CoStar Group (NASDAQ:CSGP) Hits New 12-Month Low – Here’s Why

Shares of CoStar Group, Inc. (NASDAQ:CSGP) hit a new 52-week low during mid-day trading on Monday . The company traded as low as $62.88 and last traded at $62.6010, with a volume of 1037110 shares. The stock had previously closed at $68.23.

Analysts Set New Price Targets

Several analysts have weighed in on the company. Royal Bank Of Canada reaffirmed a “sector perform” rating and set a $91.00 target price on shares of CoStar Group in a research note on Thursday, October 9th. Wolfe Research started coverage on shares of CoStar Group in a research note on Wednesday, September 3rd. They set an “outperform” rating and a $105.00 price objective on the stock. Wells Fargo & Company set a $60.00 price target on CoStar Group and gave the company an “underweight” rating in a research note on Monday, November 17th. Needham & Company LLC reiterated a “buy” rating and issued a $105.00 price target on shares of CoStar Group in a research report on Monday, December 8th. Finally, Jefferies Financial Group raised shares of CoStar Group to a “hold” rating in a research note on Wednesday, October 29th. One investment analyst has rated the stock with a Strong Buy rating, twelve have assigned a Buy rating, five have assigned a Hold rating and two have given a Sell rating to the stock. According to MarketBeat.com, the company has a consensus rating of “Moderate Buy” and a consensus target price of $93.38.

CoStar Group Stock Performance

The stock has a market capitalization of $26.56 billion, a PE ratio of 1,252.08, a P/E/G ratio of 3.31 and a beta of 0.84. The company has a debt-to-equity ratio of 0.12, a quick ratio of 3.12 and a current ratio of 3.12. The firm has a 50 day moving average of $71.14 and a 200-day moving average of $80.68.

CoStar Group (NASDAQ:CSGP) last posted its quarterly earnings results on Tuesday, October 28th. The technology company reported $0.23 EPS for the quarter, topping the consensus estimate of $0.19 by $0.04. The business had revenue of $833.60 million during the quarter, compared to analysts’ expectations of $823.62 million. CoStar Group had a net margin of 0.66% and a return on equity of 2.45%. The firm’s quarterly revenue was up 20.4% compared to the same quarter last year. During the same period last year, the company posted $0.22 earnings per share. 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. Research analysts forecast that CoStar Group, Inc. will post 0.94 earnings per share for the current year.

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently bought and sold shares of the company. First Citizens Bank & Trust Co. grew its stake in shares of CoStar Group by 22.4% in the 2nd quarter. First Citizens Bank & Trust Co. now owns 125,889 shares of the technology company’s stock valued at $10,121,000 after purchasing an additional 23,043 shares during the period. Stephens Investment Management Group LLC grew its position in CoStar Group by 4.7% in the second quarter. Stephens Investment Management Group LLC now owns 773,281 shares of the technology company’s stock valued at $62,172,000 after acquiring an additional 34,444 shares during the period. Nomura Asset Management Co. Ltd. raised its stake in CoStar Group by 4.4% during the second quarter. Nomura Asset Management Co. Ltd. now owns 153,459 shares of the technology company’s stock worth $12,338,000 after acquiring an additional 6,517 shares in the last quarter. Generate Investment Management Ltd bought a new position in shares of CoStar Group during the second quarter valued at $6,306,000. Finally, SG Capital Management LLC bought a new position in shares of CoStar Group during the second quarter valued at $75,588,000. Hedge funds and other institutional investors own 96.60% of the company’s stock.

CoStar Group Company Profile

CoStar Group, Inc provides information, analytics, and online marketplace services to the commercial real estate, hospitality, residential, and related professionals industries in the United States, Canada, Europe, the Asia Pacific, and Latin America. The company offers CoStar Property that provides inventory of office, industrial, retail, multifamily, hospitality, and student housing properties and land; CoStar Sales, a robust database of comparable commercial real estate sales transactions; CoStar Market Analytics to view and report on aggregated market and submarket trends; and CoStar Tenant, an online business-to-business prospecting and analytical tool that provides tenant information.