Blucora Inc (BCOR) Receives Average Recommendation of “Buy” from Analysts
Shares of Blucora Inc (NASDAQ:BCOR) have received an average rating of “Buy” from the eight analysts that are presently covering the company, MarketBeat.com reports. Three analysts have rated the stock with a hold rating, three have given a buy rating and one has issued a strong buy rating on the company. The average twelve-month target price among brokerages that have issued a report on the stock in the last year is $25.50.
BCOR has been the topic of several research reports. Barrington Research lifted their price objective on shares of Blucora from $23.00 to $28.00 and gave the stock an “outperform” rating in a research report on Friday, July 28th. Zacks Investment Research raised shares of Blucora from a “hold” rating to a “buy” rating and set a $26.00 price objective on the stock in a research report on Wednesday, August 2nd. BidaskClub raised shares of Blucora from a “buy” rating to a “strong-buy” rating in a research report on Saturday, August 12th. Finally, ValuEngine lowered shares of Blucora from a “buy” rating to a “hold” rating in a research report on Friday, July 28th.
Shares of Blucora (NASDAQ:BCOR) traded up 0.40% during midday trading on Friday, hitting $25.05. 253,892 shares of the stock were exchanged. The firm’s 50 day moving average is $24.58 and its 200-day moving average is $21.68. The stock’s market capitalization is $1.13 billion. Blucora has a 1-year low of $10.98 and a 1-year high of $26.15.
Blucora (NASDAQ:BCOR) last announced its quarterly earnings data on Thursday, July 27th. The information services provider reported $0.70 EPS for the quarter, topping the consensus estimate of $0.66 by $0.04. The business had revenue of $139.20 million for the quarter, compared to analyst estimates of $136.07 million. Blucora had a net margin of 2.50% and a return on equity of 2.56%. The company’s revenue for the quarter was up 15.9% on a year-over-year basis. During the same quarter in the previous year, the firm posted $0.55 earnings per share. On average, analysts predict that Blucora will post $1.36 EPS for the current year.
A number of hedge funds have recently made changes to their positions in BCOR. Robeco Institutional Asset Management B.V. bought a new stake in Blucora in the third quarter worth about $124,000. Mason Street Advisors LLC raised its position in Blucora by 8.0% in the first quarter. Mason Street Advisors LLC now owns 9,054 shares of the information services provider’s stock worth $157,000 after acquiring an additional 667 shares during the period. State of Alaska Department of Revenue raised its position in shares of Blucora by 82.9% in the second quarter. State of Alaska Department of Revenue now owns 7,809 shares of the information services provider’s stock valued at $165,000 after purchasing an additional 3,539 shares during the period. C M Bidwell & Associates Ltd. bought a new stake in shares of Blucora in the second quarter valued at approximately $179,000. Finally, Two Sigma Securities LLC bought a new stake in shares of Blucora in the first quarter valued at approximately $180,000. 90.15% of the stock is currently owned by institutional investors and hedge funds.
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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