Blucora, Inc. (NASDAQ:BCOR)‘s stock had its “buy” rating reissued by analysts at Benchmark Co. in a report released on Monday. They currently have a $30.00 target price on the information services provider’s stock. Benchmark Co.’s target price would indicate a potential upside of 46.70% from the company’s previous close.
The analysts wrote, “We continue to highlight the following competitive advantages: 1) Homegrown advisors should keep yielding lower payout ratios (no battling in the economic rent department) and higher advisor retention; 2) Preexisting customer relationships via the tax channel should yield both stickier clients and the opportunity to justify fees and potentially upsell services; 3) Being best-in-breed should allow HD Vest to perfect its recruitment and transition processes with limited competition, driving significant scale benefits as the platform continues to ramp. We acknowledge that most of the Company’s initiatives will take more than 12 months to fully implement, especially with the switch to Fidelity unlikely to be fully implemented until 2H18, but would point out the support from over $614 million in year-to-date net AUM inflows, which should help sustain near-term growth in a mid-single digit range.””
Several other equities research analysts also recently commented on the stock. Zacks Investment Research raised shares of Blucora from a “hold” rating to a “strong-buy” rating and set a $25.00 target price for the company in a research note on Wednesday, November 1st. TheStreet downgraded shares of Blucora from a “b-” rating to a “c” rating in a research note on Monday, October 30th. BidaskClub raised shares of Blucora from a “buy” rating to a “strong-buy” rating in a research note on Saturday, August 12th. Barrington Research upped their target price on shares of Blucora from $23.00 to $28.00 and gave the company an “outperform” rating in a research note on Friday, July 28th. Finally, ValuEngine downgraded shares of Blucora from a “buy” rating to a “hold” rating in a research note on Friday, July 28th. Two research analysts have rated the stock with a hold rating, three have given a buy rating and two have given a strong buy rating to the company’s stock. Blucora presently has a consensus rating of “Buy” and a consensus price target of $27.00.
Shares of Blucora (BCOR) opened at $20.45 on Monday. The company has a debt-to-equity ratio of 0.65, a quick ratio of 2.23 and a current ratio of 2.23. The firm has a market cap of $938.66, a P/E ratio of 16.02, a P/E/G ratio of 0.89 and a beta of -0.27. Blucora has a 12 month low of $13.40 and a 12 month high of $26.15.
Blucora (NASDAQ:BCOR) last issued its earnings results on Thursday, October 26th. The information services provider reported ($0.12) EPS for the quarter, beating the Thomson Reuters’ consensus estimate of ($0.19) by $0.07. Blucora had a negative net margin of 0.46% and a positive return on equity of 11.94%. The firm had revenue of $90.20 million during the quarter, compared to the consensus estimate of $89.72 million. During the same quarter in the prior year, the firm earned ($0.24) earnings per share. The business’s quarterly revenue was up 8.4% on a year-over-year basis. analysts predict that Blucora will post 1.14 EPS for the current year.
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Several institutional investors have recently added to or reduced their stakes in the company. BlackRock Inc. boosted its holdings in shares of Blucora by 0.6% in the second quarter. BlackRock Inc. now owns 4,950,094 shares of the information services provider’s stock valued at $104,942,000 after buying an additional 28,279 shares during the period. Vanguard Group Inc. boosted its holdings in Blucora by 28.0% during the second quarter. Vanguard Group Inc. now owns 4,629,622 shares of the information services provider’s stock worth $98,148,000 after purchasing an additional 1,013,363 shares during the last quarter. First Trust Advisors LP boosted its holdings in Blucora by 12.6% during the second quarter. First Trust Advisors LP now owns 1,994,802 shares of the information services provider’s stock worth $42,290,000 after purchasing an additional 223,249 shares during the last quarter. Numeric Investors LLC boosted its holdings in Blucora by 9.0% during the second quarter. Numeric Investors LLC now owns 1,630,726 shares of the information services provider’s stock worth $34,571,000 after purchasing an additional 134,700 shares during the last quarter. Finally, Renaissance Technologies LLC boosted its holdings in Blucora by 36.2% during the second quarter. Renaissance Technologies LLC now owns 1,615,200 shares of the information services provider’s stock worth $34,242,000 after purchasing an additional 429,600 shares during the last quarter. Institutional investors own 87.33% of the company’s stock.
Blucora Company Profile
Blucora, Inc is a provider of technology-enabled financial solutions to consumers, small business owners and tax professionals. The Company operates through the Wealth Management and Tax Preparation segments. The Company’s Wealth Management segment consists of HD Vest, which provides financial advisors with an integrated platform of brokerage, investment advisory and insurance services to assist in making each financial advisor a financial service center for his/her clients The Company’s Tax Preparation segment provides digital do-it-yourself (DDIY) tax preparation solutions for consumers, small business owners and tax professionals.
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