Blucora Inc (BCOR) Receives $43.75 Average Price Target from Brokerages

Shares of Blucora Inc (NASDAQ:BCOR) have received an average recommendation of “Buy” from the eight ratings firms that are currently covering the company, Marketbeat Ratings reports. One equities research analyst has rated the stock with a hold rating, six have assigned a buy rating and one has issued a strong buy rating on the company. The average 1-year target price among brokers that have covered the stock in the last year is $43.00.

BCOR has been the subject of a number of research reports. Barrington Research restated a “buy” rating and set a $41.00 target price on shares of Blucora in a research report on Wednesday, March 20th. Zacks Investment Research upgraded shares of Blucora from a “sell” rating to a “hold” rating in a research report on Wednesday, April 17th. BidaskClub downgraded shares of Blucora from a “strong-buy” rating to a “buy” rating in a research report on Tuesday, April 23rd. Finally, ValuEngine upgraded shares of Blucora from a “hold” rating to a “buy” rating in a research report on Friday, March 1st.

In other Blucora news, CEO Todd C. Mackay sold 9,084 shares of the company’s stock in a transaction dated Tuesday, March 19th. The shares were sold at an average price of $32.50, for a total value of $295,230.00. Following the completion of the transaction, the chief executive officer now owns 45,939 shares in the company, valued at $1,493,017.50. The sale was disclosed in a legal filing with the SEC, which is available at this hyperlink. Also, CEO Todd C. Mackay sold 7,267 shares of the company’s stock in a transaction dated Monday, April 1st. The stock was sold at an average price of $33.37, for a total transaction of $242,499.79. Following the completion of the transaction, the chief executive officer now owns 43,939 shares of the company’s stock, valued at approximately $1,466,244.43. The disclosure for this sale can be found here. Corporate insiders own 2.91% of the company’s stock.

Institutional investors have recently modified their holdings of the business. Quantamental Technologies LLC acquired a new position in shares of Blucora during the 4th quarter worth about $51,000. Zurcher Kantonalbank Zurich Cantonalbank grew its stake in Blucora by 23.9% during the 4th quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 3,375 shares of the information services provider’s stock valued at $90,000 after acquiring an additional 650 shares in the last quarter. LS Investment Advisors LLC grew its stake in Blucora by 297.8% during the 4th quarter. LS Investment Advisors LLC now owns 5,378 shares of the information services provider’s stock valued at $143,000 after acquiring an additional 4,026 shares in the last quarter. Bank of Montreal Can grew its stake in Blucora by 112.2% during the 1st quarter. Bank of Montreal Can now owns 6,127 shares of the information services provider’s stock valued at $205,000 after acquiring an additional 3,239 shares in the last quarter. Finally, Mercer Global Advisors Inc. ADV purchased a new stake in Blucora during the 1st quarter valued at about $211,000. Institutional investors and hedge funds own 98.53% of the company’s stock.

Shares of BCOR opened at $34.72 on Thursday. The firm has a market cap of $1.68 billion, a PE ratio of 20.30, a P/E/G ratio of 0.94 and a beta of 0.57. The company has a debt-to-equity ratio of 0.43, a quick ratio of 2.71 and a current ratio of 2.71. Blucora has a 1-year low of $23.83 and a 1-year high of $41.35.

Blucora (NASDAQ:BCOR) last announced its quarterly earnings data on Thursday, February 14th. The information services provider reported ($0.16) earnings per share for the quarter, beating analysts’ consensus estimates of ($0.18) by $0.02. The firm had revenue of $101.30 million for the quarter, compared to analyst estimates of $101.11 million. Blucora had a net margin of 8.98% and a return on equity of 13.95%. The business’s quarterly revenue was up 3.6% compared to the same quarter last year. During the same period in the previous year, the company earned ($0.12) earnings per share. Sell-side analysts anticipate that Blucora will post 1.85 EPS for the current fiscal year.

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.

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Analyst Recommendations for Blucora (NASDAQ:BCOR)

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