day simple moving average of $49.24 and a 200-day simple moving average of $63.76. The company has a quick ratio of 2.84, a current ratio of 2.84 and a debt-to-equity ratio of 0.12.

CoStar Group (NASDAQ:CSGP) last issued its earnings results on Tuesday, February 24th. The technology company reported $0.31 EPS for the quarter, topping the consensus estimate of $0.27 by $0.04. The company had revenue of $899.90 million during the quarter, compared to the consensus estimate of $892.22 million. CoStar Group had a return on equity of 2.53% and a net margin of 0.23%.The firm’s revenue for the quarter was up 26.9% compared to the same quarter last year. During the same period in the previous year, the company posted $0.26 EPS. CoStar Group has set its Q1 2026 guidance at 0.160-0.190 EPS. On average, equities research analysts forecast that CoStar Group, Inc. will post 0.94 earnings per share for the current fiscal year.

CoStar Group declared that its board has approved a share buyback program on Wednesday, January 7th that authorizes the company to buyback $1.50 billion in shares. This buyback authorization authorizes the technology company to purchase up to 5.3% of its shares through open market purchases. Shares buyback programs are usually an indication that the company’s board of directors believes its stock is undervalued.

Insider Activity at CoStar Group

In related news, Director Louise S. Sams acquired 1,000 shares of the firm’s stock in a transaction on Friday, March 6th. The shares were purchased at an average cost of $48.36 per share, for a total transaction of $48,360.00. Following the completion of the acquisition, the director directly owned 20,409 shares in the company, valued at approximately $986,979.24. This trade represents a 5.15% increase in their ownership of the stock. The purchase was disclosed in a filing with the SEC, which is accessible through the SEC website. 1.09% of the stock is currently owned by corporate insiders.

Institutional Trading of CoStar Group

Several hedge funds and other institutional investors have recently modified their holdings of CSGP. Quent Capital LLC acquired a new position in CoStar Group in the 3rd quarter valued at about $26,000. Reflection Asset Management acquired a new stake in CoStar Group during the fourth quarter worth approximately $27,000. Manning & Napier Advisors LLC bought a new stake in shares of CoStar Group during the third quarter worth approximately $28,000. Lloyd Advisory Services LLC. bought a new stake in shares of CoStar Group during the fourth quarter worth approximately $29,000. Finally, Westside Investment Management Inc. grew its position in shares of CoStar Group by 100.0% in the third quarter. Westside Investment Management Inc. now owns 360 shares of the technology company’s stock valued at $30,000 after purchasing an additional 180 shares during the last quarter. Institutional investors own 96.60% of the company’s stock.

About CoStar Group

CoStar Group, Inc is a provider of information, analytics and online marketplaces for the commercial real estate industry. The company gathers property-level data, builds market analytics and supplies research tools used by brokers, owners, lenders, investors and other real estate professionals to evaluate markets, track inventory and manage listings. CoStar’s offerings are delivered primarily through subscription-based platforms that combine proprietary databases, mapping and workflow applications to support decision-making across the property life cycle.

In addition to its core CoStar research service, the company operates prominent online listing and marketing platforms that connect buyers, sellers, tenants and brokers.