CoStar Group (NASDAQ:CSGP) Reaches New 1-Year Low Following Analyst Downgrade

CoStar Group, Inc. (NASDAQ:CSGPGet Free Report) reached a new 52-week low during mid-day trading on Wednesday after Wells Fargo & Company lowered their price target on the stock from $48.00 to $44.00. Wells Fargo & Company currently has an underweight rating on the stock. CoStar Group traded as low as $43.50 and last traded at $45.7140, with a volume of 2711827 shares trading hands. The stock had previously closed at $49.15.

Several other equities analysts have also issued reports on the stock. Citizens Jmp cut their price target on shares of CoStar Group from $78.00 to $73.00 and set a “market outperform” rating on the stock in a report on Wednesday. Bank of America set a $74.00 price objective on CoStar Group in a research report on Wednesday, January 7th. Deutsche Bank Aktiengesellschaft set a $68.00 target price on CoStar Group in a research report on Thursday, January 8th. Jefferies Financial Group upgraded CoStar Group from a “hold” rating to a “buy” rating and set a $67.00 price target for the company in a research note on Friday. Finally, BNP Paribas Exane assumed coverage on CoStar Group in a research note on Wednesday, January 14th. They set a “neutral” rating and a $64.00 price target on the stock. One research analyst has rated the stock with a Strong Buy rating, fourteen have assigned a Buy rating, four have given a Hold rating and three have given a Sell rating to the company. Based on data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and an average price target of $78.18.

Check Out Our Latest Stock Report on CoStar Group

Trending Headlines about CoStar Group

Here are the key news stories impacting CoStar Group this week:

Institutional Trading of CoStar Group

A number of hedge funds and other institutional investors have recently made changes to their positions in the business. Quent Capital LLC acquired a new stake in CoStar Group during the 3rd quarter worth about $26,000. Rossby Financial LCC lifted its holdings in shares of CoStar Group by 315.9% in the 2nd quarter. Rossby Financial LCC now owns 341 shares of the technology company’s stock valued at $27,000 after buying an additional 259 shares during the period. Manning & Napier Advisors LLC purchased a new stake in shares of CoStar Group in the third quarter worth about $28,000. Lloyd Advisory Services LLC. acquired a new stake in CoStar Group during the fourth quarter worth about $29,000. Finally, Westside Investment Management Inc. raised its position in CoStar Group by 100.0% during the third quarter. Westside Investment Management Inc. now owns 360 shares of the technology company’s stock valued at $30,000 after acquiring an additional 180 shares in the last quarter. Institutional investors and hedge funds own 96.60% of the company’s stock.

CoStar Group Price Performance

The company has a debt-to-equity ratio of 0.12, a current ratio of 3.12 and a quick ratio of 3.12. The stock has a fifty day simple moving average of $59.63 and a 200-day simple moving average of $71.63. The company has a market capitalization of $19.48 billion, a price-to-earnings ratio of 920.82, a P/E/G ratio of 1.26 and a beta of 0.84.

CoStar Group (NASDAQ:CSGPGet Free Report) last issued its quarterly earnings data on Tuesday, February 24th. The technology company reported $0.31 EPS for the quarter, topping analysts’ consensus estimates of $0.27 by $0.04. CoStar Group had a net margin of 0.66% and a return on equity of 2.45%. The business had revenue of $900.00 million for the quarter, compared to analysts’ expectations of $892.22 million. During the same quarter last year, the company earned $0.26 EPS. The business’s revenue was up 26.9% on a year-over-year basis. CoStar Group has set its Q1 2026 guidance at 0.160-0.190 EPS. On average, equities research analysts anticipate that CoStar Group, Inc. will post 0.94 EPS for the current year.

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

About CoStar Group

(Get Free Report)

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.

See Also

Receive News & Ratings for CoStar Group Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for CoStar Group and related companies with MarketBeat.com's FREE daily email newsletter.