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

CoStar Group, Inc. (NASDAQ:CSGP) hit a new 52-week low on Wednesday . The stock traded as low as $40.78 and last traded at $41.46, with a volume of 4556838 shares changing hands. The stock had previously closed at $42.91.

Analyst Upgrades and Downgrades

CSGP has been the subject of several research reports. Royal Bank Of Canada reduced their target price on CoStar Group from $75.00 to $57.00 and set a “sector perform” rating for the company in a research note on Wednesday, February 25th. Citizens Jmp cut their price target on CoStar Group from $78.00 to $73.00 and set a “market outperform” rating on the stock in a report on Wednesday, February 25th. Wells Fargo & Company reduced their price objective on CoStar Group from $48.00 to $44.00 and set an “underweight” rating for the company in a research note on Wednesday, February 25th. Citigroup restated a “market outperform” rating on shares of CoStar Group in a report on Thursday, January 8th. Finally, Zacks Research raised CoStar Group from a “strong sell” rating to a “hold” rating in a research report on Monday, March 9th. One investment analyst has rated the stock with a Strong Buy rating, eleven have given a Buy rating, five have assigned a Hold rating and two have issued a Sell rating to the stock. Based on data from MarketBeat.com, CoStar Group currently has a consensus rating of “Moderate Buy” and an average target price of $72.76.

CoStar Group Stock Down 3.4%

The company has a market cap of $17.40 billion, a price-to-earnings ratio of 4,150.15, a price-to-earnings-growth ratio of 1.15 and a beta of 0.89. The company has a debt-to-equity ratio of 0.12, a quick ratio of 2.84 and a current ratio of 2.84. The stock’s fifty day moving average is $51.61 and its two-hundred day moving average is $65.40.

CoStar Group (NASDAQ:CSGP) last released its quarterly earnings results on Tuesday, February 24th. The technology company reported $0.31 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.27 by $0.04. The business had revenue of $899.90 million during the quarter, compared to the consensus estimate of $892.22 million. CoStar Group had a return on equity of 2.53% and a net margin of 0.23%.The company’s quarterly revenue was up 26.9% on a year-over-year basis. During the same quarter in the previous year, the business earned $0.26 EPS. CoStar Group has set its Q1 2026 guidance at 0.160-0.190 EPS. Sell-side analysts predict that CoStar Group, Inc. will post 0.94 earnings per share for the current fiscal year.

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

Insider Activity

In related news, Director Louise S. Sams purchased 1,000 shares of the firm’s stock in a transaction that occurred on Friday, March 6th. The stock was acquired at an average price of $48.36 per share, for a total transaction of $48,360.00. Following the completion of the acquisition, the director owned 20,409 shares of the company’s stock, valued at $986,979.24. This represents a 5.15% increase in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. 1.09% of the stock is currently owned by insiders.

Hedge Funds Weigh In On CoStar Group

A number of hedge funds have recently bought and sold shares of CSGP. Integrated Wealth Concepts LLC lifted its position in shares of CoStar Group by 9.8% during the first quarter. Integrated Wealth Concepts LLC now owns 4,789 shares of the technology company’s stock valued at $379,000 after purchasing an additional 426 shares in the last quarter. NewEdge Advisors LLC grew its position in CoStar Group by 727.5% in the 1st quarter. NewEdge Advisors LLC now owns 1,473 shares of the technology company’s stock worth $117,000 after purchasing an additional 1,295 shares in the last quarter. Jones Financial Companies Lllp grew its position in CoStar Group by 860.7% in the 1st quarter. Jones Financial Companies Lllp now owns 12,691 shares of the technology company’s stock worth $1,006,000 after purchasing an additional 11,370 shares in the last quarter. Empowered Funds LLC increased its stake in CoStar Group by 9.2% in the 1st quarter. Empowered Funds LLC now owns 7,941 shares of the technology company’s stock valued at $629,000 after buying an additional 666 shares during the last quarter. Finally, Woodline Partners LP increased its stake in CoStar Group by 44.6% in the 1st quarter. Woodline Partners LP now owns 35,604 shares of the technology company’s stock valued at $2,821,000 after buying an additional 10,984 shares during the last quarter. 96.60% of the stock is owned by hedge funds and other institutional investors.

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.