Blucora (NASDAQ:BCOR) was upgraded by BidaskClub from a “strong sell” rating to a “sell” rating in a research note issued on Saturday.

A number of other research analysts have also issued reports on the stock. Benchmark restated a “buy” rating and issued a $30.00 target price on shares of Blucora in a report on Monday, November 20th. Zacks Investment Research upgraded shares of Blucora from a “hold” rating to a “strong-buy” rating and set a $25.00 target price on the stock in a report on Wednesday, November 1st. Finally, TheStreet lowered shares of Blucora from a “b-” rating to a “c” rating in a report on Monday, October 30th. One equities research analyst has rated the stock with a sell rating, two have assigned a hold rating, three have issued a buy rating and one has given a strong buy rating to the company’s stock. The stock presently has an average rating of “Buy” and a consensus target price of $27.00.

Shares of Blucora (NASDAQ:BCOR) opened at $22.55 on Friday. The company has a market cap of $1,024.00, a PE ratio of 17.48, a P/E/G ratio of 0.97 and a beta of -0.32. Blucora has a 12 month low of $14.25 and a 12 month high of $26.15. 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 issued its quarterly earnings data on Thursday, October 26th. The information services provider reported ($0.12) EPS for the quarter, beating the Zacks’ consensus estimate of ($0.19) by $0.07. The firm had revenue of $90.20 million for the quarter, compared to analysts’ expectations of $89.72 million. Blucora had a negative net margin of 0.46% and a positive return on equity of 11.94%. The firm’s revenue was up 8.4% on a year-over-year basis. During the same period in the prior year, the company earned ($0.24) EPS. equities analysts anticipate that Blucora will post 1.14 earnings per share for the current year.

A number of large investors have recently added to or reduced their stakes in the business. BlackRock Inc. lifted its holdings in shares of Blucora by 0.6% during the 2nd quarter. BlackRock Inc. now owns 4,950,094 shares of the information services provider’s stock worth $104,942,000 after acquiring an additional 28,279 shares during the period. Vanguard Group Inc. lifted its holdings in shares of Blucora by 28.0% during the 2nd quarter. Vanguard Group Inc. now owns 4,629,622 shares of the information services provider’s stock worth $98,148,000 after acquiring an additional 1,013,363 shares during the period. Numeric Investors LLC lifted its holdings in shares of Blucora by 9.0% during the 2nd quarter. Numeric Investors LLC now owns 1,630,726 shares of the information services provider’s stock worth $34,571,000 after acquiring an additional 134,700 shares during the period. Renaissance Technologies LLC lifted its holdings in shares of Blucora by 36.2% during the 2nd quarter. Renaissance Technologies LLC now owns 1,615,200 shares of the information services provider’s stock worth $34,242,000 after acquiring an additional 429,600 shares during the period. Finally, State Street Corp lifted its holdings in shares of Blucora by 10.9% during the 2nd quarter. State Street Corp now owns 1,036,771 shares of the information services provider’s stock worth $21,978,000 after acquiring an additional 101,504 shares during the period. Institutional investors own 90.73% of the company’s stock.

COPYRIGHT VIOLATION NOTICE: “Blucora (BCOR) Upgraded to Sell at BidaskClub” was originally published by American Banking News and is owned by of American Banking News. If you are viewing this report on another website, it was stolen and republished in violation of US and international copyright laws. The legal version of this report can be viewed at https://www.americanbankingnews.com/2017/12/16/blucora-bcor-upgraded-to-sell-at-bidaskclub.html.

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.

Receive News & Ratings for Blucora Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Blucora and related companies with MarketBeat.com's FREE daily email newsletter.