Corelogic Inc (NYSE:CLGX) CEO Frank Martell sold 7,500 shares of the company’s stock in a transaction dated Tuesday, October 8th. The stock was sold at an average price of $46.04, for a total value of $345,300.00. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website.
CLGX traded up $0.33 during midday trading on Thursday, reaching $46.80. The company had a trading volume of 264,300 shares, compared to its average volume of 524,087. The company has a quick ratio of 1.17, a current ratio of 1.17 and a debt-to-equity ratio of 1.75. The business has a 50-day moving average of $46.97 and a two-hundred day moving average of $43.26. The company has a market cap of $3.76 billion, a P/E ratio of 19.83, a P/E/G ratio of 1.85 and a beta of 0.76. Corelogic Inc has a 1 year low of $31.87 and a 1 year high of $49.49.
Corelogic (NYSE:CLGX) last issued its quarterly earnings results on Wednesday, July 24th. The business services provider reported $0.75 EPS for the quarter, topping analysts’ consensus estimates of $0.66 by $0.09. The business had revenue of $459.54 million during the quarter, compared to analysts’ expectations of $444.22 million. Corelogic had a return on equity of 17.14% and a net margin of 1.80%. The business’s quarterly revenue was down 5.9% on a year-over-year basis. During the same quarter in the prior year, the business posted $1.00 earnings per share. On average, equities research analysts predict that Corelogic Inc will post 2.31 EPS for the current year.
A number of analysts have commented on CLGX shares. Zacks Investment Research upgraded Corelogic from a “hold” rating to a “strong-buy” rating and set a $53.00 price target for the company in a research report on Tuesday, July 30th. ValuEngine cut Corelogic from a “buy” rating to a “hold” rating in a research report on Saturday, September 14th. Compass Point set a $44.00 price target on Corelogic and gave the stock a “hold” rating in a research report on Friday, July 26th. Barclays started coverage on Corelogic in a research report on Wednesday, August 21st. They issued an “overweight” rating and a $54.00 price target for the company. Finally, Robert W. Baird set a $45.00 price target on Corelogic and gave the stock a “hold” rating in a research report on Friday, July 26th. Six equities research analysts have rated the stock with a hold rating, three have issued a buy rating and one has assigned a strong buy rating to the stock. The company currently has an average rating of “Buy” and a consensus target price of $45.56.
Corelogic Company Profile
CoreLogic, Inc, together with its subsidiaries, provides property information, insight, analytics, and data-enabled solutions in North America, Western Europe, and the Asia Pacific. The company operates in two segments, Property Intelligence & Risk Management Solutions (PIRM) and Underwriting & Workflow Solutions (UWS).
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