BidaskClub upgraded shares of CoreLogic, Inc. (NYSE:CLGX) from a hold rating to a buy rating in a research note released on Tuesday, October 17th.
A number of other research firms have also issued reports on CLGX. Keefe, Bruyette & Woods reiterated a hold rating and issued a $46.00 target price on shares of CoreLogic in a research note on Thursday, July 27th. Zacks Investment Research lowered shares of CoreLogic from a buy rating to a hold rating in a research note on Friday, July 28th. Finally, Oppenheimer Holdings, Inc. increased their price target on shares of CoreLogic from $45.00 to $50.00 and gave the company an outperform rating in a report on Thursday, July 27th. One investment analyst has rated the stock with a sell rating, five have assigned a hold rating and three have issued a buy rating to the company. CoreLogic presently has a consensus rating of Hold and an average price target of $46.25.
CoreLogic (NYSE CLGX) traded down 1.32% during trading on Tuesday, reaching $47.25. The company had a trading volume of 31,998 shares. CoreLogic has a 1-year low of $34.59 and a 1-year high of $49.30. The firm has a 50-day moving average of $47.38 and a 200-day moving average of $44.51. The stock has a market capitalization of $3.98 billion, a price-to-earnings ratio of 43.39 and a beta of 0.93.
CoreLogic (NYSE:CLGX) last posted its earnings results on Wednesday, October 25th. The business services provider reported $0.72 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.71 by $0.01. CoreLogic had a net margin of 4.86% and a return on equity of 17.03%. The business had revenue of $483.10 million for the quarter, compared to analyst estimates of $490.09 million. During the same period last year, the business posted $0.73 EPS. CoreLogic’s revenue was down 7.8% compared to the same quarter last year. On average, analysts anticipate that CoreLogic will post $2.33 EPS for the current fiscal year.
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In related news, CEO Frank Martell sold 35,392 shares of CoreLogic stock in a transaction dated Thursday, September 7th. The shares were sold at an average price of $47.11, for a total transaction of $1,667,317.12. Following the completion of the transaction, the chief executive officer now directly owns 251,344 shares of the company’s stock, valued at approximately $11,840,815.84. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, insider Barry M. Sando sold 23,200 shares of CoreLogic stock in a transaction dated Thursday, August 31st. The shares were sold at an average price of $47.01, for a total transaction of $1,090,632.00. Following the transaction, the insider now directly owns 156,661 shares of the company’s stock, valued at $7,364,633.61. The disclosure for this sale can be found here. Insiders have sold a total of 65,842 shares of company stock valued at $3,086,969 over the last ninety days. 1.20% of the stock is owned by insiders.
Institutional investors and hedge funds have recently bought and sold shares of the business. Zurcher Kantonalbank Zurich Cantonalbank increased its position in CoreLogic by 9.2% in the 2nd quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 3,351 shares of the business services provider’s stock valued at $145,000 after acquiring an additional 283 shares in the last quarter. Covington Capital Management acquired a new stake in CoreLogic in the 2nd quarter valued at about $202,000. Greenwood Capital Associates LLC acquired a new stake in CoreLogic in the 2nd quarter valued at about $210,000. ETF Managers Group LLC acquired a new stake in CoreLogic in the 2nd quarter valued at about $211,000. Finally, Calamos Advisors LLC acquired a new stake in CoreLogic in the 3rd quarter valued at about $218,000. Hedge funds and other institutional investors own 88.32% of the company’s stock.
CoreLogic Company Profile
CoreLogic, Inc is a provider of property information, analytics and data-enabled services. The Company provides detailed coverage of property, mortgages and other encumbrances, property risk and replacement cost, consumer credit, tenancy, location, hazard risk and related performance information. Its segments include Property Intelligence (PI), Risk Management and Work Flow (RMW), and Corporate.
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