BidaskClub downgraded shares of CoreLogic, Inc. (NYSE:CLGX) from a hold rating to a sell rating in a research note released on Thursday morning.

A number of other equities research analysts have also weighed in on CLGX. Oppenheimer Holdings, Inc. boosted their target price on CoreLogic from $45.00 to $50.00 and gave the company an outperform rating in a research note on Thursday, July 27th. Zacks Investment Research raised CoreLogic from a hold rating to a buy rating and set a $51.00 target price for the company in a research note on Thursday, July 27th. Keefe, Bruyette & Woods restated a hold rating and set a $46.00 price target on shares of CoreLogic in a report on Thursday, July 27th. Piper Jaffray Companies restated a hold rating and set a $50.00 price target on shares of CoreLogic in a report on Friday, October 27th. Finally, Barclays PLC boosted their price target on CoreLogic from $50.00 to $52.00 and gave the company an overweight rating in a report on Friday, October 27th. Three analysts have rated the stock with a sell rating, four have assigned a hold rating and three have given a buy rating to the company. The stock presently has an average rating of Hold and a consensus price target of $46.50.

CoreLogic (NYSE:CLGX) traded down $0.56 during midday trading on Thursday, hitting $44.87. The stock had a trading volume of 514,300 shares, compared to its average volume of 497,529. CoreLogic has a 12 month low of $34.59 and a 12 month high of $49.30. The company has a debt-to-equity ratio of 1.69, a quick ratio of 1.33 and a current ratio of 1.33. The company has a market cap of $3,696.11, a price-to-earnings ratio of 22.21, a PEG ratio of 2.00 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, 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 analyst estimates of $490.09 million. During the same quarter in the previous year, the company posted $0.73 EPS. CoreLogic’s revenue for the quarter was down 7.8% on a year-over-year basis. sell-side analysts anticipate that CoreLogic will post 2.04 earnings per share for the current year.

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In related news, CEO Frank Martell sold 35,392 shares of the company’s stock in a transaction that occurred on Thursday, September 7th. The stock was sold at an average price of $47.11, for a total value of $1,667,317.12. Following 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 Securities & Exchange Commission, which is accessible through this link. Also, insider Barry M. Sando sold 23,200 shares of the company’s stock in a transaction that occurred on 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 transaction, the insider now directly owns 156,661 shares in the company, valued at $7,364,633.61. The disclosure for this sale can be found here. Insiders have sold a total of 64,492 shares of company stock worth $3,027,079 in the last quarter. Company insiders own 1.20% of the company’s stock.

A number of hedge funds have recently added to or reduced their stakes in the stock. BlackRock Inc. lifted its position in CoreLogic by 0.3% in the 2nd quarter. BlackRock Inc. now owns 6,776,233 shares of the business services provider’s stock valued at $293,953,000 after acquiring an additional 18,907 shares in the last quarter. Bessemer Group Inc. lifted its position in CoreLogic by 2.8% in the 3rd quarter. Bessemer Group Inc. now owns 2,999,746 shares of the business services provider’s stock valued at $138,649,000 after acquiring an additional 81,221 shares in the last quarter. State Street Corp lifted its position in CoreLogic by 0.7% in the 2nd quarter. State Street Corp now owns 2,261,767 shares of the business services provider’s stock valued at $98,111,000 after acquiring an additional 16,697 shares in the last quarter. Schroder Investment Management Group lifted its position in CoreLogic by 0.9% in the 3rd quarter. Schroder Investment Management Group now owns 2,107,338 shares of the business services provider’s stock valued at $97,254,000 after acquiring an additional 18,675 shares in the last quarter. Finally, Dimensional Fund Advisors LP lifted its position in CoreLogic by 5.1% in the 2nd quarter. Dimensional Fund Advisors LP now owns 1,647,527 shares of the business services provider’s stock valued at $71,470,000 after acquiring an additional 79,447 shares in the last quarter. 90.66% of the stock is currently owned by institutional investors and hedge funds.

About CoreLogic

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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