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

CoStar Group, Inc. (NASDAQ:CSGP)’s stock price hit a new 52-week low during trading on Tuesday . The stock traded as low as $29.08 and last traded at $29.22, with a volume of 7005582 shares trading hands. The stock had previously closed at $30.12.

Wall Street Analysts Forecast Growth

Several analysts recently issued reports on the company. The Goldman Sachs Group cut their target price on CoStar Group from $63.00 to $54.00 and set a “buy” rating on the stock in a research note on Thursday, April 30th. William Blair reaffirmed an “outperform” rating on shares of CoStar Group in a research report on Tuesday, March 3rd. Citizens Jmp cut their price objective on CoStar Group from $73.00 to $44.00 and set a “market outperform” rating on the stock in a research report on Wednesday, April 29th. Keefe, Bruyette & Woods cut their price objective on CoStar Group from $57.00 to $50.00 and set an “outperform” rating on the stock in a research report on Wednesday, April 29th. Finally, Wells Fargo & Company set a $26.00 target price on CoStar Group and gave the company an “underweight” rating in a report on Wednesday. Thirteen 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 data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and an average target price of $54.94.

CoStar Group Trading Down 1.4%

The stock’s fifty day moving average price is $34.00 and its 200 day moving average price is $46.96. The stock has a market cap of $12.19 billion, a P/E ratio of 497.50, a PEG ratio of 0.78 and a beta of 0.72. The company has a current ratio of 2.20, a quick ratio of 2.20 and a debt-to-equity ratio of 0.13.

CoStar Group (NASDAQ:CSGP) last issued its quarterly earnings results on Tuesday, April 28th. The technology company reported $0.23 EPS for the quarter, topping 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 firm had revenue of $897.00 million for the quarter, compared to analysts’ expectations of $896.73 million. During the same period in the previous year, the firm posted ($0.04) EPS. The business’s revenue for the quarter was up 22.5% compared to the same quarter last year. 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 research analysts expect that CoStar Group, Inc. will post 1.03 earnings per share for the current year.

Insiders Place Their Bets

In related news, CEO Andrew C. Florance bought 71,430 shares of the stock in a transaction on Friday, May 1st. The shares were acquired at an average price of $35.20 per share, for a total transaction of $2,514,336.00. Following the purchase, the chief executive officer owned 1,722,865 shares of the company’s stock, valued at approximately $60,644,848. The trade was 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 this link. Company insiders own 1.18% of the company’s stock.

Institutional Trading of CoStar Group

A number of large investors have recently made changes to their positions in CSGP. Reflection Asset Management bought a new position in shares of CoStar Group in the 4th quarter worth approximately $27,000. Lloyd Advisory Services LLC. bought a new stake in CoStar Group during the fourth quarter valued at approximately $29,000. DV Equities LLC purchased a new stake in CoStar Group during the fourth quarter valued at approximately $40,000. IFP Advisors Inc increased its holdings in CoStar Group by 329.4% during the fourth quarter. IFP Advisors Inc now owns 614 shares of the technology company’s stock valued at $41,000 after buying an additional 471 shares during the last quarter. Finally, Caitong International Asset Management Co. Ltd raised its position in CoStar Group by 25,650.0% in the third quarter. Caitong International Asset Management Co. Ltd now owns 515 shares of the technology company’s stock worth $43,000 after acquiring an additional 513 shares during the period. 96.60% of the stock is currently owned by 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.