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

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

Wall Street Analyst Weigh In

Several equities analysts have issued reports on CSGP shares. Weiss Ratings reiterated a “sell (d)” rating on shares of CoStar Group in a research report on Friday, March 27th. Zacks Research raised CoStar Group from a “strong sell” rating to a “hold” rating in a report on Monday, March 9th. Citizens Jmp reduced their target price on CoStar Group from $73.00 to $44.00 and set a “market outperform” rating for the company in a report on Wednesday, April 29th. 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, William Blair reiterated an “outperform” rating on shares of CoStar Group in a report on Tuesday, March 3rd. Thirteen analysts have rated the stock with a Buy rating, five have assigned a Hold rating and two have given a Sell rating to the company. According to MarketBeat, CoStar Group currently has a consensus rating of “Moderate Buy” and an average price target of $55.33.

CoStar Group Trading Up 0.6%

The business has a 50 day moving average of $35.33 and a 200-day moving average of $49.22. The stock has a market cap of $13.41 billion, a PE ratio of 547.42, a price-to-earnings-growth ratio of 0.84 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 announced its earnings results on Tuesday, April 28th. The technology company reported $0.23 earnings per share for the quarter, beating the consensus estimate of $0.18 by $0.05. The firm had revenue of $897.00 million during the quarter, compared to the consensus estimate of $896.73 million. CoStar Group had a net margin of 0.74% and a return on equity of 2.90%. The firm’s revenue for the quarter was up 22.5% on a year-over-year basis. During the same quarter in the previous year, the company posted ($0.04) EPS. 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. On average, analysts anticipate that CoStar Group, Inc. will post 1.03 EPS for the current year.

Insider Activity at CoStar Group

In related news, CEO Andrew C. Florance bought 71,430 shares of the stock in a transaction that occurred on Friday, May 1st. The stock was purchased at an average cost of $35.20 per share, for a total transaction of $2,514,336.00. Following the completion of the acquisition, the chief executive officer owned 1,722,865 shares in the company, valued at $60,644,848. This trade represents a 4.33% increase in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. 1.09% of the stock is currently owned by corporate insiders.

Hedge Funds Weigh In On CoStar Group

A number of large investors have recently modified their holdings of the company. Integrated Wealth Concepts LLC raised its holdings in CoStar Group by 9.8% in the first quarter. Integrated Wealth Concepts LLC now owns 4,789 shares of the technology company’s stock valued at $379,000 after buying an additional 426 shares during the period. NewEdge Advisors LLC raised its stake in shares of CoStar Group by 727.5% in the 1st quarter. NewEdge Advisors LLC now owns 1,473 shares of the technology company’s stock valued at $117,000 after acquiring an additional 1,295 shares during the period. Jones Financial Companies Lllp lifted its holdings in shares of CoStar Group by 860.7% during the 1st quarter. Jones Financial Companies Lllp now owns 12,691 shares of the technology company’s stock valued at $1,006,000 after acquiring an additional 11,370 shares in the last quarter. Empowered Funds LLC boosted its position in CoStar Group by 9.2% during the 1st quarter. Empowered Funds LLC now owns 7,941 shares of the technology company’s stock worth $629,000 after purchasing an additional 666 shares during the period. Finally, Woodline Partners LP increased its holdings in CoStar Group by 44.6% in the 1st quarter. Woodline Partners LP now owns 35,604 shares of the technology company’s stock valued at $2,821,000 after purchasing an additional 10,984 shares in the last quarter. 96.60% of the stock is currently 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.