CoStar Group (NASDAQ:CSGP) Sets New 52-Week Low Following Analyst Downgrade

Shares of CoStar Group, Inc. (NASDAQ:CSGP) hit a new 52-week low during trading on Tuesday after Keefe, Bruyette & Woods lowered their price target on the stock from $100.00 to $75.00. Keefe, Bruyette & Woods currently has an outperform rating on the stock. CoStar Group traded as low as $57.01 and last traded at $59.30, with a volume of 8883062 shares trading hands. The stock had previously closed at $58.49.

Other research analysts have also issued research reports about the company. Deutsche Bank Aktiengesellschaft set a $68.00 price objective on CoStar Group in a research report on Thursday. Citizens Jmp reduced their price target on shares of CoStar Group from $100.00 to $78.00 and set a “market outperform” rating for the company in a report on Thursday, January 8th. Wells Fargo & Company restated an “underweight” rating and set a $55.00 price target (down previously from $60.00) on shares of CoStar Group in a research report on Thursday. BMO Capital Markets cut their price objective on shares of CoStar Group from $77.00 to $72.00 and set a “market perform” rating on the stock in a research report on Thursday, January 8th. Finally, Royal Bank Of Canada restated a “sector perform” rating and issued a $91.00 target price on shares of CoStar Group in a research report on Thursday, October 9th. One investment analyst has rated the stock with a Strong Buy rating, thirteen have given a Buy rating, five have assigned a Hold rating and two have issued a Sell rating to the company’s stock. Based on data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and a consensus price target of $84.81.

Institutional Investors Weigh In On CoStar Group

A number of institutional investors have recently added to or reduced their stakes in the company. NewSquare Capital LLC increased its position in shares of CoStar Group by 35.6% during the 2nd quarter. NewSquare Capital LLC now owns 411 shares of the technology company’s stock valued at $33,000 after purchasing an additional 108 shares during the period. Emerald Advisers LLC boosted its stake in CoStar Group by 1.9% during the second quarter. Emerald Advisers LLC now owns 5,763 shares of the technology company’s stock valued at $463,000 after buying an additional 110 shares in the last quarter. Empirical Finance LLC grew its holdings in CoStar Group by 1.4% during the second quarter. Empirical Finance LLC now owns 8,376 shares of the technology company’s stock worth $673,000 after acquiring an additional 114 shares during the period. Wallace Advisory Group LLC raised its position in CoStar Group by 2.5% in the second quarter. Wallace Advisory Group LLC now owns 5,201 shares of the technology company’s stock worth $412,000 after acquiring an additional 126 shares in the last quarter. Finally, STF Management LP raised its position in CoStar Group by 2.1% in the second quarter. STF Management LP now owns 6,269 shares of the technology company’s stock worth $504,000 after acquiring an additional 128 shares in the last quarter. 96.60% of the stock is currently owned by institutional investors and hedge funds.

CoStar Group Stock Performance

The company’s 50-day moving average price is $66.71 and its two-hundred day moving average price is $78.62. The company has a market cap of $25.13 billion, a P/E ratio of 1,186.00, a price-to-earnings-growth ratio of 1.49 and a beta of 0.84. The company has a current ratio of 3.12, a quick ratio of 3.12 and a debt-to-equity ratio of 0.12.

CoStar Group (NASDAQ:CSGP) last released its earnings results on Tuesday, October 28th. The technology company reported $0.23 EPS for the quarter, topping analysts’ consensus estimates of $0.19 by $0.04. The business had revenue of $833.60 million for the quarter, compared to the consensus estimate of $823.62 million. CoStar Group had a net margin of 0.66% and a return on equity of 2.45%. The business’s revenue for the quarter was up 20.4% on a year-over-year basis. During the same period in the previous year, the firm earned $0.22 EPS. CoStar Group has set its Q4 2025 guidance at 0.260-0.280 EPS and its FY 2025 guidance at 0.820-0.840 EPS. As a group, equities analysts forecast that CoStar Group, Inc. will post 0.94 earnings per share for the current year.

CoStar Group announced that its Board of Directors has approved a share repurchase plan on Wednesday, January 7th that authorizes the company to buyback $1.50 billion in shares. This buyback authorization authorizes the technology company to reacquire up to 5.3% of its stock through open market purchases. Stock buyback plans are often a sign that the company’s board believes its shares are undervalued.

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.