Shares of Blucora Inc (NASDAQ:BCOR) have received a consensus rating of “Hold” from the eight analysts that are currently covering the firm, Marketbeat.com reports. One equities research analyst has rated the stock with a sell recommendation, two have issued a hold recommendation and four have issued a buy recommendation on the company. The average 12 month price objective among analysts that have issued ratings on the stock in the last year is $25.41.
BCOR has been the topic of a number of analyst reports. Zacks Investment Research cut Blucora from a “buy” rating to a “hold” rating in a research note on Tuesday, December 26th. ValuEngine upgraded Blucora from a “hold” rating to a “buy” rating in a research note on Sunday, December 31st. Benchmark reiterated a “buy” rating and set a $32.00 price objective on shares of Blucora in a research note on Friday, February 16th. BidaskClub cut Blucora from a “sell” rating to a “strong sell” rating in a research note on Wednesday, December 6th. Finally, TheStreet upgraded Blucora from a “c” rating to a “b” rating in a research note on Thursday, February 15th.
In related news, CMO Mathieu Frederic Stevenson sold 33,572 shares of the stock in a transaction on Tuesday, February 20th. The stock was sold at an average price of $24.03, for a total value of $806,735.16. Following the sale, the chief marketing officer now owns 58,882 shares in the company, valued at approximately $1,414,934.46. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, insider John S. Clendening sold 28,800 shares of the stock in a transaction on Monday, February 26th. The shares were sold at an average price of $24.85, for a total value of $715,680.00. Following the completion of the sale, the insider now owns 645,548 shares in the company, valued at approximately $16,041,867.80. The disclosure for this sale can be found here. In the last quarter, insiders have sold 175,272 shares of company stock worth $4,273,842. Company insiders own 14.10% of the company’s stock.
Institutional investors and hedge funds have recently bought and sold shares of the stock. Sei Investments Co. raised its stake in Blucora by 15,869.2% in the 3rd quarter. Sei Investments Co. now owns 4,152 shares of the information services provider’s stock valued at $110,000 after acquiring an additional 4,126 shares during the period. Trexquant Investment LP bought a new stake in Blucora in the 3rd quarter valued at $201,000. Crossmark Global Holdings Inc. bought a new stake in Blucora in the 3rd quarter valued at $204,000. US Bancorp DE raised its stake in Blucora by 697.0% in the 4th quarter. US Bancorp DE now owns 8,185 shares of the information services provider’s stock valued at $181,000 after acquiring an additional 7,158 shares during the period. Finally, AMP Capital Investors Ltd bought a new stake in Blucora in the 3rd quarter valued at $217,000. Institutional investors and hedge funds own 97.02% of the company’s stock.
BCOR stock traded down $1.00 during trading hours on Wednesday, reaching $23.55. The company’s stock had a trading volume of 455,148 shares, compared to its average volume of 342,938. Blucora has a 52-week low of $16.65 and a 52-week high of $26.15. The company has a current ratio of 1.92, a quick ratio of 1.92 and a debt-to-equity ratio of 0.62. The firm has a market cap of $1,146.74, a P/E ratio of 19.03, a P/E/G ratio of 0.83 and a beta of -0.10.
Blucora (NASDAQ:BCOR) last announced its quarterly earnings data on Thursday, February 15th. The information services provider reported ($0.12) earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of ($0.25) by $0.13. Blucora had a return on equity of 11.22% and a net margin of 5.31%. The company had revenue of $97.85 million for the quarter, compared to analysts’ expectations of $91.99 million. During the same quarter in the prior year, the business posted ($0.18) EPS. The business’s revenue was up 12.7% compared to the same quarter last year. research analysts forecast that Blucora will post 1.48 EPS for the current year.
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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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