Blucora, Inc. (NASDAQ:BCOR) has been assigned an average rating of “Buy” from the eight ratings firms that are presently covering the stock, MarketBeat.com reports. One research analyst has rated the stock with a sell recommendation, two have assigned a hold recommendation, three have given a buy recommendation and one has assigned a strong buy recommendation to the company. The average 12-month target price among analysts that have covered the stock in the last year is $27.67.

BCOR has been the topic of a number of recent analyst reports. Benchmark restated a “buy” rating and set a $30.00 target price on shares of Blucora in a research note on Monday, November 20th. TheStreet cut shares of Blucora from a “b-” rating to a “c” rating in a research note on Monday, October 30th. Zacks Investment Research cut shares of Blucora from a “buy” rating to a “hold” rating in a research note on Thursday, September 28th. Finally, BidaskClub cut shares of Blucora from a “sell” rating to a “strong sell” rating in a research note on Wednesday, December 6th.

Shares of Blucora (NASDAQ:BCOR) traded up $1.35 during trading hours on Monday, hitting $21.55. 695,096 shares of the stock traded hands, compared to its average volume of 451,480. Blucora has a 52-week low of $14.25 and a 52-week high of $26.15. The company has a market cap of $950.20, a PE ratio of 15.91, a PEG ratio of 0.89 and a beta of -0.32. The company has a quick ratio of 2.23, a current ratio of 2.23 and a debt-to-equity ratio of 0.65.

Blucora (NASDAQ:BCOR) last released its earnings results on Thursday, October 26th. The information services provider reported ($0.12) EPS for the quarter, topping analysts’ consensus estimates of ($0.19) by $0.07. Blucora had a negative net margin of 0.46% and a positive return on equity of 11.94%. The company had revenue of $90.20 million for the quarter, compared to analysts’ expectations of $89.72 million. During the same quarter last year, the business earned ($0.24) EPS. The firm’s revenue was up 8.4% compared to the same quarter last year. equities analysts forecast that Blucora will post 1.14 earnings per share for the current year.

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in BCOR. Vanguard Group Inc. raised its position in shares of Blucora by 28.0% during the second quarter. Vanguard Group Inc. now owns 4,629,622 shares of the information services provider’s stock valued at $98,148,000 after buying an additional 1,013,363 shares during the last quarter. Arrowstreet Capital Limited Partnership raised its position in shares of Blucora by 996.3% during the second quarter. Arrowstreet Capital Limited Partnership now owns 494,428 shares of the information services provider’s stock valued at $10,482,000 after buying an additional 449,328 shares during the last quarter. Renaissance Technologies LLC raised its position in shares of Blucora by 36.2% during the second quarter. Renaissance Technologies LLC now owns 1,615,200 shares of the information services provider’s stock valued at $34,242,000 after buying an additional 429,600 shares during the last quarter. JPMorgan Chase & Co. raised its position in shares of Blucora by 304.4% during the second quarter. JPMorgan Chase & Co. now owns 517,475 shares of the information services provider’s stock valued at $10,971,000 after buying an additional 389,529 shares during the last quarter. Finally, Prudential Financial Inc. raised its position in shares of Blucora by 156.6% during the second quarter. Prudential Financial Inc. now owns 596,093 shares of the information services provider’s stock valued at $12,638,000 after buying an additional 363,809 shares during the last quarter. Institutional investors own 90.73% of the company’s stock.

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About Blucora

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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