Shares of Blucora Inc (NASDAQ:BCOR) have earned a consensus rating of “Hold” from the eight analysts that are presently covering the firm, MarketBeat Ratings reports. One analyst has rated the stock with a sell recommendation, two have assigned a hold recommendation and four have issued a buy recommendation on the company. The average 12-month target price among brokerages that have covered the stock in the last year is $29.00.
A number of research analysts have weighed in on BCOR shares. ValuEngine upgraded Blucora from a “hold” rating to a “buy” rating in a report on Sunday, December 31st. Benchmark restated a “buy” rating and issued a $30.00 price objective on shares of Blucora in a report on Monday, November 20th. TheStreet lowered Blucora from a “b-” rating to a “c” rating in a report on Monday, October 30th. Zacks Investment Research lowered Blucora from a “buy” rating to a “hold” rating in a report on Thursday, September 28th. Finally, BidaskClub upgraded Blucora from a “strong sell” rating to a “sell” rating in a report on Saturday, December 16th.
Several hedge funds and other institutional investors have recently bought and sold shares of BCOR. Vanguard Group Inc. raised 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. Arrowstreet Capital Limited Partnership raised its holdings in shares of Blucora by 996.3% during the 2nd quarter. Arrowstreet Capital Limited Partnership now owns 494,428 shares of the information services provider’s stock worth $10,482,000 after acquiring an additional 449,328 shares during the period. Renaissance Technologies LLC raised 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. JPMorgan Chase & Co. raised its holdings in shares of Blucora by 304.4% during the 2nd quarter. JPMorgan Chase & Co. now owns 517,475 shares of the information services provider’s stock worth $10,971,000 after acquiring an additional 389,529 shares during the period. Finally, Prudential Financial Inc. raised its holdings in shares of Blucora by 156.6% during the 2nd quarter. Prudential Financial Inc. now owns 596,093 shares of the information services provider’s stock worth $12,638,000 after acquiring an additional 363,809 shares during the period. Institutional investors and hedge funds own 90.58% of the company’s stock.
Blucora (NASDAQ:BCOR) last announced its quarterly earnings data on Thursday, October 26th. The information services provider reported ($0.12) earnings per share for the quarter, beating analysts’ consensus estimates of ($0.19) by $0.07. The company had revenue of $90.20 million for the quarter, compared to analyst estimates of $89.72 million. Blucora had a positive return on equity of 11.94% and a negative net margin of 0.46%. The firm’s revenue for the quarter was up 8.4% on a year-over-year basis. During the same quarter last year, the firm posted ($0.24) EPS. equities research analysts predict that Blucora will post 1.14 earnings per share for the current year.
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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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