Blucora (BCOR) Lifted to Buy at BidaskClub

BidaskClub upgraded shares of Blucora (NASDAQ:BCOR) from a hold rating to a buy rating in a research note released on Thursday morning.

Several other analysts have also issued reports on the stock. ValuEngine lowered shares of Blucora from a buy rating to a hold rating in a research report on Friday, March 23rd. William Blair began coverage on shares of Blucora in a research report on Tuesday, March 20th. They set an outperform rating and a $16.23 target price for the company. Zacks Investment Research lowered shares of Blucora from a hold rating to a sell rating in a research report on Wednesday, February 28th. TheStreet upgraded shares of Blucora from a c rating to a b rating in a research report on Thursday, February 15th. Finally, Benchmark restated a buy rating and set a $32.00 target price on shares of Blucora in a research report on Friday, February 16th. One investment analyst has rated the stock with a sell rating, one has issued a hold rating and five have given a buy rating to the stock. The company presently has a consensus rating of Buy and an average price target of $25.25.

How to Become a New Pot Stock Millionaire

Shares of NASDAQ BCOR opened at $24.60 on Thursday. The company has a debt-to-equity ratio of 0.62, a current ratio of 1.92 and a quick ratio of 1.92. The company has a market cap of $1,149.07, a P/E ratio of 20.16, a price-to-earnings-growth ratio of 0.83 and a beta of -0.10. Blucora has a 12-month low of $16.65 and a 12-month high of $26.15.

Blucora (NASDAQ:BCOR) last announced its earnings results on Thursday, February 15th. The information services provider reported ($0.12) earnings per share (EPS) for the quarter, beating the consensus estimate of ($0.25) by $0.13. The company had revenue of $97.85 million during the quarter, compared to analyst estimates of $91.99 million. Blucora had a net margin of 5.31% and a return on equity of 11.22%. The firm’s quarterly revenue was up 12.7% compared to the same quarter last year. During the same period in the previous year, the business posted ($0.18) earnings per share. equities research analysts anticipate that Blucora will post 1.48 EPS for the current year.

In other Blucora news, insider John S. Clendening sold 77,750 shares of the company’s stock in a transaction that occurred on Thursday, February 22nd. The shares were sold at an average price of $24.33, for a total value of $1,891,657.50. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. Also, insider John S. Clendening sold 28,800 shares of the company’s stock in a transaction that occurred on Monday, February 26th. The stock was sold at an average price of $24.85, for a total transaction of $715,680.00. Following the completion of the transaction, the insider now owns 645,548 shares of the company’s stock, valued at $16,041,867.80. The disclosure for this sale can be found here. Over the last quarter, insiders sold 175,272 shares of company stock valued at $4,273,842. Company insiders own 14.10% of the company’s stock.

Several institutional investors and hedge funds have recently bought and sold shares of BCOR. Crossmark Global Holdings Inc. bought a new position in shares of Blucora in the third quarter worth approximately $204,000. Principal Financial Group Inc. boosted its position in shares of Blucora by 26.3% in the third quarter. Principal Financial Group Inc. now owns 415,468 shares of the information services provider’s stock worth $10,511,000 after purchasing an additional 86,611 shares during the period. BNP Paribas Arbitrage SA boosted its position in shares of Blucora by 65.6% in the third quarter. BNP Paribas Arbitrage SA now owns 24,788 shares of the information services provider’s stock worth $627,000 after purchasing an additional 9,815 shares during the period. Sei Investments Co. boosted its position in shares of Blucora by 15,869.2% in the third quarter. Sei Investments Co. now owns 4,152 shares of the information services provider’s stock worth $110,000 after purchasing an additional 4,126 shares during the period. Finally, Municipal Employees Retirement System of Michigan boosted its position in shares of Blucora by 81.0% in the third quarter. Municipal Employees Retirement System of Michigan now owns 16,910 shares of the information services provider’s stock worth $428,000 after purchasing an additional 7,570 shares during the period. Institutional investors and hedge funds own 97.02% of the company’s stock.

COPYRIGHT VIOLATION WARNING: This piece of content was posted by WKRB News and is owned by of WKRB News. If you are reading this piece of content on another website, it was illegally stolen and republished in violation of United States and international trademark and copyright laws. The legal version of this piece of content can be accessed at https://www.wkrb13.com/2018/04/01/blucora-bcor-lifted-to-buy-at-bidaskclub.html.

Blucora Company Profile

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.

Receive News & Ratings for Blucora Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Blucora and related companies with MarketBeat.com's FREE daily email newsletter.

Leave a Reply