Blucora Inc. (BCOR) Receives $12.63 Consensus Target Price from Brokerages
Shares of Blucora Inc. (NASDAQ:BCOR) have been assigned a consensus rating of “Buy” from the five brokerages that are presently covering the stock. One analyst has rated the stock with a hold rating and four have assigned a buy rating to the company. The average 12 month price objective among analysts that have issued a report on the stock in the last year is $12.63.
A number of research firms have weighed in on BCOR. Zacks Investment Research cut shares of Blucora from a “buy” rating to a “hold” rating in a research note on Monday, August 29th. Barrington Research boosted their target price on shares of Blucora from $13.00 to $16.00 and gave the stock an “outperform” rating in a research note on Friday, October 28th.
Blucora (NASDAQ:BCOR) opened at 13.55 on Tuesday. The company’s market cap is $565.29 million. The firm’s 50-day moving average price is $11.96 and its 200-day moving average price is $10.55. Blucora has a 12-month low of $4.69 and a 12-month high of $13.65.
Blucora (NASDAQ:BCOR) last posted its earnings results on Thursday, October 27th. The company reported ($0.24) earnings per share for the quarter, topping analysts’ consensus estimates of ($0.36) by $0.12. The firm had revenue of $83.20 million for the quarter, compared to analysts’ expectations of $78.95 million. Blucora had a negative net margin of 27.61% and a positive return on equity of 3.38%. The company’s revenue was up .4% on a year-over-year basis. During the same quarter in the previous year, the firm posted ($0.13) earnings per share. Equities research analysts forecast that Blucora will post $0.98 earnings per share for the current fiscal year.
In related news, insider Joann Kintzel sold 2,669 shares of the business’s stock in a transaction on Monday, November 7th. The shares were sold at an average price of $13.50, for a total value of $36,031.50. Following the sale, the insider now owns 93,725 shares of the company’s stock, valued at $1,265,287.50. The sale was disclosed in a legal filing with the SEC, which is accessible through the SEC website. 10.40% of the stock is currently owned by corporate insiders.
A number of institutional investors have recently added to or reduced their stakes in the stock. Vanguard Group Inc. raised its position in Blucora by 7.8% in the second quarter. Vanguard Group Inc. now owns 3,150,045 shares of the company’s stock valued at $32,634,000 after buying an additional 227,979 shares during the last quarter. BlackRock Fund Advisors raised its position in Blucora by 3.3% in the third quarter. BlackRock Fund Advisors now owns 2,816,280 shares of the company’s stock valued at $31,542,000 after buying an additional 90,058 shares during the last quarter. Gamco Investors INC. ET AL raised its position in Blucora by 10.2% in the second quarter. Gamco Investors INC. ET AL now owns 946,200 shares of the company’s stock valued at $9,803,000 after buying an additional 87,950 shares during the last quarter. Gabelli Funds LLC raised its position in Blucora by 6.7% in the second quarter. Gabelli Funds LLC now owns 566,796 shares of the company’s stock valued at $5,872,000 after buying an additional 35,796 shares during the last quarter. Finally, ClariVest Asset Management LLC purchased a new position in Blucora during the second quarter valued at about $5,226,000. Institutional investors and hedge funds own 77.64% of the company’s stock.
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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