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

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

Analysts Set New Price Targets

A number of equities research analysts recently issued reports on the company. Needham & Company LLC reduced their price target on CoStar Group from $60.00 to $50.00 and set a “buy” rating on the stock in a research report on Wednesday, April 29th. Royal Bank Of Canada reduced their price target on CoStar Group from $75.00 to $57.00 and set a “sector perform” rating on the stock in a research report on Wednesday, February 25th. Benchmark assumed coverage on CoStar Group in a research report on Thursday, June 4th. They set a “buy” rating and a $45.00 price target on the stock. Keefe, Bruyette & Woods reduced their price target 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, BMO Capital Markets reduced their price target on CoStar Group from $72.00 to $53.00 and set a “market perform” rating on the stock in a research report on Thursday, February 26th. Thirteen investment 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’s stock. Based on data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and a consensus target price of $55.33.

CoStar Group Stock Performance

The stock has a fifty day simple moving average of $35.62 and a two-hundred day simple moving average of $49.58. The stock has a market cap of $13.40 billion, a price-to-earnings ratio of 547.34, a P/E/G ratio of 0.87 and a beta of 0.72. The company has a debt-to-equity ratio of 0.13, a quick ratio of 2.20 and a current ratio of 2.20.

CoStar Group (NASDAQ:CSGP) last issued its earnings results on Tuesday, April 28th. The technology company reported $0.23 earnings per share for the quarter, beating analysts’ consensus estimates of $0.18 by $0.05. The firm had revenue of $897.00 million for the quarter, compared to the consensus estimate of $896.73 million. CoStar Group had a return on equity of 2.90% and a net margin of 0.74%.The company’s revenue was up 22.5% compared to the same quarter last year. During the same quarter last year, the business 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. Analysts expect that CoStar Group, Inc. will post 1.03 EPS for the current fiscal year.

Insider Buying and Selling at CoStar Group

In other CoStar Group news, CEO Andrew C. Florance bought 71,430 shares of CoStar Group stock in a transaction on Friday, May 1st. The shares were purchased at an average price of $35.20 per share, with a total value of $2,514,336.00. Following 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 position. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. Corporate insiders own 1.09% of the company’s stock.

Institutional Investors Weigh In On CoStar Group

A number of large investors have recently modified their holdings of CSGP. Ramiah Investment Group boosted its holdings in shares of CoStar Group by 32.1% during the 1st quarter. Ramiah Investment Group now owns 7,217 shares of the technology company’s stock valued at $291,000 after acquiring an additional 1,755 shares in the last quarter. Glenmede Trust Co. NA boosted its holdings in shares of CoStar Group by 168.8% during the 1st quarter. Glenmede Trust Co. NA now owns 207,031 shares of the technology company’s stock valued at $8,352,000 after acquiring an additional 129,997 shares in the last quarter. Segall Bryant & Hamill LLC acquired a new stake in shares of CoStar Group during the 1st quarter valued at $1,089,000. Liontrust Investment Partners LLP boosted its holdings in shares of CoStar Group by 23.8% during the 1st quarter. Liontrust Investment Partners LLP now owns 35,058 shares of the technology company’s stock valued at $1,414,000 after acquiring an additional 6,734 shares in the last quarter. Finally, Bank of America Corp DE boosted its holdings in shares of CoStar Group by 1.8% during the 1st quarter. Bank of America Corp DE now owns 3,568,107 shares of the technology company’s stock valued at $143,937,000 after acquiring an additional 63,295 shares in the last quarter. 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.