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

CoStar Group, Inc. (NASDAQ:CSGP) shares reached a new 52-week low during trading on Tuesday . The company traded as low as $29.08 and last traded at $29.22, with a volume of 7005582 shares trading hands. The stock had previously closed at $30.12.

Analyst Upgrades and Downgrades

Several equities research analysts recently weighed in on CSGP shares. Needham & Company LLC reduced their price target 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. William Blair reissued an “outperform” rating on shares of CoStar Group in a research report on Tuesday, March 3rd. The Goldman Sachs Group dropped their target price on shares of CoStar Group from $63.00 to $54.00 and set a “buy” rating on the stock in a report on Thursday, April 30th. Zacks Research upgraded shares of CoStar Group from a “strong sell” rating to a “hold” rating in a research note on Monday, March 9th. Finally, Wall Street Zen raised shares of CoStar Group from a “hold” rating to a “buy” rating in a research note on Saturday, May 2nd. Thirteen research analysts have rated the stock with a Buy rating, five have given a Hold rating and two have assigned a Sell rating to the company’s stock. Based on data from MarketBeat, the stock has an average rating of “Moderate Buy” and a consensus price target of $55.33.

CoStar Group Trading Down 3.0%

The firm has a 50-day moving average price of $34.27 and a 200-day moving average price of $47.50. 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 stock has a market cap of $11.93 billion, a PE ratio of 487.08, a price-to-earnings-growth ratio of 0.77 and a beta of 0.72.

CoStar Group (NASDAQ:CSGP) last announced its quarterly earnings data on Tuesday, April 28th. The technology company reported $0.23 EPS for the quarter, beating the consensus estimate of $0.18 by $0.05. The company had revenue of $897.00 million for the quarter, compared to the consensus estimate of $896.73 million. CoStar Group had a net margin of 0.74% and a return on equity of 2.90%. CoStar Group’s revenue for the quarter was up 22.5% on a year-over-year basis. During the same period in the prior year, the firm posted ($0.04) EPS. 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, equities analysts anticipate that CoStar Group, Inc. will post 1.03 EPS for the current fiscal year.

Insider Activity

In other news, CEO Andrew C. Florance purchased 71,430 shares of the business’s stock in a transaction dated Friday, May 1st. The shares were purchased at an average price of $35.20 per share, for a total transaction of $2,514,336.00. Following the completion of the acquisition, the chief executive officer directly owned 1,722,865 shares in the company, valued at $60,644,848. This represents a 4.33% increase in their position. The purchase was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Corporate insiders own 1.18% of the company’s stock.

Hedge Funds Weigh In On CoStar Group

Several hedge funds and other institutional investors have recently added to or reduced their stakes in CSGP. Bamco Inc. NY increased its holdings in shares of CoStar Group by 1.3% in the 4th quarter. Bamco Inc. NY now owns 19,498,099 shares of the technology company’s stock worth $1,311,052,000 after purchasing an additional 242,533 shares in the last quarter. State Street Corp lifted its holdings in shares of CoStar Group by 1.9% during the fourth quarter. State Street Corp now owns 18,632,352 shares of the technology company’s stock valued at $1,252,839,000 after purchasing an additional 348,224 shares in the last quarter. Principal Financial Group Inc. lifted its holdings in shares of CoStar Group by 0.7% during the first quarter. Principal Financial Group Inc. now owns 17,696,192 shares of the technology company’s stock valued at $713,866,000 after purchasing an additional 130,118 shares in the last quarter. Baillie Gifford & Co. boosted its position in shares of CoStar Group by 56.9% during the fourth quarter. Baillie Gifford & Co. now owns 12,933,185 shares of the technology company’s stock valued at $869,627,000 after buying an additional 4,691,543 shares during the last quarter. Finally, Capital International Investors increased its holdings in CoStar Group by 59.7% in the 4th quarter. Capital International Investors now owns 10,842,010 shares of the technology company’s stock worth $729,020,000 after buying an additional 4,053,456 shares in the last quarter. 96.60% of the stock is owned by 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.