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

CoStar Group, Inc. (NASDAQ:CSGP) reached a new 52-week low during mid-day trading on Tuesday . The stock traded as low as $28.46 and last traded at $28.8150, with a volume of 385531 shares traded. The stock had previously closed at $29.32.

Analyst Upgrades and Downgrades

CSGP has been the subject of several research analyst reports. Wells Fargo & Company set a $26.00 price objective on shares of CoStar Group and gave the company an “underweight” rating in a research report on Wednesday, June 24th. Stephens decreased their price target on CoStar Group from $50.00 to $42.00 and set an “overweight” rating on the stock in a research note on Monday, May 4th. Weiss Ratings reissued a “sell (d)” rating on shares of CoStar Group in a report on Wednesday, June 24th. Needham & Company LLC dropped their price objective 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, Benchmark initiated coverage on CoStar Group in a research note on Thursday, June 4th. They issued a “buy” rating and a $45.00 price objective on the stock. Thirteen 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’s stock. According to MarketBeat, CoStar Group has an average rating of “Moderate Buy” and an average price target of $54.50.

CoStar Group Price Performance

The business has a 50 day moving average price of $33.43 and a two-hundred day moving average price of $46.15. The stock has a market cap of $11.65 billion, a PE ratio of 476.08, a P/E/G ratio of 0.78 and a beta of 0.72. The company has a debt-to-equity ratio of 0.13, a quick ratio of 2.20 and a current ratio of 2.20.

CoStar Group (NASDAQ:CSGP) last released 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 firm had revenue of $897.00 million for the quarter, compared to analysts’ expectations of $896.73 million. During the same quarter in the prior year, the firm posted ($0.04) earnings per share. The business’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. Research analysts expect that CoStar Group, Inc. will post 1.03 earnings per share for the current fiscal year.

Insiders Place Their Bets

In related news, CEO Andrew C. Florance bought 71,430 shares of the stock in a transaction that occurred on Friday, May 1st. The shares were acquired at an average cost of $35.20 per share, with a total value of $2,514,336.00. Following the completion of the purchase, the chief executive officer directly owned 1,722,865 shares of the company’s stock, valued at $60,644,848. This trade represents a 4.33% increase in their position. The acquisition was disclosed in a filing with the SEC, which is available through this hyperlink. 1.18% of the stock is owned by corporate insiders.

Hedge Funds Weigh In On CoStar Group

A number of institutional investors have recently made changes to their positions in the stock. Norges Bank bought a new stake in shares of CoStar Group during the 4th quarter worth $476,765,000. Baillie Gifford & Co. grew its position in CoStar Group by 56.9% in the fourth quarter. Baillie Gifford & Co. now owns 12,933,185 shares of the technology company’s stock worth $869,627,000 after acquiring an additional 4,691,543 shares in the last quarter. Capital International Investors increased its stake in CoStar Group by 59.7% in the fourth quarter. Capital International Investors now owns 10,842,010 shares of the technology company’s stock valued at $729,020,000 after acquiring an additional 4,053,456 shares during the last quarter. Viking Global Investors LP bought a new stake in CoStar Group during the second quarter worth about $258,773,000. Finally, Goldman Sachs Group Inc. boosted its holdings in shares of CoStar Group by 70.9% in the 4th quarter. Goldman Sachs Group Inc. now owns 3,751,312 shares of the technology company’s stock worth $252,238,000 after purchasing an additional 1,556,100 shares in the last quarter. 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.