Blucora Inc (NASDAQ:BCOR) Given Consensus Recommendation of “Hold” by Brokerages

Blucora Inc (NASDAQ:BCOR) has been assigned an average recommendation of “Hold” from the six research firms that are covering the firm, MarketBeat reports. One equities research analyst has rated the stock with a sell recommendation, two have issued a hold recommendation and two have issued a buy recommendation on the company. The average twelve-month price objective among brokerages that have covered the stock in the last year is $33.00.

Several equities analysts have recently weighed in on the company. ValuEngine raised Blucora from a “sell” rating to a “hold” rating in a research note on Wednesday, October 2nd. TheStreet downgraded shares of Blucora from a “b-” rating to a “c” rating in a research report on Wednesday, November 6th. Zacks Investment Research downgraded shares of Blucora from a “hold” rating to a “sell” rating in a research report on Monday, November 11th. Barrington Research set a $36.00 price target on shares of Blucora and gave the company a “buy” rating in a report on Friday, October 11th. Finally, Craig Hallum reduced their price target on shares of Blucora from $40.00 to $30.00 and set an “in-line” rating on the stock in a research report on Thursday, November 7th.

Shares of BCOR traded up $0.86 during trading hours on Tuesday, hitting $24.11. The stock had a trading volume of 327,422 shares, compared to its average volume of 330,627. Blucora has a 12-month low of $18.40 and a 12-month high of $37.17. The firm has a market cap of $1.14 billion, a P/E ratio of 15.86, a P/E/G ratio of 0.71 and a beta of 0.75. The company has a debt-to-equity ratio of 0.61, a quick ratio of 1.84 and a current ratio of 1.84. The company’s fifty day simple moving average is $21.68 and its 200 day simple moving average is $25.34.

Blucora (NASDAQ:BCOR) last posted its quarterly earnings results on Wednesday, November 6th. The information services provider reported ($0.20) earnings per share (EPS) for the quarter, meeting the Zacks’ consensus estimate of ($0.20). The firm had revenue of $149.00 million during the quarter, compared to the consensus estimate of $148.58 million. Blucora had a return on equity of 13.87% and a net margin of 2.22%. The firm’s quarterly revenue was up 56.2% compared to the same quarter last year. During the same quarter in the previous year, the business earned ($0.09) earnings per share. As a group, sell-side analysts predict that Blucora will post 1.63 earnings per share for the current fiscal year.

In related news, CEO John S. Clendening sold 54,250 shares of Blucora stock in a transaction on Monday, October 7th. The shares were sold at an average price of $21.20, for a total transaction of $1,150,100.00. Following the transaction, the chief executive officer now owns 704,467 shares in the company, valued at approximately $14,934,700.40. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. Insiders own 3.40% of the company’s stock.

Hedge funds have recently bought and sold shares of the company. BlackRock Inc. raised its holdings in shares of Blucora by 2.8% during the 2nd quarter. BlackRock Inc. now owns 7,103,096 shares of the information services provider’s stock valued at $215,722,000 after buying an additional 192,034 shares during the period. Vanguard Group Inc. raised its stake in shares of Blucora by 0.7% during the second quarter. Vanguard Group Inc. now owns 4,917,736 shares of the information services provider’s stock valued at $149,353,000 after purchasing an additional 35,410 shares during the period. Renaissance Technologies LLC raised its stake in shares of Blucora by 2.0% during the second quarter. Renaissance Technologies LLC now owns 2,733,300 shares of the information services provider’s stock valued at $83,010,000 after purchasing an additional 54,600 shares during the period. Rothschild & Co. Asset Management US Inc. lifted its position in shares of Blucora by 3.0% during the second quarter. Rothschild & Co. Asset Management US Inc. now owns 789,558 shares of the information services provider’s stock worth $23,979,000 after purchasing an additional 22,728 shares in the last quarter. Finally, Northern Trust Corp lifted its position in shares of Blucora by 2.5% during the second quarter. Northern Trust Corp now owns 674,158 shares of the information services provider’s stock worth $20,474,000 after purchasing an additional 16,309 shares in the last quarter. Institutional investors and hedge funds own 94.38% of the company’s stock.

About Blucora

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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