Shares of Blucora Inc (NASDAQ:BCOR) have earned an average recommendation of “Hold” from the seven ratings firms that are covering the stock, MarketBeat.com reports. Five investment analysts have rated the stock with a hold rating and one has assigned a buy rating to the company. The average 1 year price objective among brokers that have issued ratings on the stock in the last year is $31.33.
Several brokerages have issued reports on BCOR. Zacks Investment Research upgraded shares of Blucora from a “sell” rating to a “hold” rating in a report on Tuesday, January 7th. BidaskClub cut shares of Blucora from a “buy” rating to a “hold” rating in a report on Friday, January 17th. JPMorgan Chase & Co. cut shares of Blucora from an “overweight” rating to a “neutral” rating and dropped their target price for the stock from $30.00 to $28.00 in a report on Monday, January 13th. Craig Hallum dropped their target price on shares of Blucora from $40.00 to $30.00 and set an “in-line” rating on the stock in a report on Thursday, November 7th. Finally, Barrington Research reiterated a “buy” rating and set a $36.00 target price on shares of Blucora in a report on Wednesday.
In other news, CEO John S. Clendening sold 14,250 shares of the firm’s stock in a transaction dated Monday, December 16th. The shares were sold at an average price of $24.92, for a total value of $355,110.00. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. 3.40% of the stock is owned by corporate insiders.
Large investors have recently added to or reduced their stakes in the company. Emerald Advisers LLC bought a new stake in shares of Blucora in the 4th quarter valued at about $46,000. Islay Capital Management LLC bought a new stake in shares of Blucora in the 4th quarter valued at about $67,000. Emerald Mutual Fund Advisers Trust bought a new stake in shares of Blucora in the 4th quarter valued at about $68,000. PNC Financial Services Group Inc. boosted its holdings in shares of Blucora by 228.7% in the 4th quarter. PNC Financial Services Group Inc. now owns 2,850 shares of the information services provider’s stock valued at $74,000 after buying an additional 1,983 shares in the last quarter. Finally, SG Americas Securities LLC bought a new stake in shares of Blucora in the 4th quarter valued at about $169,000. Institutional investors and hedge funds own 93.17% of the company’s stock.
Shares of NASDAQ BCOR traded down $0.50 during mid-day trading on Friday, reaching $21.97. The company had a trading volume of 463,294 shares, compared to its average volume of 321,643. The business’s 50-day moving average is $23.47 and its 200-day moving average is $22.85. The company has a current ratio of 1.49, a quick ratio of 1.84 and a debt-to-equity ratio of 0.60. The stock has a market cap of $1.10 billion, a price-to-earnings ratio of 23.13, a price-to-earnings-growth ratio of 0.59 and a beta of 0.78. Blucora has a 52 week low of $18.40 and a 52 week high of $37.17.
Blucora (NASDAQ:BCOR) last posted its quarterly earnings results on Wednesday, February 19th. The information services provider reported ($0.10) EPS for the quarter, topping the Zacks’ consensus estimate of ($0.22) by $0.12. The firm had revenue of $149.40 million for the quarter, compared to analysts’ expectations of $150.11 million. Blucora had a net margin of 6.71% and a return on equity of 13.89%. The business’s revenue for the quarter was up 47.5% on a year-over-year basis. During the same period in the prior year, the business posted ($0.16) earnings per share. As a group, equities research analysts forecast that Blucora will post 1.91 earnings per share for the current year.
Blucora, Inc provides technology-enabled financial solutions to consumers, small business owners, and tax professionals in the United States. The company operates through two segments, Wealth Management and Tax Preparation. The Wealth Management segment offers an integrated platform of brokerage, investment advisory, and insurance services to financial advisors.
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