CoStar Group (NASDAQ:CSGP) Hits New 1-Year Low – Time to Sell?

CoStar Group, Inc. (NASDAQ:CSGP)’s stock price reached a new 52-week low on Friday . The stock traded as low as $28.13 and last traded at $28.2160, with a volume of 2458566 shares trading hands. The stock had previously closed at $29.19.

Analysts Set New Price Targets

A number of equities research analysts recently weighed in on CSGP shares. Wall Street Zen raised shares of CoStar Group from a “hold” rating to a “buy” rating in a research note on Saturday, May 2nd. Weiss Ratings reaffirmed a “sell (d)” rating on shares of CoStar Group in a report on Wednesday, June 24th. Robert W. Baird cut their price target on CoStar Group from $73.00 to $56.00 and set an “outperform” rating on the stock in a report on Monday, April 13th. Needham & Company LLC cut their target price on CoStar Group from $60.00 to $50.00 and set a “buy” rating for the company in a research report on Wednesday, April 29th. Finally, Deutsche Bank Aktiengesellschaft set a $44.00 price objective on shares of CoStar Group in a research report on Thursday, April 30th. Thirteen equities research analysts have rated the stock with a Buy rating, five have issued a Hold rating and two have issued a Sell rating to the company. Based on data from MarketBeat.com, CoStar Group currently has an average rating of “Moderate Buy” and a consensus target price of $54.50.

CoStar Group Stock Down 3.1%

The business’s 50 day simple moving average is $32.05 and its 200 day simple moving average is $44.10. The company has a market capitalization of $11.55 billion, a PE ratio of 470.66, a price-to-earnings-growth ratio of 0.75 and a beta of 0.74. The company has a quick ratio of 2.20, a current ratio of 2.20 and a debt-to-equity ratio of 0.13.

CoStar Group (NASDAQ:CSGP) last released its quarterly earnings results on Tuesday, April 28th. The technology company reported $0.23 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.18 by $0.05. The business had revenue of $897.00 million for the quarter, compared to analyst estimates of $896.73 million. CoStar Group had a net margin of 0.74% and a return on equity of 2.90%. The firm’s revenue was up 22.5% compared to the same quarter last year. During the same quarter in the previous year, the business earned ($0.04) earnings per share. 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. As a group, analysts forecast that CoStar Group, Inc. will post 1.03 EPS for the current year.

Insiders Place Their Bets

In other news, CEO Andrew C. Florance purchased 71,430 shares of CoStar Group stock in a transaction dated Friday, May 1st. The stock was acquired at an average cost of $35.20 per share, for a total transaction of $2,514,336.00. Following the acquisition, the chief executive officer directly owned 1,722,865 shares in the company, valued at $60,644,848. This represents a 4.33% increase in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. Corporate insiders own 1.18% of the company’s stock.

Hedge Funds Weigh In On CoStar Group

Several hedge funds and other institutional investors have recently added to or reduced their stakes in the business. Handelsbanken Fonder AB boosted its holdings in shares of CoStar Group by 6.4% during the 2nd quarter. Handelsbanken Fonder AB now owns 129,700 shares of the technology company’s stock worth $3,673,000 after buying an additional 7,820 shares during the period. Czech National Bank lifted its position in CoStar Group by 0.7% during the 2nd quarter. Czech National Bank now owns 116,234 shares of the technology company’s stock worth $3,292,000 after acquiring an additional 808 shares during the last quarter. Red Spruce Capital LLC boosted its holdings in CoStar Group by 101.0% during the second quarter. Red Spruce Capital LLC now owns 76,448 shares of the technology company’s stock valued at $2,165,000 after acquiring an additional 38,413 shares during the period. Versant Capital Management Inc grew its position in shares of CoStar Group by 227.7% in the second quarter. Versant Capital Management Inc now owns 3,431 shares of the technology company’s stock valued at $97,000 after purchasing an additional 2,384 shares during the last quarter. Finally, Ramiah Investment Group increased its stake in shares of CoStar Group by 32.1% in the first quarter. Ramiah Investment Group now owns 7,217 shares of the technology company’s stock worth $291,000 after purchasing an additional 1,755 shares during the period. 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.