CoStar Group (NASDAQ:CSGP) Hits New 52-Week Low – Time to Sell?

CoStar Group, Inc. (NASDAQ:CSGP) hit a new 52-week low on Tuesday . The company traded as low as $28.46 and last traded at $28.8150, with a volume of 385531 shares traded. The stock had previously closed at $29.32.

Wall Street Analysts Forecast Growth

CSGP has been the topic of several research analyst reports. William Blair reaffirmed an “outperform” rating on shares of CoStar Group in a research note on Tuesday, March 3rd. Benchmark initiated coverage on CoStar Group in a research note on Thursday, June 4th. They issued a “buy” rating and a $45.00 target price for the company. BTIG Research restated a “buy” rating and issued a $55.00 price target on shares of CoStar Group in a report on Wednesday, April 29th. Citizens Jmp dropped their price target 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. Finally, Citigroup cut their price objective on CoStar Group from $100.00 to $70.00 and set a “buy” rating on the stock in a report on Thursday, April 23rd. Thirteen analysts have rated the stock with a Buy rating, five have assigned a Hold rating and two have issued a Sell rating to the company’s stock. Based on data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and an average price target of $54.50.

CoStar Group Trading Down 2.7%

The business’s 50 day simple moving average is $33.43 and its 200 day simple moving average is $46.15. The stock has a market cap of $11.65 billion, a price-to-earnings ratio of 476.08, a PEG ratio of 0.78 and a beta of 0.72. The company has a quick ratio of 2.20, a current ratio of 2.20 and a debt-to-equity ratio of 0.13.

CoStar Group (NASDAQ:CSGP) last released its quarterly earnings data on Tuesday, April 28th. The technology company reported $0.23 earnings per share for the quarter, topping the consensus estimate of $0.18 by $0.05. CoStar Group had a net margin of 0.74% and a return on equity of 2.90%. The company had revenue of $897.00 million for the quarter, compared to analyst estimates of $896.73 million. During the same period in the previous year, the business earned ($0.04) EPS. CoStar Group’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. On average, research analysts expect that CoStar Group, Inc. will post 1.03 EPS for the current fiscal year.

Insider Activity

In other CoStar Group news, CEO Andrew C. Florance bought 71,430 shares of CoStar Group stock in a transaction dated Friday, May 1st. The stock was bought at an average cost 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 $60,644,848. The trade was a 4.33% increase in their position. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. 1.18% of the stock is currently owned by insiders.

Institutional Investors Weigh In On CoStar Group

A number of hedge funds and other institutional investors have recently made changes to their positions in CSGP. Douglas Lane & Associates LLC raised its stake in CoStar Group by 4.3% in the fourth quarter. Douglas Lane & Associates LLC now owns 683,061 shares of the technology company’s stock valued at $45,929,000 after purchasing an additional 28,279 shares in the last quarter. Barclays PLC grew its stake in CoStar Group by 83.4% during the fourth quarter. Barclays PLC now owns 2,321,700 shares of the technology company’s stock worth $156,111,000 after buying an additional 1,055,584 shares in the last quarter. American Century Companies Inc. grew its stake in CoStar Group by 682.3% during the third quarter. American Century Companies Inc. now owns 551,523 shares of the technology company’s stock worth $46,532,000 after buying an additional 481,024 shares in the last quarter. Envestnet Portfolio Solutions Inc. increased its holdings in CoStar Group by 100.3% in the 4th quarter. Envestnet Portfolio Solutions Inc. now owns 245,184 shares of the technology company’s stock valued at $16,486,000 after buying an additional 122,776 shares during the period. Finally, Mirae Asset Global Investments Co. Ltd. increased its holdings in CoStar Group by 22.6% in the 4th quarter. Mirae Asset Global Investments Co. Ltd. now owns 210,095 shares of the technology company’s stock valued at $14,127,000 after buying an additional 38,715 shares during the period. 96.60% of the stock is currently owned by institutional investors and hedge funds.

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.