Blucora Inc. (BCOR) Insider Sells $36,031.50 in Stock
Blucora Inc. (NASDAQ:BCOR) insider Joann Kintzel sold 2,669 shares of the company’s stock in a transaction dated Monday, November 7th. The stock was sold at an average price of $13.50, for a total value of $36,031.50. Following the completion of the transaction, the insider now directly owns 93,725 shares of the company’s stock, valued at approximately $1,265,287.50. The sale was disclosed in a filing with the SEC, which can be accessed through this link.
Shares of Blucora Inc. (NASDAQ:BCOR) opened at 13.55 on Monday. The company’s 50 day moving average price is $11.96 and its 200 day moving average price is $10.55. The company’s market cap is $565.29 million. Blucora Inc. has a 12 month low of $4.69 and a 12 month high of $13.65.
Blucora (NASDAQ:BCOR) last posted its quarterly earnings data on Thursday, October 27th. The company reported ($0.24) earnings per share (EPS) for the quarter, beating the Thomson Reuters’ consensus estimate of ($0.36) by $0.12. The company earned $83.20 million during the quarter, compared to analyst estimates of $78.95 million. Blucora had a positive return on equity of 3.38% and a negative net margin of 27.61%. The firm’s quarterly revenue was up .4% on a year-over-year basis. During the same quarter last year, the company earned ($0.13) earnings per share. On average, equities analysts expect that Blucora Inc. will post $0.98 EPS for the current fiscal year.
Large investors have recently bought and sold shares of the stock. Convergence Investment Partners LLC acquired a new stake in Blucora during the third quarter valued at about $1,715,000. Northern Trust Corp increased its stake in Blucora by 2.2% in the third quarter. Northern Trust Corp now owns 459,287 shares of the company’s stock worth $5,145,000 after buying an additional 9,704 shares during the last quarter. Globeflex Capital L P purchased a new stake in Blucora during the third quarter worth $1,347,000. California State Teachers Retirement System increased its stake in Blucora by 0.7% in the third quarter. California State Teachers Retirement System now owns 82,826 shares of the company’s stock worth $928,000 after buying an additional 600 shares during the last quarter. Finally, HAP Trading LLC increased its stake in Blucora by 16.2% in the third quarter. HAP Trading LLC now owns 98,225 shares of the company’s stock worth $1,100,000 after buying an additional 13,662 shares during the last quarter. 74.75% of the stock is owned by institutional investors.
A number of equities research analysts have commented on the company. Zacks Investment Research upgraded Blucora from a “hold” rating to a “buy” rating and set a $11.00 price target on the stock in a research report on Friday, July 29th. Barrington Research upped their price target on Blucora from $13.00 to $16.00 and gave the company an “outperform” rating in a research report on Friday, October 28th. One research analyst has rated the stock with a hold rating and four have issued a buy rating to the company. The company has an average rating of “Buy” and a consensus target price of $12.30.
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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