Blucora Inc (BCOR) Insider Buys $240,314.48 in Stock
Blucora Inc (NASDAQ:BCOR) insider Michael P. Hogan acquired 7,874 shares of the business’s stock in a transaction dated Tuesday, November 6th. The shares were purchased at an average price of $30.52 per share, with a total value of $240,314.48. Following the transaction, the insider now owns 15,990 shares of the company’s stock, valued at $488,014.80. The acquisition was disclosed in a document filed with the SEC, which is available at the SEC website.
Shares of Blucora stock opened at $30.42 on Friday. The stock has a market cap of $1.51 billion, a PE ratio of 24.93, a PEG ratio of 1.10 and a beta of 0.26. The company has a quick ratio of 2.95, a current ratio of 2.95 and a debt-to-equity ratio of 0.42. Blucora Inc has a twelve month low of $19.05 and a twelve month high of $41.35.
Blucora (NASDAQ:BCOR) last issued its quarterly earnings data on Wednesday, October 31st. The information services provider reported ($0.09) earnings per share for the quarter, beating the Zacks’ consensus estimate of ($0.19) by $0.10. Blucora had a return on equity of 14.56% and a net margin of 13.71%. The firm had revenue of $95.40 million during the quarter, compared to analyst estimates of $94.36 million. During the same quarter last year, the business posted ($0.12) earnings per share. The business’s quarterly revenue was up 5.8% compared to the same quarter last year. Analysts anticipate that Blucora Inc will post 1.63 earnings per share for the current fiscal year.
A number of brokerages have recently weighed in on BCOR. Zacks Investment Research upgraded Blucora from a “hold” rating to a “buy” rating and set a $35.00 price objective for the company in a research report on Tuesday. ValuEngine lowered Blucora from a “strong-buy” rating to a “buy” rating in a research report on Thursday, November 1st. Barrington Research restated a “buy” rating and set a $40.00 price objective on shares of Blucora in a research report on Monday, October 22nd. BidaskClub upgraded Blucora from a “hold” rating to a “buy” rating in a research report on Tuesday, October 2nd. Finally, JPMorgan Chase & Co. upgraded Blucora from a “neutral” rating to an “overweight” rating and raised their price objective for the company from $42.00 to $45.00 in a research report on Friday, September 28th. One research analyst has rated the stock with a hold rating and eight have issued a buy rating to the company’s stock. Blucora has an average rating of “Buy” and an average price target of $37.54.
WARNING: This news story was first reported by The Cerbat Gem and is the property of of The Cerbat Gem. If you are reading this news story on another site, it was illegally copied and reposted in violation of US and international trademark & copyright laws. The correct version of this news story can be viewed at https://www.thecerbatgem.com/2018/11/10/blucora-inc-bcor-insider-buys-240314-48-in-stock.html.
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.
Featured Article: Stop Order Uses For Individual Investors
Receive News & Ratings for Blucora Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Blucora and related companies with MarketBeat.com's FREE daily email newsletter.