CoStar Group (NASDAQ:CSGP) Hits New 1-Year Low – Here’s What Happened

CoStar Group, Inc. (NASDAQ:CSGP) shares reached a new 52-week low during mid-day trading on Thursday . The stock traded as low as $31.78 and last traded at $31.97, with a volume of 8481970 shares changing hands. The stock had previously closed at $33.05.

Wall Street Analyst Weigh In

Several equities analysts have recently issued reports on the stock. Weiss Ratings restated a “sell (d)” rating on shares of CoStar Group in a report on Friday, March 27th. Jefferies Financial Group upgraded shares of CoStar Group from a “hold” rating to a “buy” rating and set a $67.00 price objective on the stock in a report on Friday, February 20th. Robert W. Baird cut their price objective on shares of CoStar Group from $73.00 to $56.00 and set an “outperform” rating on the stock in a report on Monday, April 13th. Royal Bank Of Canada cut their price objective on shares of CoStar Group from $75.00 to $57.00 and set a “sector perform” rating on the stock in a report on Wednesday, February 25th. Finally, JPMorgan Chase & Co. cut their price objective on shares of CoStar Group from $82.00 to $70.00 and set an “overweight” rating on the stock in a report on Wednesday, April 29th. Twelve investment analysts have rated the stock with a Buy rating, five have given a Hold rating and two have assigned a Sell rating to the company. According to data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and an average price target of $58.12.

CoStar Group Trading Down 3.3%

The company’s fifty day moving average is $39.94 and its two-hundred day moving average is $54.70. The company has a debt-to-equity ratio of 0.13, a quick ratio of 2.20 and a current ratio of 2.20. The company has a market cap of $13.06 billion, a price-to-earnings ratio of 532.92, a P/E/G ratio of 0.85 and a beta of 0.75.

CoStar Group (NASDAQ:CSGP) last issued its quarterly earnings results on Tuesday, April 28th. The technology company reported $0.23 earnings per share for the quarter, topping the consensus estimate of $0.18 by $0.05. CoStar Group had a net margin of 0.74% and a return on equity of 2.90%. The company had revenue of $897.00 million for the quarter, compared to the consensus estimate of $896.73 million. During the same quarter in the prior year, the company earned ($0.04) EPS. CoStar Group’s quarterly revenue was up 22.5% on a year-over-year basis. CoStar Group has set its Q2 2026 guidance at 0.270-0.300 EPS and its FY 2026 guidance at 1.320-1.390 EPS. On average, research analysts anticipate that CoStar Group, Inc. will post 1.03 EPS for the current year.

Insider Activity at CoStar Group

In related news, Director Louise S. Sams acquired 1,000 shares of the stock in a transaction on Friday, March 6th. The shares were acquired at an average price of $48.36 per share, for a total transaction of $48,360.00. Following the transaction, the director owned 20,409 shares in the company, valued at approximately $986,979.24. This trade represents a 5.15% increase in their position. The purchase was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, CEO Andrew C. Florance acquired 71,430 shares of the stock in a transaction on Friday, May 1st. The stock was bought at an average price of $35.20 per share, for a total transaction of $2,514,336.00. Following the transaction, the chief executive officer owned 1,722,865 shares in the company, valued at approximately $60,644,848. This represents a 4.33% increase in their position. Additional details regarding this purchase are available in the official SEC disclosure. Corporate insiders own 1.09% of the company’s stock.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently made changes to their positions in CSGP. Quent Capital LLC purchased a new position in shares of CoStar Group during the 3rd quarter valued at approximately $26,000. Reflection Asset Management purchased a new position in shares of CoStar Group during the 4th quarter valued at approximately $27,000. Manning & Napier Advisors LLC purchased a new position in shares of CoStar Group during the 3rd quarter valued at approximately $28,000. Lloyd Advisory Services LLC. purchased a new position in shares of CoStar Group during the 4th quarter valued at approximately $29,000. Finally, Westside Investment Management Inc. lifted its position in shares of CoStar Group by 100.0% during the 3rd quarter. Westside Investment Management Inc. now owns 360 shares of the technology company’s stock valued at $30,000 after buying an additional 180 shares in the last quarter. Hedge funds and other institutional investors own 96.60% of the company’s stock.

CoStar Group Company Profile

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.