BidaskClub Upgrades Blucora (BCOR) to “Sell”

Blucora (NASDAQ:BCOR) was upgraded by research analysts at BidaskClub from a “strong sell” rating to a “sell” rating in a report issued on Saturday.

A number of other analysts have also recently weighed in on BCOR. Zacks Investment Research cut shares of Blucora from a “buy” rating to a “hold” rating in a research report on Thursday, September 28th. TheStreet cut shares of Blucora from a “b-” rating to a “c” rating in a research report on Monday, October 30th. Finally, Benchmark reaffirmed a “buy” rating and set a $30.00 price target on shares of Blucora in a research report on Monday, November 20th. One equities research analyst has rated the stock with a sell rating, two have assigned a hold rating, three have assigned a buy rating and one has assigned a strong buy rating to the company’s stock. Blucora currently has an average rating of “Buy” and an average target price of $27.00.

Shares of Blucora (NASDAQ BCOR) opened at $22.55 on Friday. The company has a current ratio of 2.23, a quick ratio of 2.23 and a debt-to-equity ratio of 0.65. Blucora has a 12 month low of $14.25 and a 12 month high of $26.15. The stock has a market cap of $1,040.00, a price-to-earnings ratio of 17.76, a PEG ratio of 0.99 and a beta of -0.32.

Blucora (NASDAQ:BCOR) last announced its quarterly earnings results on Thursday, October 26th. The information services provider reported ($0.12) earnings per share for the quarter, topping analysts’ consensus estimates 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 analysts’ expectations of $89.72 million. During the same period in the prior year, the company earned ($0.24) EPS. The firm’s revenue was up 8.4% on a year-over-year basis. sell-side analysts predict that Blucora will post 1.14 earnings per share for the current fiscal year.

A number of hedge funds have recently modified their holdings of BCOR. Sei Investments Co. lifted its holdings 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 worth $110,000 after buying an additional 4,126 shares in the last quarter. Robeco Institutional Asset Management B.V. acquired a new position in Blucora in the 3rd quarter worth $124,000. C M Bidwell & Associates Ltd. acquired a new position in Blucora in the 2nd quarter worth $179,000. Municipal Employees Retirement System of Michigan lifted its holdings in Blucora by 7.1% in the 2nd quarter. Municipal Employees Retirement System of Michigan now owns 9,340 shares of the information services provider’s stock worth $198,000 after buying an additional 620 shares in the last quarter. Finally, Trexquant Investment LP acquired a new position in Blucora in the 3rd quarter worth $201,000. Hedge funds and other institutional investors own 90.73% of the company’s stock.

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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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