Blucora, Inc. (BCOR) Given Consensus Rating of “Buy” by Analysts
Blucora, Inc. (NASDAQ:BCOR) has been given a consensus rating of “Buy” by the seven research firms that are currently covering the company, MarketBeat Ratings reports. Two research analysts have rated the stock with a hold recommendation and four have issued a buy recommendation on the company. The average 1-year price objective among brokerages that have issued ratings on the stock in the last year is $25.67.
A number of research firms have commented on BCOR. Craig Hallum restated a “buy” rating on shares of Blucora in a research note on Thursday, May 4th. ValuEngine upgraded shares of Blucora from a “hold” rating to a “buy” rating in a research note on Friday, June 2nd. Zacks Investment Research upgraded shares of Blucora from a “hold” rating to a “buy” rating and set a $26.00 target price on the stock in a research note on Wednesday, August 2nd. Benchmark Co. raised their target price on shares of Blucora from $19.00 to $23.00 and gave the stock a “buy” rating in a research note on Friday, May 5th. Finally, Barrington Research raised their target price on shares of Blucora from $20.00 to $23.00 and gave the stock an “outperform” rating in a research note on Friday, May 5th.
In other Blucora news, Director Andrew Miles Snyder sold 79,030 shares of the firm’s stock in a transaction that occurred on Tuesday, May 16th. The shares were sold at an average price of $21.24, for a total transaction of $1,678,597.20. Following the sale, the director now owns 51,986 shares in the company, valued at approximately $1,104,182.64. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, CFO Eric Michael Emans sold 89,800 shares of the stock in a transaction that occurred on Monday, June 19th. The shares were sold at an average price of $21.65, for a total transaction of $1,944,170.00. Following the sale, the chief financial officer now directly owns 154,897 shares of the company’s stock, valued at $3,353,520.05. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 442,309 shares of company stock worth $9,316,936. 14.10% of the stock is owned by company insiders.
Large investors have recently made changes to their positions in the stock. Principal Financial Group Inc. raised its stake in shares of Blucora by 11.2% in the second quarter. Principal Financial Group Inc. now owns 328,857 shares of the information services provider’s stock worth $6,972,000 after buying an additional 33,244 shares during the period. IndexIQ Advisors LLC bought a new stake in shares of Blucora during the second quarter worth about $580,000. Neuberger Berman Group LLC bought a new stake in shares of Blucora during the second quarter worth about $2,077,000. Airain ltd raised its stake in shares of Blucora by 47.5% in the second quarter. Airain ltd now owns 55,966 shares of the information services provider’s stock worth $1,186,000 after buying an additional 18,017 shares during the period. Finally, Prudential Financial Inc. raised its stake in shares of Blucora by 156.6% in the second quarter. Prudential Financial Inc. now owns 596,093 shares of the information services provider’s stock worth $12,638,000 after buying an additional 363,809 shares during the period. 82.98% of the stock is owned by institutional investors and hedge funds.
Shares of Blucora (BCOR) remained flat at $22.90 during trading on Tuesday. 318,665 shares of the company were exchanged. Blucora has a 12 month low of $10.22 and a 12 month high of $24.00. The stock has a 50 day moving average of $21.24 and a 200-day moving average of $18.51. The stock’s market capitalization is $1.03 billion.
Blucora (NASDAQ:BCOR) last released its earnings results on Thursday, July 27th. The information services provider reported $0.70 EPS for the quarter, topping analysts’ consensus estimates of $0.66 by $0.04. Blucora had a negative net margin of 8.03% and a positive return on equity of 11.92%. The company had revenue of $139.20 million for the quarter, compared to analysts’ expectations of $136.07 million. During the same quarter last year, the business earned $0.55 EPS. The firm’s revenue was up 15.9% compared to the same quarter last year. Equities analysts forecast that Blucora will post $1.36 earnings per share for the current fiscal year.
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Blucora Company Profile
Blucora, Inc is a provider of technology-enabled financial solutions to consumers, small business owners and tax professionals. The Company operates through the Wealth Management and Tax Preparation segments. The Company’s Wealth Management segment consists of HD Vest, which provides financial advisors with an integrated platform of brokerage, investment advisory and insurance services to assist in making each financial advisor a financial service center for his/her clients The Company’s Tax Preparation segment provides digital do-it-yourself (DDIY) tax preparation solutions for consumers, small business owners and tax professionals.
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