Blucora Inc. (NASDAQ:BCOR) Given Consensus Rating of “Buy” by Analysts
Blucora Inc. (NASDAQ:BCOR) has been assigned a consensus rating of “Buy” from the six brokerages that are currently covering the stock. One equities research analyst has rated the stock with a sell rating, one has given a hold rating and four have given a buy rating to the company. The average 1-year price objective among brokers that have updated their coverage on the stock in the last year is $11.13.
Separately, Zacks Investment Research raised shares of Blucora from a “hold” rating to a “buy” rating and set a $11.00 target price on the stock in a research note on Friday, July 29th.
In other Blucora news, insider Joann Kintzel sold 3,538 shares of the business’s stock in a transaction on Tuesday, July 5th. The shares were sold at an average price of $10.54, for a total transaction of $37,290.52. Following the transaction, the insider now directly owns 99,932 shares of the company’s stock, valued at approximately $1,053,283.28. The sale was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. Company insiders own 10.40% of the company’s stock.
A number of hedge funds and other institutional investors have recently modified their holdings of the stock. Arizona State Retirement System increased its position in shares of Blucora by 5.0% in the first quarter. Arizona State Retirement System now owns 21,117 shares of the company’s stock worth $109,000 after buying an additional 1,000 shares during the last quarter. Fox Run Management L.L.C. acquired a new stake in shares of Blucora during the second quarter worth approximately $124,000. BNP Paribas Arbitrage SA boosted its stake in shares of Blucora by 104.1% in the second quarter. BNP Paribas Arbitrage SA now owns 13,486 shares of the company’s stock worth $140,000 after buying an additional 6,877 shares during the period. LaSalle Street Capital Management LLC acquired a new stake in shares of Blucora during the second quarter worth approximately $171,000. Finally, Acrospire Investment Management LLC boosted its stake in shares of Blucora by 6.1% in the second quarter. Acrospire Investment Management LLC now owns 17,299 shares of the company’s stock worth $179,000 after buying an additional 988 shares during the period. 77.83% of the stock is currently owned by institutional investors and hedge funds.
Shares of Blucora (NASDAQ:BCOR) traded down 0.62% during mid-day trading on Monday, hitting $11.13. 138,927 shares of the stock traded hands. The company’s 50-day moving average price is $10.81 and its 200 day moving average price is $9.11. The company’s market capitalization is $462.07 million. Blucora has a 1-year low of $4.69 and a 1-year high of $15.15.
Blucora (NASDAQ:BCOR) last issued its earnings results on Thursday, July 28th. The company reported $0.55 EPS for the quarter, topping the consensus estimate of $0.52 by $0.03. Blucora had a negative net margin of 15.85% and a positive return on equity of 4.04%. The company had revenue of $120.10 million for the quarter, compared to the consensus estimate of $123.62 million. During the same period in the previous year, the firm earned $0.48 earnings per share. The firm’s revenue for the quarter was up 288.7% on a year-over-year basis. Equities research analysts forecast that Blucora will post $0.90 EPS for the current fiscal year.
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 two segments: the Wealth Management, which consists of the HD Vest, Inc (HD Vest) business, and the Tax Preparation, which consists of the TaxAct, Inc (TaxAct) business.
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