Insider Selling: Jaynie M. Studenmund Sells 6,558 Shares of Corelogic Stock (CLGX)
Corelogic (NASDAQ:CLGX) Director Jaynie M. Studenmund sold 6,558 shares of Corelogic stock in a transaction dated Friday, August 29th. The shares were sold at an average price of $27.85, for a total transaction of $182,640.30. Following the transaction, the director now directly owns 21,269 shares of the company’s stock, valued at approximately $592,342. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link.
Corelogic (NASDAQ:CLGX) traded up 0.60% on Tuesday, hitting $28.44. The stock had a trading volume of 707,146 shares. Corelogic has a one year low of $25.49 and a one year high of $36.19. The stock has a 50-day moving average of $27.94 and a 200-day moving average of $29.42. The company has a market cap of $2.592 billion and a price-to-earnings ratio of 61.19.
Corelogic (NASDAQ:CLGX) last announced its earnings results on Wednesday, July 23rd. The company reported $0.36 earnings per share for the quarter, missing the analysts’ consensus estimate of $0.38 by $0.02. The company had revenue of $349.42 million for the quarter, compared to the consensus estimate of $352.26 million. During the same quarter last year, the company posted $0.46 earnings per share. Corelogic’s revenue was up .4% compared to the same quarter last year. Analysts expect that Corelogic will post $1.30 EPS for the current fiscal year.
Several analysts have recently commented on the stock. Analysts at Keefe, Bruyette & Woods downgraded shares of Corelogic from an “outperform” rating to a “market perform” rating in a research note on Tuesday, July 29th. They now have a $32.00 price target on the stock, down previously from $36.00. Separately, analysts at Barclays reiterated an “overweight” rating on shares of Corelogic in a research note on Friday, July 25th. They now have a $37.00 price target on the stock, down previously from $42.00. Finally, analysts at Stephens downgraded shares of Corelogic from an “overweight” rating to an “equal weight” rating in a research note on Thursday, July 24th. Three research analysts have rated the stock with a hold rating and five have given a buy rating to the company’s stock. Corelogic has a consensus rating of “Buy” and a consensus target price of $35.20.
CoreLogic, Inc (NASDAQ:CLGX), is a provider of property information, analytics and services provider in the United States of America and Australia.
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