Shares of CoreLogic, Inc. (NYSE:CLGX) have received an average rating of “Hold” from the nine analysts that are currently covering the firm, MarketBeat.com reports. One research analyst has rated the stock with a sell recommendation, five have assigned a hold recommendation and three have issued a buy recommendation on the company. The average 1 year price target among analysts that have issued a report on the stock in the last year is $44.14.
Several analysts have recently issued reports on the stock. Zacks Investment Research lowered shares of CoreLogic from a “buy” rating to a “hold” rating in a research note on Thursday, August 3rd. 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. Oppenheimer Holdings, Inc. upped their target price on shares of CoreLogic from $45.00 to $50.00 and gave the stock an “outperform” rating in a research note on Thursday, July 27th. BidaskClub downgraded shares of CoreLogic from a “buy” rating to a “hold” rating in a report on Tuesday, July 25th. Finally, Robert W. Baird boosted their price target on shares of CoreLogic from $42.00 to $44.00 and gave the stock a “neutral” rating in a report on Tuesday, June 13th.
CoreLogic (NYSE:CLGX) opened at 44.84 on Tuesday. The firm has a market cap of $3.78 billion, a price-to-earnings ratio of 41.18 and a beta of 0.97. The firm has a 50-day moving average of $44.09 and a 200 day moving average of $41.30. CoreLogic has a 52-week low of $34.59 and a 52-week high of $45.99.
CoreLogic (NYSE:CLGX) last posted its earnings results on Tuesday, July 25th. The business services provider reported $0.72 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $0.66 by $0.06. CoreLogic had a net margin of 4.99% and a return on equity of 17.07%. The firm had revenue of $473.98 million during the quarter, compared to analyst estimates of $478.72 million. During the same quarter in the prior year, the business posted $0.65 EPS. The business’s revenue was down 5.2% compared to the same quarter last year. On average, equities research analysts forecast that CoreLogic will post $2.33 earnings per share for the current year.
In other news, General Counsel Stergios Theologides sold 5,000 shares of the stock in a transaction dated Friday, July 14th. The shares were sold at an average price of $44.00, for a total value of $220,000.00. Following the sale, the general counsel now directly owns 63,806 shares of the company’s stock, valued at $2,807,464. The sale was disclosed in a legal filing with the SEC, which is available at this link. Also, Director J David Chatham sold 3,760 shares of the stock in a transaction dated Friday, May 19th. The stock was sold at an average price of $42.00, for a total transaction of $157,920.00. Following the completion of the sale, the director now directly owns 4,770 shares in the company, valued at $200,340. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 10,660 shares of company stock worth $461,684. Insiders own 1.20% of the company’s stock.
A number of hedge funds and other institutional investors have recently modified their holdings of the stock. Russell Investments Group Ltd. acquired a new position in shares of CoreLogic during the fourth quarter worth approximately $125,000. Copper Rock Capital Partners LLC boosted its position in shares of CoreLogic by 1.7% in the first quarter. Copper Rock Capital Partners LLC now owns 629,277 shares of the business services provider’s stock worth $25,448,000 after buying an additional 10,658 shares during the last quarter. CrestPoint Capital Management LLC acquired a new position in shares of CoreLogic during the first quarter worth approximately $208,000. Capstone Asset Management Co. boosted its position in shares of CoreLogic by 1.5% in the first quarter. Capstone Asset Management Co. now owns 11,552 shares of the business services provider’s stock worth $470,000 after buying an additional 170 shares during the last quarter. Finally, Boston Advisors LLC boosted its position in shares of CoreLogic by 8.5% in the first quarter. Boston Advisors LLC now owns 222,740 shares of the business services provider’s stock worth $9,070,000 after buying an additional 17,515 shares during the last quarter. Institutional investors and hedge funds own 90.95% of the company’s stock.
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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