Oppenheimer reissued their outperform rating on shares of Corelogic Inc (NASDAQ:CLGX) in a report released on Tuesday morning, MarketBeat Ratings reports. Oppenheimer currently has a $45.00 target price on the stock.

“Prior to 4Q15 earnings and its FY16 guidance, we remain optimistic regarding CLGX’s growth and EBITDA trajectory despite anticipated mortgage volume headwinds. We wouldn’t preclude upside 4Q results and anticipate a healthy FY16/FY17 EBITDA ramp, reflecting announced acquisitions, organic growth, and cost saves. We estimate FY16 EBITDA of close to $490M, including the FNC acquisition (yet to close). Mortgage originations in 4Q15 from large issuers appear directionally in-line with MBA estimates, and we suspect small/mid-sized lenders continue to take share.”,” the firm’s analyst commented.

Shares of Corelogic (NASDAQ:CLGX) traded up 7.40% during trading on Tuesday, reaching $35.70. 1,054,742 shares of the company’s stock were exchanged. The stock’s 50 day moving average price is $34.26 and its 200-day moving average price is $37.32. The stock has a market cap of $3.15 billion and a PE ratio of 30.94. Corelogic has a 52-week low of $30.73 and a 52-week high of $42.31.

In related news, CEO Anand K. Nallathambi sold 15,000 shares of the stock in a transaction that occurred on Thursday, December 31st. The shares were sold at an average price of $34.10, for a total value of $511,500.00. Following the completion of the transaction, the chief executive officer now owns 236,366 shares of the company’s stock, valued at approximately $8,060,080.60. The sale was disclosed in a legal filing with the SEC, which is available through the SEC website. Also, SVP Stergios Theologides sold 2,500 shares of the stock in a transaction that occurred on Thursday, November 12th. The shares were sold at an average price of $36.78, for a total transaction of $91,950.00. Following the completion of the transaction, the senior vice president now directly owns 28,040 shares of the company’s stock, valued at approximately $1,031,311.20. The disclosure for this sale can be found here.

A number of institutional investors recently modified their holdings of the stock. MUFG Americas bought a new position in shares of Corelogic during the third quarter valued at approximately $474,000. Janus Capital Management bought a new position in shares of Corelogic during the third quarter valued at approximately $2,152,000. Assetmark bought a new position in shares of Corelogic during the third quarter valued at approximately $0. Beacon Capital Management bought a new position in shares of Corelogic during the fourth quarter valued at approximately $0. Finally, Fox Run Management bought a new position in shares of Corelogic during the fourth quarter valued at approximately $491,000.

A number of other brokerages have also issued reports on CLGX. Zacks Investment Research lowered shares of Corelogic from a hold rating to a sell rating in a research report on Monday, October 19th. Keefe, Bruyette & Woods restated a hold rating and set a $42.50 target price (up previously from $41.50) on shares of Corelogic in a research report on Monday, October 26th. Finally, Piper Jaffray restated an overweight rating and set a $47.00 target price on shares of Corelogic in a research report on Tuesday, January 5th. One equities research analyst has rated the stock with a sell rating, three have issued a hold rating and six have issued a buy rating to the stock. The stock currently has a consensus rating of Buy and a consensus price target of $43.50.

CoreLogic, Inc. is a property information, analytics and data-enabled services provider operating in North America, Western Europe and Asia Pacific. The Company provides detailed coverage of property, mortgages and other encumbrances, consumer credit, tenancy, location, hazard risk and related performance information. It operates through two segments: Data & Analytics and Technology and Processing Solutions. The Data & Analytics segment owns or licenses data assets, including loan information, criminal and eviction records, employment verification, property sales and characteristic information, property risk and replacement cost and information on mortgage-backed securities. The Technology and Processing Solutions segment provides property tax monitoring, flood zone certification and monitoring, credit services, mortgage loan administration and production services, lending solutions, mortgage-related business process outsourcing, technology solutions and compliance-related services

12 Month Chart for NASDAQ:CLGX

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