Blucora Inc (NASDAQ:BCOR) insider Michael P. Hogan purchased 7,874 shares of the stock in a transaction dated Tuesday, November 6th. The shares were purchased at an average cost of $30.52 per share, for a total transaction of $240,314.48. Following the completion of the acquisition, the insider now directly owns 15,990 shares in the company, valued at $488,014.80. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which is available through this link.
Shares of Blucora stock opened at $30.42 on Friday. Blucora Inc has a one year low of $19.05 and a one year high of $41.35. The firm has a market capitalization of $1.51 billion, a P/E ratio of 24.93, a P/E/G ratio of 1.10 and a beta of 0.26. The company has a current ratio of 2.95, a quick ratio of 2.95 and a debt-to-equity ratio of 0.42.
Blucora (NASDAQ:BCOR) last announced its earnings results on Wednesday, October 31st. The information services provider reported ($0.09) EPS for the quarter, topping the Zacks’ consensus estimate of ($0.19) by $0.10. Blucora had a return on equity of 14.56% and a net margin of 13.71%. The company had revenue of $95.40 million for the quarter, compared to analysts’ expectations of $94.36 million. During the same period last year, the firm earned ($0.12) EPS. Blucora’s revenue for the quarter was up 5.8% compared to the same quarter last year. As a group, analysts forecast that Blucora Inc will post 1.63 earnings per share for the current year.
Several equities analysts have recently weighed in on the company. Zacks Investment Research raised Blucora from a “hold” rating to a “buy” rating and set a $35.00 price target on the stock in a report on Tuesday. ValuEngine cut Blucora from a “strong-buy” rating to a “buy” rating in a report on Thursday, November 1st. Barrington Research reissued a “buy” rating and set a $40.00 price target on shares of Blucora in a report on Monday, October 22nd. BidaskClub raised Blucora from a “hold” rating to a “buy” rating in a report on Tuesday, October 2nd. Finally, JPMorgan Chase & Co. raised Blucora from a “neutral” rating to an “overweight” rating and raised their target price for the stock from $42.00 to $45.00 in a report on Friday, September 28th. One investment analyst has rated the stock with a hold rating and eight have assigned a buy rating to the company. The company presently has a consensus rating of “Buy” and a consensus target price of $37.54.
COPYRIGHT VIOLATION NOTICE: “Blucora Inc (BCOR) Insider Buys $240,314.48 in Stock” was reported by Sports Perspectives and is owned by of Sports Perspectives. If you are viewing this piece on another website, it was stolen and reposted in violation of US and international copyright laws. The correct version of this piece can be accessed at https://sportsperspectives.com/2018/11/10/blucora-inc-bcor-insider-buys-240314-48-in-stock.html.
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.
Read More: Stock Symbols and CUSIP Explained
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.