Shares of CoreLogic Inc. (NYSE:CLGX) have been given a consensus rating of “Hold” by the nine research firms that are currently covering the company. One investment analyst has rated the stock with a sell recommendation, three have given a hold recommendation and five have issued a buy recommendation on the company. The average 1-year price target among brokers that have updated their coverage on the stock in the last year is $43.31.
CLGX has been the topic of a number of recent analyst reports. Keefe, Bruyette & Woods boosted their price target on shares of CoreLogic from $41.00 to $44.50 and gave the stock a “market perform” rating in a research report on Wednesday, July 27th. Oppenheimer Holdings Inc. restated an “outperform” rating and issued a $45.00 price target on shares of CoreLogic in a research report on Friday, July 22nd. Robert W. Baird downgraded shares of CoreLogic from an “outperform” rating to a “neutral” rating and boosted their price target for the stock from $40.00 to $41.00 in a research report on Wednesday, July 27th. Zacks Investment Research upgraded shares of CoreLogic from a “hold” rating to a “strong-buy” rating and set a $47.00 price target on the stock in a research report on Friday, July 22nd. Finally, Piper Jaffray Cos. restated an “overweight” rating and issued a $48.00 price target on shares of CoreLogic in a research report on Friday, August 19th.
CoreLogic (NYSE:CLGX) opened at 38.88 on Thursday. The company’s 50-day moving average is $39.73 and its 200 day moving average is $38.25. CoreLogic has a one year low of $30.73 and a one year high of $43.43. The firm has a market cap of $3.43 billion, a PE ratio of 25.97 and a beta of 1.07.
CoreLogic (NYSE:CLGX) last posted its earnings results on Monday, July 25th. The company reported $0.65 EPS for the quarter, topping the consensus estimate of $0.62 by $0.03. CoreLogic had a net margin of 7.73% and a return on equity of 14.56%. The business had revenue of $500 million for the quarter, compared to the consensus estimate of $485.55 million. During the same period last year, the company earned $0.55 EPS. The firm’s revenue was up 29.5% compared to the same quarter last year. Equities analysts anticipate that CoreLogic will post $2.28 earnings per share for the current year.
In other CoreLogic news, Director Mary Lee Widener sold 3,000 shares of the business’s stock in a transaction on Monday, August 1st. The shares were sold at an average price of $40.14, for a total transaction of $120,420.00. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, insider Anand K. Nallathambi sold 20,000 shares of the business’s stock in a transaction on Friday, September 30th. The shares were sold at an average price of $39.06, for a total transaction of $781,200.00. Following the sale, the insider now owns 206,047 shares of the company’s stock, valued at approximately $8,048,195.82. The disclosure for this sale can be found here. Company insiders own 2.50% of the company’s stock.
A number of hedge funds have recently made changes to their positions in CLGX. Acrospire Investment Management LLC purchased a new position in CoreLogic during the first quarter worth about $115,000. Huntington National Bank increased its position in CoreLogic by 59.3% in the second quarter. Huntington National Bank now owns 4,526 shares of the company’s stock worth $174,000 after buying an additional 1,685 shares in the last quarter. LS Investment Advisors LLC increased its position in CoreLogic by 74.0% in the second quarter. LS Investment Advisors LLC now owns 5,356 shares of the company’s stock worth $206,000 after buying an additional 2,278 shares in the last quarter. CrestPoint Capital Management LLC purchased a new position in CoreLogic during the second quarter worth about $208,000. Finally, Tower Research Capital LLC TRC increased its position in CoreLogic by 174.9% in the second quarter. Tower Research Capital LLC TRC now owns 5,394 shares of the company’s stock worth $208,000 after buying an additional 3,432 shares in the last quarter. Institutional investors and hedge funds own 86.77% 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. It operates through two segments: Property Intelligence and Risk Management and Work Flow.
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