CoreLogic, Inc. (CLGX) Lowered to “Sell” at BidaskClub
BidaskClub cut shares of CoreLogic, Inc. (NYSE:CLGX) from a hold rating to a sell rating in a research report sent to investors on Thursday morning.
Other research analysts have also recently issued reports about the company. Piper Jaffray Companies reiterated a hold rating and issued a $50.00 price target on shares of CoreLogic in a research note on Friday, October 27th. William Blair cut CoreLogic from an outperform rating to a market perform rating in a research note on Wednesday. Zacks Investment Research upgraded CoreLogic from a hold rating to a buy rating and set a $51.00 price target for the company in a research note on Thursday, July 27th. Oppenheimer Holdings, Inc. increased their price target on CoreLogic from $45.00 to $50.00 and gave the company an outperform rating in a research note on Thursday, July 27th. Finally, Keefe, Bruyette & Woods reiterated a hold rating and issued a $46.00 price target on shares of CoreLogic in a research note on Thursday, July 27th. Three equities research analysts have rated the stock with a sell rating, four have issued a hold rating and three have assigned a buy rating to the stock. CoreLogic currently has a consensus rating of Hold and a consensus price target of $46.50.
CoreLogic (NYSE:CLGX) traded down $0.56 during midday trading on Thursday, reaching $44.87. The company’s stock had a trading volume of 514,381 shares, compared to its average volume of 497,530. The company has a quick ratio of 1.33, a current ratio of 1.33 and a debt-to-equity ratio of 1.69. CoreLogic has a 12-month low of $34.59 and a 12-month high of $49.30. The company has a market capitalization of $3,796.61, a PE ratio of 22.82, a PEG ratio of 2.05 and a beta of 0.87.
CoreLogic (NYSE:CLGX) last released its earnings results on Wednesday, October 25th. The business services provider reported $0.72 earnings per share for the quarter, topping the consensus estimate of $0.71 by $0.01. CoreLogic had a return on equity of 17.10% and a net margin of 4.86%. The firm had revenue of $483.10 million during the quarter, compared to analysts’ expectations of $490.09 million. During the same period in the prior year, the company earned $0.73 earnings per share. The company’s quarterly revenue was down 7.8% on a year-over-year basis. equities research analysts expect that CoreLogic will post 2.04 earnings per share for the current year.
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In related news, insider Barry M. Sando sold 23,200 shares of the firm’s stock in a transaction on Thursday, August 31st. The stock was sold at an average price of $47.01, for a total transaction of $1,090,632.00. Following the completion of the transaction, the insider now directly owns 156,661 shares of the company’s stock, valued at approximately $7,364,633.61. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, General Counsel Stergios Theologides sold 5,000 shares of the firm’s stock in a transaction on Wednesday, August 16th. The stock was sold at an average price of $45.42, for a total value of $227,100.00. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 64,492 shares of company stock valued at $3,027,079. 1.20% of the stock is owned by corporate insiders.
A number of institutional investors have recently modified their holdings of the business. Schroder Investment Management Group grew its holdings in CoreLogic by 0.9% during the 3rd quarter. Schroder Investment Management Group now owns 2,107,338 shares of the business services provider’s stock worth $97,254,000 after acquiring an additional 18,675 shares during the period. Legal & General Group Plc grew its holdings in CoreLogic by 13.9% during the 3rd quarter. Legal & General Group Plc now owns 83,041 shares of the business services provider’s stock worth $3,838,000 after acquiring an additional 10,122 shares during the period. Hosking Partners LLP grew its holdings in CoreLogic by 0.5% during the 3rd quarter. Hosking Partners LLP now owns 462,193 shares of the business services provider’s stock worth $21,363,000 after acquiring an additional 2,091 shares during the period. TD Asset Management Inc. grew its holdings in CoreLogic by 0.6% during the 3rd quarter. TD Asset Management Inc. now owns 210,400 shares of the business services provider’s stock worth $9,725,000 after acquiring an additional 1,209 shares during the period. Finally, Yorktown Management & Research Co Inc acquired a new stake in CoreLogic during the 3rd quarter worth about $324,000. Hedge funds and other institutional investors own 90.75% 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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