Blucora Reaches New 1-Year Low After Analyst Downgrade (BCOR)
Blucora (NASDAQ:BCOR) shares hit a new 52-week low during mid-day trading on Friday after Benchmark lowered their price target on the stock from $28.00 to $27.00, Stock Ratings News reports. The company traded as low as $15.42 and last traded at $15.49, with a volume of 1,776,162 shares changing hands. The stock had previously closed at $16.82.
A number of other firms have also recently commented on BCOR. Analysts at Wedbush cut their price target on shares of Blucora from $24.00 to $21.00 in a research note on Friday. Separately, analysts at Barrington Research reiterated a “buy” rating on shares of Blucora in a research note on Friday. Finally, analysts at Zacks reiterated a “buy” rating on shares of Blucora in a research note on Friday. They now have a $27.00 price target on the stock, down previously from $28.00. One research analyst has rated the stock with a hold rating and two have given a buy rating to the stock. The stock has a consensus rating of “Buy” and an average target price of $24.25.
The stock’s 50-day moving average is $17.78 and its 200-day moving average is $19.6. The company has a market cap of $666.0 million and a P/E ratio of 27.57.
Blucora (NASDAQ:BCOR) last issued its quarterly earnings data on Thursday, August 7th. The company reported $0.55 earnings per share for the quarter, beating the analysts’ consensus estimate of $0.48 by $0.07. The company had revenue of $141.60 million for the quarter, compared to the consensus estimate of $139.66 million. During the same quarter last year, the company posted $0.58 earnings per share. Blucora’s revenue was up 20.8% compared to the same quarter last year. Analysts expect that Blucora will post $2.10 EPS for the current fiscal year.
Blucora, Inc, formerly InfoSpace, Inc, is a provider of online solutions for consumers and business partners.
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