Blucora Director David H. S. Chung Acquires 6,000 Shares (BCOR)
Blucora (NASDAQ:BCOR) Director David H. S. Chung purchased 6,000 shares of the company’s stock on the open market in a transaction dated Wednesday, May 7th. The shares were purchased at an average price of $17.40 per share, for a total transaction of $104,400.00. Following the transaction, the director now directly owns 17,250 shares of the company’s stock, valued at approximately $300,150. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link.
Blucora (NASDAQ:BCOR) traded up 4.57% on Thursday, hitting $17.85. 580,638 shares of the company’s stock traded hands. Blucora has a 1-year low of $16.65 and a 1-year high of $30.12. The stock’s 50-day moving average is $18.90 and its 200-day moving average is $24.02. The company has a market cap of $754.3 million and a price-to-earnings ratio of 27.98.
Blucora (NASDAQ:BCOR) last released its earnings data on Thursday, May 1st. The company reported $1.12 earnings per share (EPS) for the quarter, beating the analysts’ consensus estimate of $1.03 by $0.09. The company had revenue of $216.20 million for the quarter, compared to the consensus estimate of $216.98 million. During the same quarter last year, the company posted $0.95 earnings per share. Blucora’s revenue was up 30.8% compared to the same quarter last year. On average, analysts predict that Blucora will post $2.11 earnings per share for the current fiscal year.
A number of research firms have recently commented on BCOR. Analysts at Jefferies Group cut their price target on shares of Blucora from $25.00 to $22.00 in a research note on Friday, May 2nd. Separately, analysts at Benchmark Co. reiterated a “buy” rating on shares of Blucora in a research note on Friday, May 2nd. They now have a $29.00 price target on the stock. Finally, analysts at Craig Hallum downgraded shares of Blucora from a “buy” rating to a “hold” rating in a research note on Friday, May 2nd. Two research analysts have rated the stock with a hold rating and three have given a buy rating to the company’s stock. Blucora presently has a consensus rating of “Buy” and a consensus price target of $29.48.
Blucora, Inc, formerly InfoSpace, Inc, is a provider of online solutions for consumers and business partners.
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