CoStar Group (NASDAQ:CSGP) Reaches New 1-Year Low on Analyst Downgrade

Shares of CoStar Group, Inc. (NASDAQ:CSGP) hit a new 52-week low during mid-day trading on Thursday after The Goldman Sachs Group lowered their price target on the stock from $73.00 to $63.00. The Goldman Sachs Group currently has a buy rating on the stock. CoStar Group traded as low as $42.65 and last traded at $43.11, with a volume of 8457682 shares traded. The stock had previously closed at $44.25.

A number of other equities research analysts have also issued reports on CSGP. BMO Capital Markets cut their price target on shares of CoStar Group from $72.00 to $53.00 and set a “market perform” rating on the stock in a report on Thursday, February 26th. BNP Paribas Exane began coverage on shares of CoStar Group in a report on Wednesday, January 14th. They set a “neutral” rating and a $64.00 target price for the company. Jefferies Financial Group upgraded CoStar Group from a “hold” rating to a “buy” rating and set a $67.00 price objective on the stock in a research report on Friday, February 20th. Deutsche Bank Aktiengesellschaft set a $68.00 target price on CoStar Group in a report on Thursday, January 8th. Finally, Bank of America set a $74.00 price target on shares of CoStar Group in a report on Wednesday, January 7th. One 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 issued a Sell rating to the company’s stock. According to MarketBeat, the company has a consensus rating of “Moderate Buy” and a consensus price target of $72.76.

Insider Buying and Selling at CoStar Group

In related news, Director Louise S. Sams bought 1,000 shares of the company’s stock in a transaction on Friday, March 6th. The shares were acquired at an average cost of $48.36 per share, with a total value of $48,360.00. Following the completion of the acquisition, the director owned 20,409 shares of the company’s stock, valued at $986,979.24. The trade was a 5.15% increase in their position. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. Corporate insiders own 1.09% of the company’s stock.

Institutional Investors Weigh In On CoStar Group

Several institutional investors have recently modified their holdings of CSGP. Hsbc Holdings PLC lifted its holdings in CoStar Group by 34.2% in the fourth quarter. Hsbc Holdings PLC now owns 987,270 shares of the technology company’s stock valued at $66,392,000 after acquiring an additional 251,750 shares during the period. BSN CAPITAL PARTNERS Ltd bought a new stake in CoStar Group during the 4th quarter worth approximately $10,144,000. Reflection Asset Management purchased a new stake in shares of CoStar Group in the fourth quarter worth $27,000. SG Trading Solutions LLC bought a new stake in shares of CoStar Group during the 4th quarter valued at $218,000. Finally, Pacer Advisors Inc. raised its position in shares of CoStar Group by 1.6% during the 4th quarter. Pacer Advisors Inc. now owns 64,330 shares of the technology company’s stock valued at $4,326,000 after purchasing an additional 1,029 shares during the period. 96.60% of the stock is owned by hedge funds and other institutional investors.

CoStar Group Stock Performance

The company has a current ratio of 2.84, a quick ratio of 2.84 and a debt-to-equity ratio of 0.12. The business’s 50 day moving average is $52.34 and its two-hundred day moving average is $66.37. The company has a market cap of $18.02 billion, a PE ratio of 4,295.90, a PEG ratio of 1.15 and a beta of 0.89.

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

CoStar Group declared that its board has authorized a share repurchase plan on Wednesday, January 7th that allows the company to repurchase $1.50 billion in shares. This repurchase authorization allows the technology company to purchase up to 5.3% of its shares through open market purchases. Shares repurchase plans are typically an indication that the company’s board believes its stock is undervalued.

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.