Blucora, Inc. (NASDAQ:BCOR) has been given an average recommendation of “Buy” by the eight analysts that are presently covering the company, MarketBeat Ratings reports. One analyst has rated the stock with a sell rating, two have given a hold rating, three have assigned a buy rating and one has given a strong buy rating to the company. The average 12-month target price among analysts that have covered the stock in the last year is $27.67.

A number of brokerages have recently issued reports on BCOR. Benchmark restated a “buy” rating and set a $30.00 price objective on shares of Blucora in a research report on Monday, November 20th. BidaskClub cut Blucora from a “sell” rating to a “strong sell” rating in a research note on Wednesday, December 6th. Zacks Investment Research raised Blucora from a “hold” rating to a “strong-buy” rating and set a $25.00 target price for the company in a research note on Wednesday, November 1st. Finally, TheStreet cut Blucora from a “b-” rating to a “c” rating in a research note on Monday, October 30th.

Blucora (BCOR) traded up $0.45 during trading on Monday, reaching $21.70. The company’s stock had a trading volume of 565,284 shares, compared to its average volume of 452,854. The company has a quick ratio of 2.23, a current ratio of 2.23 and a debt-to-equity ratio of 0.65. The company has a market capitalization of $1,020.00, a P/E ratio of 16.73, a PEG ratio of 0.93 and a beta of -0.32. Blucora has a 1 year low of $14.25 and a 1 year high of $26.15.

Blucora (NASDAQ:BCOR) last issued its quarterly earnings data on Thursday, October 26th. The information services provider reported ($0.12) earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of ($0.19) by $0.07. Blucora had a positive return on equity of 11.94% and a negative net margin of 0.46%. The company had revenue of $90.20 million during the quarter, compared to the consensus estimate of $89.72 million. During the same period last year, the company earned ($0.24) earnings per share. The firm’s revenue was up 8.4% compared to the same quarter last year. equities research analysts forecast that Blucora will post 1.14 EPS for the current year.

A number of institutional investors have recently made changes to their positions in the business. Vanguard Group Inc. boosted its position in shares of Blucora by 28.0% during the second quarter. Vanguard Group Inc. now owns 4,629,622 shares of the information services provider’s stock valued at $98,148,000 after buying an additional 1,013,363 shares during the last quarter. Prudential Financial Inc. boosted its position in shares of Blucora by 156.6% during the second quarter. Prudential Financial Inc. now owns 596,093 shares of the information services provider’s stock valued at $12,638,000 after buying an additional 363,809 shares during the last quarter. Teachers Advisors LLC lifted its holdings in Blucora by 1.0% during the second quarter. Teachers Advisors LLC now owns 74,603 shares of the information services provider’s stock worth $1,582,000 after acquiring an additional 717 shares during the period. Alliancebernstein L.P. lifted its holdings in Blucora by 231.4% during the second quarter. Alliancebernstein L.P. now owns 175,730 shares of the information services provider’s stock worth $3,725,000 after acquiring an additional 122,710 shares during the period. Finally, Renaissance Technologies LLC lifted its holdings in Blucora by 36.2% during the second quarter. Renaissance Technologies LLC now owns 1,615,200 shares of the information services provider’s stock worth $34,242,000 after acquiring an additional 429,600 shares during the period. 90.73% of the stock is owned by hedge funds and other institutional investors.

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About Blucora

Blucora, Inc is a provider of technology-enabled financial solutions to consumers, small business owners and tax professionals. The Company operates through the Wealth Management and Tax Preparation segments. The Company’s Wealth Management segment consists of HD Vest, which provides financial advisors with an integrated platform of brokerage, investment advisory and insurance services to assist in making each financial advisor a financial service center for his/her clients The Company’s Tax Preparation segment provides digital do-it-yourself (DDIY) tax preparation solutions for consumers, small business owners and tax professionals.

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