CoreLogic (CLGX) Downgraded to Sell at BidaskClub

CoreLogic (NYSE:CLGX) was downgraded by investment analysts at BidaskClub from a “hold” rating to a “sell” rating in a research report issued to clients and investors on Thursday, November 9th.

CLGX has been the subject of a number of other research reports. Zacks Investment Research downgraded CoreLogic from a “hold” rating to a “sell” rating in a report on Monday, October 30th. William Blair downgraded CoreLogic from an “outperform” rating to a “market perform” rating in a research note on Wednesday, November 8th. Barclays lifted their price target on CoreLogic from $50.00 to $52.00 and gave the stock an “overweight” rating in a research note on Friday, October 27th. Keefe, Bruyette & Woods reaffirmed a “hold” rating and set a $46.00 price target on shares of CoreLogic in a research note on Thursday, July 27th. Finally, Oppenheimer lifted their price target on CoreLogic from $45.00 to $50.00 and gave the stock an “outperform” rating in a research note on Thursday, July 27th. Three investment analysts have rated the stock with a sell rating, five have issued a hold rating and two have assigned a buy rating to the stock. CoreLogic currently has a consensus rating of “Hold” and a consensus target price of $46.50.

CoreLogic (CLGX) traded down $1.40 during trading on Thursday, reaching $43.19. The company’s stock had a trading volume of 1,214,497 shares, compared to its average volume of 499,883. CoreLogic has a 12 month low of $34.59 and a 12 month high of $49.30. The company has a current ratio of 1.33, a quick ratio of 1.33 and a debt-to-equity ratio of 1.69. The firm has a market capitalization of $3,550.00, a P/E ratio of 22.40, a P/E/G ratio of 2.02 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 EPS for the quarter, beating analysts’ consensus estimates of $0.71 by $0.01. CoreLogic had a return on equity of 17.10% and a net margin of 4.86%. The company had revenue of $483.10 million during the quarter, compared to the consensus estimate of $490.09 million. During the same quarter last year, the company earned $0.73 earnings per share. CoreLogic’s quarterly revenue was down 7.8% compared to the same quarter last year. equities analysts anticipate that CoreLogic will post 2.04 EPS for the current fiscal year.

In related news, CEO Frank Martell sold 35,392 shares of CoreLogic stock in a transaction dated Thursday, September 7th. The stock was sold at an average price of $47.11, for a total transaction of $1,667,317.12. Following the completion of the sale, the chief executive officer now owns 251,344 shares in the company, valued at approximately $11,840,815.84. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website. Also, insider Barry M. Sando sold 23,200 shares of CoreLogic stock in a transaction dated Thursday, August 31st. The shares were sold at an average price of $47.01, for a total value of $1,090,632.00. Following the completion of the sale, the insider now owns 156,661 shares of the company’s stock, valued at approximately $7,364,633.61. The disclosure for this sale can be found here. In the last quarter, insiders have sold 59,492 shares of company stock valued at $2,799,979. 1.20% of the stock is currently owned by company insiders.

A number of institutional investors and hedge funds have recently bought and sold shares of CLGX. Invictus RG grew its holdings in CoreLogic by 98.4% in the 3rd quarter. Invictus RG now owns 2,633 shares of the business services provider’s stock valued at $122,000 after buying an additional 1,306 shares during the period. Zurcher Kantonalbank Zurich Cantonalbank grew its holdings in 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 buying an additional 283 shares during the period. Covington Capital Management purchased a new stake in CoreLogic in the 2nd quarter valued at about $202,000. Greenwood Capital Associates LLC purchased a new stake in CoreLogic in the 2nd quarter valued at about $210,000. Finally, ETF Managers Group LLC purchased a new stake in CoreLogic in the 2nd quarter valued at about $211,000. Institutional investors own 88.87% of the company’s stock.

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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.

Analyst Recommendations for CoreLogic (NYSE:CLGX)

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