CoStar Group (NASDAQ:CSGP) Reaches New 12-Month Low – Should You Sell?

Shares of CoStar Group, Inc. (NASDAQ:CSGP) hit a new 52-week low during mid-day trading on Wednesday . The stock traded as low as $38.69 and last traded at $39.0840, with a volume of 510385 shares trading hands. The stock had previously closed at $40.34.

Wall Street Analyst Weigh In

A number of analysts recently commented on the stock. Royal Bank Of Canada lowered their price objective on shares of CoStar Group from $75.00 to $57.00 and set a “sector perform” rating for the company in a research report on Wednesday, February 25th. Keefe, Bruyette & Woods decreased their target price on CoStar Group from $75.00 to $70.00 and set an “outperform” rating for the company in a research note on Wednesday, February 25th. Citizens Jmp lowered their price target on CoStar Group from $78.00 to $73.00 and set a “market outperform” rating for the company in a report on Wednesday, February 25th. The Goldman Sachs Group dropped their price target on CoStar Group from $73.00 to $63.00 and set a “buy” rating on the stock in a research report on Thursday, March 19th. Finally, Bank of America set a $74.00 price objective on CoStar Group in a report on Wednesday, January 7th. One equities research analyst has rated the stock with a Strong Buy rating, eleven have assigned a Buy rating, five have given a Hold rating and two have assigned a Sell rating to the stock. Based on data from MarketBeat, the company currently has an average rating of “Moderate Buy” and an average price target of $72.76.

CoStar Group Stock Performance

The stock has a fifty day simple moving average of $49.24 and a 200-day simple moving average of $63.76. The stock has a market cap of $16.52 billion, a P/E ratio of 3,923.82, a PEG ratio of 1.09 and a beta of 0.89. The company has a debt-to-equity ratio of 0.12, a quick ratio of 2.84 and a current ratio of 2.84.

CoStar Group (NASDAQ:CSGP) last issued its quarterly earnings results on Tuesday, February 24th. The technology company reported $0.31 EPS for the quarter, beating analysts’ consensus estimates of $0.27 by $0.04. The company had revenue of $899.90 million for the quarter, compared to analyst estimates of $892.22 million. CoStar Group had a return on equity of 2.53% and a net margin of 0.23%.The company’s quarterly revenue was up 26.9% compared to the same quarter last year. During the same period in the previous year, the company posted $0.26 earnings per share. CoStar Group has set its Q1 2026 guidance at 0.160-0.190 EPS. On average, equities analysts expect that CoStar Group, Inc. will post 0.94 earnings per share for the current year.

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

Insiders Place Their Bets

In other news, Director Louise S. Sams purchased 1,000 shares of CoStar Group stock in a transaction on Friday, March 6th. The stock was purchased at an average price of $48.36 per share, with a total value of $48,360.00. Following the transaction, the director directly owned 20,409 shares in the company, valued at $986,979.24. The trade was a 5.15% increase in their position. The acquisition was disclosed in a document filed with the SEC, which can be accessed through this link. 1.09% of the stock is currently owned by company insiders.

Institutional Inflows and Outflows

A number of hedge funds have recently added to or reduced their stakes in the business. Norges Bank acquired a new position in shares of CoStar Group during the 4th quarter worth about $476,765,000. Baillie Gifford & Co. increased its position in shares of CoStar Group by 56.9% in the fourth quarter. Baillie Gifford & Co. now owns 12,933,185 shares of the technology company’s stock valued at $869,627,000 after acquiring an additional 4,691,543 shares during the last quarter. Capital International Investors increased its position in shares of CoStar Group by 59.7% in the fourth quarter. Capital International Investors now owns 10,842,010 shares of the technology company’s stock valued at $729,020,000 after acquiring an additional 4,053,456 shares during the last quarter. Viking Global Investors LP bought a new stake in CoStar Group during the second quarter worth about $258,773,000. Finally, Goldman Sachs Group Inc. raised its holdings in CoStar Group by 70.9% during the fourth quarter. Goldman Sachs Group Inc. now owns 3,751,312 shares of the technology company’s stock worth $252,238,000 after acquiring an additional 1,556,100 shares in 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.