Rep. Jefferson Shreve Sells CoStar Group, Inc. (NASDAQ:CSGP) Stock

Representative Jefferson Shreve (R-Indiana) recently sold shares of CoStar Group, Inc. NASDAQ: CSGP. In a filing disclosed on June 22nd, the Representative disclosed that they had sold between $15,001 and $50,000 in CoStar Group stock on May 12th. The trade occurred in the Representative's "CRT - STANDARD UNIT TRUST" account.

Representative Jefferson Shreve also recently made the following trade(s):

• Sold $15,001 - $50,000 in shares of Hubbell NYSE: HUBB on 5/12/2025.
• Sold $50,001 - $100,000 in shares of Trane Technologies NYSE: TT on 5/12/2025.
• Sold $15,001 - $50,000 in shares of RTX NYSE: RTX on 5/12/2025.
• Sold $50,001 - $100,000 in shares of NiSource NYSE: NI on 5/12/2025.
• Sold $50,001 - $100,000 in shares of Johnson & Johnson NYSE: JNJ on 5/12/2025.
• Sold $15,001 - $50,000 in shares of AppLovin NASDAQ: APP on 5/12/2025.
• Sold $15,001 - $50,000 in shares of Fiserv NYSE: FI on 5/12/2025.
• Sold $15,001 - $50,000 in shares of CNO Financial Group NYSE: CNO on 5/12/2025.
• Sold $50,001 - $100,000 in shares of Cboe Global Markets NASDAQ: CBOE on 5/12/2025.
• Sold $15,001 - $50,000 in shares of Lam Research NASDAQ: LRCX on 5/12/2025.

CoStar Group Trading Up 0.0%

Shares of NASDAQ CSGP traded up $0.01 during mid-day trading on Friday, reaching $92.97. 2,527,522 shares of the company's stock were exchanged, compared to its average volume of 3,215,557. The firm has a market capitalization of $39.22 billion, a price-to-earnings ratio of 371.88, a PEG ratio of 4.58 and a beta of 0.89. The company has a debt-to-equity ratio of 0.12, a quick ratio of 6.01 and a current ratio of 5.83. CoStar Group, Inc. has a 52-week low of $68.26 and a 52-week high of $93.75. The company's 50-day moving average is $80.44 and its 200-day moving average is $78.00.

CoStar Group (NASDAQ:CSGP - Get Free Report) last released its quarterly earnings results on Tuesday, July 22nd. The technology company reported $0.17 earnings per share for the quarter, topping analysts' consensus estimates of $0.14 by $0.03. The business had revenue of $781.30 million during the quarter, compared to analysts' expectations of $772.06 million. CoStar Group had a return on equity of 2.88% and a net margin of 3.57%. The company's revenue was up 15.2% compared to the same quarter last year. During the same period in the prior year, the business posted $0.15 EPS. Analysts expect that CoStar Group, Inc. will post 0.94 EPS for the current fiscal year.

Analyst Upgrades and Downgrades

A number of equities analysts recently commented on the company. Stephens upgraded CoStar Group to a "strong-buy" rating and set a $105.00 target price for the company in a report on Monday, June 16th. JMP Securities restated a "market outperform" rating and set a $85.00 target price on shares of CoStar Group in a report on Wednesday, April 30th. Bank of America assumed coverage on CoStar Group in a report on Friday, May 30th. They set a "neutral" rating and a $79.00 target price for the company. BMO Capital Markets raised their target price on CoStar Group from $82.00 to $89.00 and gave the company a "market perform" rating in a report on Wednesday. Finally, Royal Bank Of Canada raised their target price on CoStar Group from $83.00 to $91.00 and gave the company a "sector perform" rating in a report on Wednesday. Two equities research analysts have rated the stock with a sell rating, three have issued a hold rating, eleven have given a buy rating and one has assigned a strong buy rating to the company's stock. According to MarketBeat, the stock currently has an average rating of "Moderate Buy" and an average price target of $93.25.

Institutional Inflows and Outflows

Several institutional investors have recently added to or reduced their stakes in CSGP. Mizuho Markets Americas LLC acquired a new position in CoStar Group during the first quarter worth approximately $586,403,000. Polen Capital Management LLC acquired a new position in CoStar Group during the fourth quarter worth approximately $465,134,000. Norges Bank acquired a new position in CoStar Group during the fourth quarter worth approximately $390,755,000. Capital International Investors increased its position in CoStar Group by 44.9% during the fourth quarter. Capital International Investors now owns 14,032,363 shares of the technology company's stock worth $1,004,578,000 after buying an additional 4,345,267 shares during the period. Finally, Vanguard Group Inc. increased its position in CoStar Group by 4.1% during the first quarter. Vanguard Group Inc. now owns 68,426,711 shares of the technology company's stock worth $5,421,448,000 after buying an additional 2,709,320 shares during the period. Institutional investors and hedge funds own 96.60% of the company's stock.

About Representative Shreve

Jefferson Shreve (Republican Party) is a member of the U.S. House, representing Indiana's 6th Congressional District. He assumed office on January 3, 2025. His current term ends on January 3, 2027. Shreve (Republican Party) is running for re-election to the U.S. House to represent Indiana's 6th Congressional District. He declared candidacy for the 2026 election. Email editor@ballotpedia.org to notify us of updates to this biography. Jefferson Shreve earned a bachelor's degree from Indiana University in 1989, a graduate degree from the University of London in 1998, and a graduate degree from Purdue University in 2003. Shreve's career experience includes working as a real estate executive. Shreve was elected 7th District Vice Chairman of the Indiana Republican State Committee on January 17, 2018, and was re-elected on March 6, 2021. In 2020, he was selected as a district-level delegate to the 2020 Republican National Convention.

About CoStar Group

CoStar Group, Inc provides information, analytics, and online marketplace services to the commercial real estate, hospitality, residential, and related professionals industries in the United States, Canada, Europe, the Asia Pacific, and Latin America. The company offers CoStar Property that provides inventory of office, industrial, retail, multifamily, hospitality, and student housing properties and land; CoStar Sales, a robust database of comparable commercial real estate sales transactions; CoStar Market Analytics to view and report on aggregated market and submarket trends; and CoStar Tenant, an online business-to-business prospecting and analytical tool that provides tenant information.