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

CoStar Group, Inc. (NASDAQ:CSGP)’s stock price hit a new 52-week low during mid-day trading on Tuesday after BTIG Research lowered their price target on the stock from $60.00 to $55.00. BTIG Research currently has a buy rating on the stock. CoStar Group traded as low as $34.75 and last traded at $37.06, with a volume of 11553573 shares changing hands. The stock had previously closed at $36.48.

Several other brokerages also recently weighed in on CSGP. Keefe, Bruyette & Woods reduced 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 reduced their target price on CoStar Group from $78.00 to $73.00 and set a “market outperform” rating for the company in a research note on Wednesday, February 25th. Weiss Ratings reaffirmed a “sell (d)” rating on shares of CoStar Group in a research note on Friday, March 27th. BMO Capital Markets reduced their target price on CoStar Group from $72.00 to $53.00 and set a “market perform” rating for the company in a research note on Thursday, February 26th. Finally, Zacks Research raised CoStar Group from a “strong sell” rating to a “hold” rating in a research note on Monday, March 9th. Twelve research analysts have rated the stock with a Buy rating, five have assigned a Hold rating and two have assigned a Sell rating to the stock. Based on data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and an average price target of $68.24.

Insider Activity at CoStar Group

In other news, Director Louise S. Sams purchased 1,000 shares of the company’s stock in a transaction that occurred on Friday, March 6th. The stock was 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 owned 20,409 shares of the company’s stock, valued at $986,979.24. This trade represents a 5.15% increase in their ownership of the stock. The purchase was disclosed in a filing with the SEC, which is available through the SEC website. Insiders own 1.09% of the company’s stock.

Institutional Trading of CoStar Group

Several large investors have recently made changes to their positions in the company. Enhancing Capital LLC increased its position in shares of CoStar Group by 2.2% during the third quarter. Enhancing Capital LLC now owns 7,030 shares of the technology company’s stock worth $593,000 after purchasing an additional 150 shares in the last quarter. Rossby Financial LCC increased its position in shares of CoStar Group by 47.5% during the third quarter. Rossby Financial LCC now owns 503 shares of the technology company’s stock worth $42,000 after purchasing an additional 162 shares in the last quarter. Golden State Wealth Management LLC increased its position in shares of CoStar Group by 4.8% during the third quarter. Golden State Wealth Management LLC now owns 3,626 shares of the technology company’s stock worth $306,000 after purchasing an additional 166 shares in the last quarter. Zions Bancorporation National Association UT increased its position in shares of CoStar Group by 41.8% during the third quarter. Zions Bancorporation National Association UT now owns 563 shares of the technology company’s stock worth $48,000 after purchasing an additional 166 shares in the last quarter. Finally, United Capital Financial Advisors LLC increased its position in shares of CoStar Group by 2.3% during the third quarter. United Capital Financial Advisors LLC now owns 7,545 shares of the technology company’s stock worth $637,000 after purchasing an additional 167 shares in the last quarter. 96.60% of the stock is currently owned by hedge funds and other institutional investors.

CoStar Group Price Performance

The company has a quick ratio of 2.84, a current ratio of 2.84 and a debt-to-equity ratio of 0.12. The stock has a market capitalization of $16.50 billion, a PE ratio of 3,934.93, a PEG ratio of 1.01 and a beta of 0.92. The company has a 50-day moving average of $44.13 and a 200 day moving average of $60.26.

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

CoStar Group announced that its Board of Directors has initiated a stock buyback plan on Wednesday, January 7th that authorizes the company to repurchase $1.50 billion in shares. This repurchase authorization authorizes the technology company to repurchase up to 5.3% of its stock through open market purchases. Stock repurchase plans are often an indication that the company’s leadership believes its shares are undervalued.

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.