CoStar Group (NASDAQ:CSGP) Reaches New 12-Month Low – What’s Next?

CoStar Group, Inc. (NASDAQ:CSGP)’s stock price hit a new 52-week low during mid-day trading on Friday . The company 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

CSGP has been the subject of a number of recent research reports. Robert W. Baird lowered their target price on CoStar Group from $73.00 to $56.00 and set an “outperform” rating for the company in a research note on Monday, April 13th. Deutsche Bank Aktiengesellschaft set a $44.00 price target on CoStar Group in a research note on Thursday, April 30th. Citigroup dropped their price objective on CoStar Group from $100.00 to $70.00 and set a “buy” rating for the company in a research note on Thursday, April 23rd. Weiss Ratings reiterated a “sell (d)” rating on shares of CoStar Group in a report on Wednesday, June 24th. Finally, Wall Street Zen upgraded shares of CoStar Group from a “hold” rating to a “buy” rating in a research report on Saturday, May 2nd. Thirteen research analysts have rated the stock with a Buy rating, five have assigned a Hold rating and two have given a Sell rating to the company’s stock. According to MarketBeat, the company presently has an average rating of “Moderate Buy” and an average price target of $54.50.

CoStar Group Price Performance

The stock has a market cap of $11.59 billion, a P/E ratio of 473.25, a price-to-earnings-growth ratio of 0.73 and a beta of 0.74. The company has a debt-to-equity ratio of 0.13, a quick ratio of 2.20 and a current ratio of 2.20. The firm has a 50-day moving average price of $31.94 and a 200-day moving average price of $43.99.

CoStar Group (NASDAQ:CSGP) last released its earnings results on Tuesday, April 28th. The technology company reported $0.23 EPS 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 for the quarter, compared to the consensus estimate of $896.73 million. During the same period in the previous year, the company posted ($0.04) earnings per share. The company’s revenue for the quarter 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. On average, analysts forecast that CoStar Group, Inc. will post 1.03 earnings per share for the current fiscal year.

Insider Activity

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

Institutional Trading of CoStar Group

Institutional investors have recently made changes to their positions in the stock. United Capital Financial Advisors LLC grew its holdings in shares of CoStar Group by 2.3% during the third quarter. United Capital Financial Advisors LLC now owns 7,545 shares of the technology company’s stock worth $637,000 after purchasing an additional 167 shares during the last quarter. Man Group plc grew its stake in CoStar Group by 1.7% during the 2nd quarter. Man Group plc now owns 10,368 shares of the technology company’s stock worth $834,000 after buying an additional 177 shares during the last quarter. Norinchukin Bank The grew its stake in CoStar Group by 0.5% during the 3rd quarter. Norinchukin Bank The now owns 35,539 shares of the technology company’s stock worth $2,998,000 after buying an additional 184 shares during the last quarter. Wealth Enhancement Advisory Services LLC increased its position in CoStar Group by 0.9% during the fourth quarter. Wealth Enhancement Advisory Services LLC now owns 21,517 shares of the technology company’s stock worth $1,446,000 after buying an additional 186 shares during the period. Finally, Allworth Financial LP lifted its stake in CoStar Group by 6.5% in the third quarter. Allworth Financial LP now owns 3,745 shares of the technology company’s stock valued at $316,000 after buying an additional 228 shares during the last quarter. Hedge funds and other institutional investors 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.