CoStar Group (NASDAQ:CSGP) Stock Price Down 4.6% – Here’s Why

CoStar Group, Inc. (NASDAQ:CSGP)’s share price fell 4.6% during trading on Thursday . The company traded as low as $32.54 and last traded at $32.6670. 1,865,866 shares changed hands during trading, a decline of 74% from the average session volume of 7,145,136 shares. The stock had previously closed at $34.23.

Analyst Upgrades and Downgrades

A number of brokerages recently commented on CSGP. The Goldman Sachs Group decreased their price objective on CoStar Group from $63.00 to $54.00 and set a “buy” rating for the company in a research note on Thursday, April 30th. Robert W. Baird decreased their price objective on CoStar Group from $73.00 to $56.00 and set an “outperform” rating for the company in a research note on Monday, April 13th. Keefe, Bruyette & Woods decreased their price objective on CoStar Group from $57.00 to $50.00 and set an “outperform” rating for the company in a research note on Wednesday, April 29th. Zacks Research raised CoStar Group from a “strong sell” rating to a “hold” rating in a research note on Monday, March 9th. Finally, Benchmark began coverage on CoStar Group in a research note on Thursday, June 4th. They issued a “buy” rating and a $45.00 target price for the company. Thirteen research analysts have rated the stock with a Buy rating, five have issued a Hold rating and two have assigned a Sell rating to the company. Based on data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and an average price target of $55.33.

CoStar Group Stock Down 4.1%

The company has a debt-to-equity ratio of 0.13, a current ratio of 2.20 and a quick ratio of 2.20. The company has a market capitalization of $13.40 billion, a price-to-earnings ratio of 547.34, a PEG ratio of 0.87 and a beta of 0.72. The firm has a 50-day moving average price of $35.62 and a two-hundred day moving average price of $49.58.

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

Insider Transactions at CoStar Group

In other CoStar Group news, CEO Andrew C. Florance acquired 71,430 shares of the company’s stock in a transaction on Friday, May 1st. The shares were purchased at an average price of $35.20 per share, for a total transaction of $2,514,336.00. Following the completion of the purchase, the chief executive officer directly owned 1,722,865 shares of the company’s stock, valued at approximately $60,644,848. This represents a 4.33% increase in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. 1.09% of the stock is owned by corporate insiders.

Institutional Trading of CoStar Group

Several institutional investors and hedge funds have recently bought and sold shares of CSGP. Norges Bank bought a new position in shares of CoStar Group during the fourth quarter worth approximately $476,765,000. Baillie Gifford & Co. increased its stake in shares of CoStar Group by 56.9% during 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 during the period. Capital International Investors increased its stake in shares of CoStar Group by 59.7% during the fourth quarter. Capital International Investors now owns 10,842,010 shares of the technology company’s stock worth $729,020,000 after purchasing an additional 4,053,456 shares during the period. Viking Global Investors LP bought a new position in shares of CoStar Group during the second quarter worth approximately $258,773,000. Finally, Goldman Sachs Group Inc. increased 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 worth $252,238,000 after purchasing an additional 1,556,100 shares during the period. 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.