Blucora Lowered to “Underperform” at Zacks (BCOR)
Blucora (NASDAQ:BCOR) was downgraded by Zacks from a “neutral” rating to an “underperform” rating in a research note issued to investors on Monday, American Banking and Market News reports. They currently have a $17.00 price target on the stock. Zacks‘s price target points to a potential downside of 8.55% from the stock’s previous close.
In other Blucora news, Director David Chung purchased 6,000 shares of Blucora stock in a transaction that occurred on Wednesday, May 7th. The stock was purchased at an average price of $17.40 per share, with a total value of $104,400.00. Following the completion of the acquisition, the director now directly owns 17,250 shares of the company’s stock, valued at approximately $300,150. The purchase was disclosed in a filing with the Securities & Exchange Commission, which is available at this link.
Shares of Blucora (NASDAQ:BCOR) traded up 3.74% on Monday, hitting $18.59. The stock had a trading volume of 710,464 shares. Blucora has a 52-week low of $16.65 and a 52-week high of $30.12. The stock has a 50-day moving average of $18.78 and a 200-day moving average of $23.87. The company has a market cap of $785.6 million and a P/E ratio of 29.38.
Blucora (NASDAQ:BCOR) last posted its quarterly earnings results on Thursday, May 1st. The company reported $1.12 EPS for the quarter, beating the Thomson Reuters 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 in the prior year, the company posted $0.95 earnings per share. The company’s quarterly revenue was up 30.8% on a year-over-year basis. Analysts expect that Blucora will post $2.11 EPS for the current fiscal year.
BCOR has been the subject of a number of other recent research reports. 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. One research analyst has rated the stock with a sell rating, one has issued a hold rating and three have given a buy rating to the stock. The company currently has an average rating of “Hold” and an average price target of $26.60.
Blucora, Inc, formerly InfoSpace, Inc, is a provider of online solutions for consumers and business partners.
To view Zacks’ full report, visit Zacks’ official website.
Get Analysts' Upgrades and Downgrades via Email - Stay on top of analysts' coverage with Analyst Ratings Network's FREE daily email newsletter that provides a concise list of analysts' upgrades and downgrades. Click here to register now.