CoreLogic, Inc. (CLGX) Cut to Hold at BidaskClub
CoreLogic, Inc. (NYSE:CLGX) was downgraded by research analysts at BidaskClub from a “buy” rating to a “hold” rating in a report issued on Friday.
Several other equities research analysts have also recently issued reports on the stock. Barclays PLC boosted their price objective on shares of CoreLogic from $48.00 to $50.00 and gave the company an “overweight” rating in a research report on Friday, June 9th. Zacks Investment Research cut shares of CoreLogic from a “buy” rating to a “hold” rating in a research report on Friday, July 28th. Robert W. Baird boosted their price objective on shares of CoreLogic from $42.00 to $44.00 and gave the company a “neutral” rating in a research report on Tuesday, June 13th. Oppenheimer Holdings, Inc. boosted their price objective on shares of CoreLogic from $45.00 to $50.00 and gave the company an “outperform” rating in a research report on Thursday, July 27th. Finally, Keefe, Bruyette & Woods reissued a “hold” rating and issued a $46.00 price objective on shares of CoreLogic in a research report on Thursday, July 27th. One research analyst has rated the stock with a sell rating, five have issued a hold rating and three have given a buy rating to the stock. The stock currently has a consensus rating of “Hold” and an average target price of $45.00.
CoreLogic (NYSE:CLGX) traded down 0.34% during trading on Friday, reaching $46.79. 600,738 shares of the company were exchanged. The company’s 50-day moving average price is $46.11 and its 200-day moving average price is $42.95. The stock has a market capitalization of $3.94 billion, a P/E ratio of 42.97 and a beta of 0.95. CoreLogic has a 1-year low of $34.59 and a 1-year high of $48.02.
CoreLogic (NYSE:CLGX) last released its quarterly earnings results on Tuesday, July 25th. The business services provider reported $0.72 EPS for the quarter, topping analysts’ consensus estimates of $0.66 by $0.06. The firm had revenue of $473.98 million during the quarter, compared to analysts’ expectations of $478.72 million. CoreLogic had a net margin of 4.99% and a return on equity of 17.07%. The firm’s revenue for the quarter was down 5.2% compared to the same quarter last year. During the same period in the previous year, the company earned $0.65 EPS. On average, equities analysts forecast that CoreLogic will post $2.33 EPS for the current year.
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In other news, General Counsel Stergios Theologides sold 5,000 shares of the business’s 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 completion of the sale, the general counsel now owns 63,806 shares in the company, valued at approximately $2,807,464. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website. Also, Director Paul F. Folino sold 1,750 shares of the business’s stock in a transaction dated Wednesday, August 9th. The shares were sold at an average price of $45.24, for a total transaction of $79,170.00. Following the completion of the sale, the director now owns 9,462 shares of the company’s stock, valued at approximately $428,060.88. The disclosure for this sale can be found here. In the last 90 days, insiders sold 71,242 shares of company stock valued at $3,325,193. Company insiders own 1.20% of the company’s stock.
Several large investors have recently bought and sold shares of CLGX. Zurcher Kantonalbank Zurich Cantonalbank raised its holdings in shares of 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 purchasing an additional 283 shares in the last quarter. Covington Capital Management bought a new stake in shares of CoreLogic in the 2nd quarter valued at about $202,000. Neuburgh Advisers LLC raised its holdings in shares of CoreLogic by 1.4% in the 1st quarter. Neuburgh Advisers LLC now owns 5,032 shares of the business services provider’s stock valued at $205,000 after purchasing an additional 68 shares in the last quarter. Greenwood Capital Associates LLC bought a new stake in shares of CoreLogic in the 2nd quarter valued at about $210,000. Finally, ETF Managers Group LLC bought a new stake in shares of CoreLogic in the 2nd quarter valued at about $211,000. Institutional investors and hedge funds own 88.21% 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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