CoStar Group (NASDAQ:CSGP) Reaches New 1-Year Low – Here’s Why

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

Wall Street Analysts Forecast Growth

CSGP has been the topic of a number of recent research reports. Citizens Jmp lowered their target price on CoStar Group from $73.00 to $44.00 and set a “market outperform” rating on the stock in a research note on Wednesday, April 29th. BTIG Research restated a “buy” rating and issued a $55.00 target price on shares of CoStar Group in a research note on Wednesday, April 29th. BMO Capital Markets lowered their target price on CoStar Group from $72.00 to $53.00 and set a “market perform” rating on the stock in a research note on Thursday, February 26th. Zacks Research upgraded CoStar Group from a “strong sell” rating to a “hold” rating in a research note on Monday, March 9th. Finally, Needham & Company LLC lowered their target price on CoStar Group from $60.00 to $50.00 and set a “buy” rating on the stock in a research note on Wednesday, April 29th. Twelve research analysts have rated the stock with a Buy rating, five have issued a Hold rating and two have assigned a Sell rating to the company’s stock. According to MarketBeat, the company currently has a consensus rating of “Moderate Buy” and a consensus target price of $58.12.

CoStar Group Stock Up 2.6%

The company has a current ratio of 2.20, a quick ratio of 2.20 and a debt-to-equity ratio of 0.13. The firm has a market cap of $13.35 billion, a price-to-earnings ratio of 544.76, a PEG ratio of 0.82 and a beta of 0.75. The firm has a 50-day moving average of $39.35 and a two-hundred day moving average of $54.23.

CoStar Group (NASDAQ:CSGP) last posted its quarterly earnings data 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 return on equity of 2.90% and a net margin of 0.74%.The business had revenue of $897.00 million during the quarter, compared to analysts’ expectations of $896.73 million. During the same quarter in the previous year, the firm earned ($0.04) EPS. The firm’s revenue was up 22.5% compared to the same quarter last year. 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, sell-side analysts predict that CoStar Group, Inc. will post 1.03 earnings per share for the current fiscal year.

Insider Activity

In other CoStar Group news, Director Louise S. Sams acquired 1,000 shares of the business’s stock in a transaction that occurred on Friday, March 6th. The stock was acquired at an average price of $48.36 per share, with a total value of $48,360.00. Following the transaction, the director owned 20,409 shares of the company’s stock, valued at approximately $986,979.24. This trade represents a 5.15% increase in their ownership of the stock. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Also, CEO Andrew C. Florance acquired 71,430 shares of the business’s 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 transaction, the chief executive officer directly owned 1,722,865 shares in the company, valued at $60,644,848. The trade was a 4.33% increase in their position. The SEC filing for this purchase provides additional information. 1.09% of the stock is currently owned by insiders.

Hedge Funds Weigh In On CoStar Group

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