Blucora Inc (BCOR) Receives Average Recommendation of “Buy” from Analysts

Blucora Inc (NASDAQ:BCOR) has been given an average rating of “Buy” by the ten analysts that are presently covering the company, Marketbeat reports. One research analyst has rated the stock with a hold rating and eight have issued a buy rating on the company. The average 1-year target price among brokers that have updated their coverage on the stock in the last year is $37.54.

A number of equities analysts have weighed in on the stock. JPMorgan Chase & Co. raised shares of Blucora from a “neutral” rating to an “overweight” rating and upped their price objective for the company from $42.00 to $45.00 in a research report on Friday, September 28th. BidaskClub cut shares of Blucora from a “hold” rating to a “sell” rating in a research report on Friday, September 7th. Zacks Investment Research cut shares of Blucora from a “strong-buy” rating to a “hold” rating in a research report on Tuesday, July 17th. ValuEngine cut shares of Blucora from a “strong-buy” rating to a “buy” rating in a research report on Thursday, November 1st. Finally, Barrington Research reissued a “buy” rating and issued a $40.00 price objective on shares of Blucora in a research report on Monday, October 22nd.

NASDAQ:BCOR traded up $0.41 on Thursday, reaching $31.91. The stock had a trading volume of 319,246 shares, compared to its average volume of 400,678. The company has a debt-to-equity ratio of 0.42, a current ratio of 2.95 and a quick ratio of 2.95. The stock has a market cap of $1.46 billion, a P/E ratio of 26.16, a PEG ratio of 1.06 and a beta of 0.26. Blucora has a 12-month low of $19.05 and a 12-month high of $41.35.

Blucora (NASDAQ:BCOR) last posted its quarterly earnings data on Wednesday, October 31st. The information services provider reported ($0.09) earnings per share for the quarter, beating analysts’ consensus estimates of ($0.19) by $0.10. The company had revenue of $95.40 million during the quarter, compared to analysts’ expectations of $94.36 million. Blucora had a net margin of 13.71% and a return on equity of 14.56%. The firm’s revenue for the quarter was up 5.8% on a year-over-year basis. During the same period in the prior year, the company posted ($0.12) EPS. As a group, equities analysts expect that Blucora will post 1.63 earnings per share for the current year.

In other news, CEO Robert D. Oros sold 6,075 shares of the company’s stock in a transaction dated Monday, November 5th. The shares were sold at an average price of $30.31, for a total value of $184,133.25. The sale was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, insider John David Palmer sold 3,753 shares of the company’s stock in a transaction dated Thursday, August 23rd. The shares were sold at an average price of $36.00, for a total transaction of $135,108.00. Following the completion of the sale, the insider now owns 8,375 shares in the company, valued at approximately $301,500. The disclosure for this sale can be found here. In the last 90 days, insiders sold 122,486 shares of company stock worth $4,151,289. Company insiders own 2.91% of the company’s stock.

Institutional investors and hedge funds have recently added to or reduced their stakes in the stock. Advisory Services Network LLC acquired a new stake in Blucora during the second quarter worth about $103,000. CIBC Asset Management Inc acquired a new stake in Blucora during the second quarter worth about $214,000. Tower Research Capital LLC TRC acquired a new stake in Blucora during the second quarter worth about $237,000. Crossmark Global Holdings Inc. acquired a new stake in Blucora during the second quarter worth about $266,000. Finally, Amalgamated Bank acquired a new stake in Blucora during the second quarter worth about $274,000. Hedge funds and other institutional investors own 94.94% 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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Analyst Recommendations for Blucora (NASDAQ:BCOR)

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