CoStar Group (NASDAQ:CSGP) Hits New 1-Year Low – What’s Next?

CoStar Group, Inc. (NASDAQ:CSGP) hit a new 52-week low during mid-day trading on Wednesday . The company traded as low as $38.47 and last traded at $38.82, with a volume of 6041113 shares. The stock had previously closed at $39.48.

Analyst Upgrades and Downgrades

A number of research firms have weighed in on CSGP. Citizens Jmp cut their price objective on shares of CoStar Group from $78.00 to $73.00 and set a “market outperform” rating for the company in a report on Wednesday, February 25th. Robert W. Baird set a $73.00 price objective on shares of CoStar Group in a research report on Wednesday, February 25th. Bank of America set a $74.00 price objective on shares of CoStar Group in a research report on Wednesday, January 7th. Jefferies Financial Group upgraded shares of CoStar Group from a “hold” rating to a “buy” rating and set a $67.00 price objective for the company in a research report on Friday, February 20th. Finally, William Blair reissued an “outperform” rating on shares of CoStar Group in a report on Tuesday, March 3rd. One equities research analyst has rated the stock with a Strong Buy rating, eleven have assigned a Buy rating, five have assigned a Hold rating and two have assigned a Sell rating to the company. According to MarketBeat, the stock currently has an average rating of “Moderate Buy” and a consensus price target of $72.76.

CoStar Group Price Performance

The company has a debt-to-equity ratio of 0.12, a current ratio of 2.84 and a quick ratio of 2.84. The stock has a 50 day moving average price of $45.65 and a 200-day moving average price of $61.73. The stock has a market capitalization of $15.31 billion, a price-to-earnings ratio of 3,651.65, a price-to-earnings-growth ratio of 1.04 and a beta of 0.92.

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

Insider Activity at CoStar Group

In related news, Director Louise S. Sams purchased 1,000 shares of CoStar Group stock in a transaction dated Friday, March 6th. The shares were acquired at an average price of $48.36 per share, for a total transaction of $48,360.00. Following the acquisition, the director directly owned 20,409 shares in the company, valued at approximately $986,979.24. The trade was a 5.15% increase in their ownership of the stock. The purchase was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. 1.09% of the stock is currently owned by corporate insiders.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently modified their holdings of CSGP. Quent Capital LLC acquired a new position in shares of CoStar Group during the 3rd quarter valued at about $26,000. Reflection Asset Management acquired a new position in shares of CoStar Group during the 4th quarter valued at about $27,000. Manning & Napier Advisors LLC acquired a new position in shares of CoStar Group during the 3rd quarter valued at about $28,000. Lloyd Advisory Services LLC. acquired a new position in shares of CoStar Group during the 4th quarter valued at about $29,000. Finally, Westside Investment Management Inc. raised its position in CoStar Group by 100.0% in the third quarter. Westside Investment Management Inc. now owns 360 shares of the technology company’s stock valued at $30,000 after purchasing an additional 180 shares during the period. Institutional investors and hedge funds own 96.60% of the company’s stock.

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.