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

CoStar Group, Inc. (NASDAQ:CSGP) hit a new 52-week low during mid-day trading on Wednesday . The company traded as low as $31.30 and last traded at $32.08, with a volume of 198250 shares. The stock had previously closed at $31.97.

Analyst Upgrades and Downgrades

Several equities analysts have commented on CSGP shares. Deutsche Bank Aktiengesellschaft set a $44.00 price target on shares of CoStar Group in a research note on Thursday, April 30th. BTIG Research reaffirmed a “buy” rating and issued a $55.00 target price on shares of CoStar Group in a report on Wednesday, April 29th. Robert W. Baird lowered their price target on CoStar Group from $73.00 to $56.00 and set an “outperform” rating on the stock in a report on Monday, April 13th. Royal Bank Of Canada lowered their target price on CoStar Group from $75.00 to $57.00 and set a “sector perform” rating on the stock in a research note on Wednesday, February 25th. Finally, Bank of America cut their price target on CoStar Group from $42.00 to $37.00 and set a “neutral” rating for the company in a research note on Tuesday, May 19th. 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 stock. According to MarketBeat.com, CoStar Group presently has an average rating of “Moderate Buy” and a consensus price target of $55.33.

CoStar Group Stock Up 1.2%

The firm has a market capitalization of $13.21 billion, a PE ratio of 537.02, a price-to-earnings-growth ratio of 0.82 and a beta of 0.72. The firm’s 50-day moving average is $35.01 and its 200 day moving average is $48.58. The company has a debt-to-equity ratio of 0.13, a quick ratio of 2.20 and a current ratio of 2.20.

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

Insider Buying and Selling

In related news, CEO Andrew C. Florance acquired 71,430 shares of the company’s stock in a transaction that occurred on Friday, May 1st. The stock was purchased at an average price of $35.20 per share, for a total transaction of $2,514,336.00. Following the transaction, the chief executive officer owned 1,722,865 shares in the company, valued at $60,644,848. This trade represents a 4.33% increase in their position. The purchase was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Corporate insiders own 1.18% of the company’s stock.

Institutional Trading of CoStar Group

Several hedge funds and other institutional investors have recently bought and sold shares of CSGP. Ramiah Investment Group grew its position in shares of CoStar Group by 32.1% in the first quarter. Ramiah Investment Group now owns 7,217 shares of the technology company’s stock valued at $291,000 after purchasing an additional 1,755 shares during the period. Glenmede Trust Co. NA increased its stake in CoStar Group by 168.8% during the first quarter. Glenmede Trust Co. NA now owns 207,031 shares of the technology company’s stock worth $8,352,000 after acquiring an additional 129,997 shares during the last quarter. Segall Bryant & Hamill LLC acquired a new stake in CoStar Group during the 1st quarter worth approximately $1,089,000. Liontrust Investment Partners LLP lifted its position in CoStar Group by 23.8% during the first quarter. Liontrust Investment Partners LLP now owns 35,058 shares of the technology company’s stock valued at $1,414,000 after buying an additional 6,734 shares in the last quarter. Finally, Bank of America Corp DE lifted its holdings in shares of CoStar Group by 1.8% during the 1st quarter. Bank of America Corp DE now owns 3,568,107 shares of the technology company’s stock valued at $143,937,000 after acquiring an additional 63,295 shares in the last quarter. 96.60% of the stock is owned by hedge funds and other 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.