CoStar Group (NASDAQ:CSGP) Trading Down 5% – Here’s Why

Shares of CoStar Group, Inc. (NASDAQ:CSGP) were down 5% during trading on Tuesday . The company traded as low as $45.50 and last traded at $46.0050. Approximately 1,450,244 shares were traded during mid-day trading, a decline of 80% from the average daily volume of 7,137,743 shares. The stock had previously closed at $48.42.

Analyst Ratings Changes

CSGP has been the topic of a number of research reports. Needham & Company LLC lowered their price objective on CoStar Group from $80.00 to $60.00 and set a “buy” rating on the stock in a research report on Wednesday, February 25th. Bank of America set a $74.00 price target on shares of CoStar Group in a research note on Wednesday, January 7th. Zacks Research lowered shares of CoStar Group from a “hold” rating to a “strong sell” rating in a report on Friday, January 9th. Robert W. Baird set a $73.00 price objective on shares of CoStar Group in a report on Wednesday, February 25th. Finally, William Blair reiterated an “outperform” rating on shares of CoStar Group in a research report on Tuesday, March 3rd. One analyst has rated the stock with a Strong Buy rating, eleven have assigned a Buy rating, four have issued a Hold rating and three have assigned a Sell rating to the company’s stock. According to MarketBeat, the stock has a consensus rating of “Moderate Buy” and an average price target of $73.35.

CoStar Group Trading Down 4.3%

The company has a 50 day moving average of $56.10 and a 200 day moving average of $68.95. The firm has a market cap of $19.46 billion, a price-to-earnings ratio of 4,646.45, a price-to-earnings-growth ratio of 1.30 and a beta of 0.90. The company has a current ratio of 2.84, a quick ratio of 2.84 and a debt-to-equity ratio of 0.12.

CoStar Group (NASDAQ:CSGP) last released its quarterly earnings data on Tuesday, February 24th. The technology company reported $0.31 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.27 by $0.04. CoStar Group had a return on equity of 2.53% and a net margin of 0.23%.The firm had revenue of $900.00 million during the quarter, compared to analyst estimates of $892.22 million. During the same period in the prior year, the company posted $0.26 earnings per share. The business’s revenue for the quarter was up 26.9% compared to the same quarter last year. CoStar Group has set its Q1 2026 guidance at 0.160-0.190 EPS. As a group, research analysts anticipate that CoStar Group, Inc. will post 0.94 EPS for the current year.

CoStar Group announced that its Board of Directors has initiated a share repurchase program on Wednesday, January 7th that permits the company to buyback $1.50 billion in shares. This buyback authorization permits the technology company to buy up to 5.3% of its stock through open market purchases. Stock buyback programs are generally a sign that the company’s leadership believes its stock is undervalued.

Insider Buying and Selling

In other news, Director Louise S. Sams purchased 1,000 shares of CoStar Group stock in a transaction on Friday, March 6th. The shares were purchased at an average cost of $48.36 per share, for a total transaction of $48,360.00. Following the completion of the transaction, the director directly owned 20,409 shares in the company, valued at approximately $986,979.24. This represents a 5.15% increase in their ownership of the stock. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. 1.09% of the stock is currently owned by company insiders.

Institutional Inflows and Outflows

A number of institutional investors have recently modified their holdings of the company. Vanguard Group Inc. grew its position in CoStar Group by 1.8% during the 3rd quarter. Vanguard Group Inc. now owns 70,056,441 shares of the technology company’s stock worth $5,910,662,000 after acquiring an additional 1,208,958 shares during the last quarter. Bamco Inc. NY raised its position in CoStar Group by 3.4% in the 2nd quarter. Bamco Inc. NY now owns 19,679,935 shares of the technology company’s stock valued at $1,582,267,000 after purchasing an additional 647,413 shares during the last quarter. State Street Corp boosted its stake in CoStar Group by 1.9% in the fourth quarter. State Street Corp now owns 18,632,352 shares of the technology company’s stock worth $1,252,839,000 after purchasing an additional 348,224 shares in the last quarter. Baillie Gifford & Co. boosted its stake in CoStar Group by 56.9% in the fourth quarter. Baillie Gifford & Co. now owns 12,933,185 shares of the technology company’s stock worth $869,627,000 after purchasing an additional 4,691,543 shares in the last quarter. Finally, Geode Capital Management LLC grew its holdings in shares of CoStar Group by 2.4% during the second quarter. Geode Capital Management LLC now owns 12,357,840 shares of the technology company’s stock worth $989,905,000 after purchasing an additional 290,404 shares during the last quarter. Institutional investors own 96.60% of the company’s stock.

CoStar Group Company Profile

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.