Insider Selling: Eric Michael Emans Unloads 11,000 Shares of Blucora Stock (BCOR)
Blucora (NASDAQ:BCOR) CFO Eric Michael Emans sold 11,000 shares of the stock in a transaction dated Tuesday, July 1st. The stock was sold at an average price of $19.00, for a total transaction of $209,000.00. Following the completion of the transaction, the chief financial officer now directly owns 62,238 shares in the company, valued at approximately $1,182,522. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link.
Several analysts have recently commented on the stock. Analysts at Zacks upgraded shares of Blucora from an “underperform” rating to a “neutral” rating in a research note on Wednesday. They now have a $19.40 price target on the stock. Finally, 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. Two research analysts have rated the stock with a hold rating and three have assigned a buy rating to the company’s stock. Blucora currently has a consensus rating of “Buy” and an average target price of $27.08.
Shares of Blucora (NASDAQ:BCOR) traded up 0.37% on Thursday, hitting $18.83. The stock had a trading volume of 232,049 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 $18.96 and a 200-day moving average of $21.57. The company has a market cap of $795.7 million and a price-to-earnings ratio of 30.75.
Blucora (NASDAQ:BCOR) last announced its earnings results on Thursday, May 1st. The company reported $1.12 earnings per share (EPS) for the quarter, beating the 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 previous year, the company posted $0.95 earnings per share. The company’s revenue for the quarter was up 30.8% on a year-over-year basis. On average, analysts predict that Blucora will post $2.11 earnings per share for the current fiscal year.
Blucora, Inc, formerly InfoSpace, Inc, is a provider of online solutions for consumers and business partners.