CoStar Group, Inc. (NASDAQ:CSGP – Get Free Report)’s stock price hit a new 52-week low during trading on Wednesday . The company traded as low as $31.30 and last traded at $32.08, with a volume of 198250 shares changing hands. The stock had previously closed at $31.97.
Analyst Upgrades and Downgrades
A number of equities analysts have recently issued reports on CSGP shares. Citigroup cut their target price on CoStar Group from $100.00 to $70.00 and set a “buy” rating for the company in a research note on Thursday, April 23rd. JPMorgan Chase & Co. dropped their price objective on CoStar Group from $82.00 to $70.00 and set an “overweight” rating on the stock in a report on Wednesday, April 29th. Wells Fargo & Company reduced their target price on CoStar Group from $40.00 to $33.00 and set an “underweight” rating for the company in a report on Thursday, April 30th. BTIG Research restated a “buy” rating and set a $55.00 target price on shares of CoStar Group in a research report on Wednesday, April 29th. Finally, Stephens cut their price target on shares of CoStar Group from $50.00 to $42.00 and set an “overweight” rating for the company in a report on Monday, May 4th. Thirteen equities research analysts have rated the stock with a Buy rating, five have issued a Hold rating and two have issued a Sell rating to the stock. According to MarketBeat, the company has a consensus rating of “Moderate Buy” and an average price target of $55.33.
Read Our Latest Stock Report on CoStar Group
CoStar Group Stock Performance
CoStar Group (NASDAQ:CSGP – Get Free Report) last announced its quarterly earnings results on Tuesday, April 28th. The technology company reported $0.23 earnings per share for the quarter, beating analysts’ consensus estimates of $0.18 by $0.05. CoStar Group had a return on equity of 2.90% and a net margin of 0.74%.The business had revenue of $897.00 million during the quarter, compared to analysts’ expectations of $896.73 million. During the same quarter last year, the business posted ($0.04) earnings per share. The business’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. Equities analysts anticipate that CoStar Group, Inc. will post 1.03 EPS for the current fiscal year.
Insiders Place Their Bets
In other CoStar Group news, CEO Andrew C. Florance bought 71,430 shares of the business’s stock in a transaction on Friday, May 1st. The stock was bought at an average price of $35.20 per share, for a total transaction of $2,514,336.00. Following the completion of the transaction, the chief executive officer owned 1,722,865 shares in the company, valued at approximately $60,644,848. The trade was a 4.33% increase in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. Company insiders own 1.18% of the company’s stock.
Institutional Inflows and Outflows
A number of hedge funds have recently modified their holdings of CSGP. Norges Bank acquired a new stake in CoStar Group during the 4th quarter valued at $476,765,000. Baillie Gifford & Co. raised its holdings 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 worth $869,627,000 after acquiring an additional 4,691,543 shares during the last quarter. Capital International Investors lifted 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 in the last quarter. Viking Global Investors LP purchased a new stake in shares of CoStar Group in the second quarter valued at $258,773,000. Finally, Goldman Sachs Group Inc. boosted its stake in shares of 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 valued at $252,238,000 after acquiring an additional 1,556,100 shares during 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.
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