Shares of Blucora, Inc. (NASDAQ:BCOR) have received an average rating of “Buy” from the eight analysts that are currently covering the company, Marketbeat.com reports. Two investment analysts have rated the stock with a hold rating, three have assigned a buy rating and two have assigned a strong buy rating to the company. The average 1 year price target among analysts that have updated their coverage on the stock in the last year is $25.33.
Several equities analysts have recently commented on BCOR shares. Zacks Investment Research upgraded Blucora from a “hold” rating to a “buy” rating and set a $26.00 price target on the stock in a research note on Wednesday, August 2nd. TheStreet lowered Blucora from a “b-” rating to a “c” rating in a research note on Monday, October 30th. ValuEngine lowered Blucora from a “buy” rating to a “hold” rating in a research note on Friday, July 28th. Barrington Research lifted their target price on Blucora from $23.00 to $28.00 and gave the company an “outperform” rating in a research note on Friday, July 28th. Finally, BidaskClub upgraded Blucora from a “buy” rating to a “strong-buy” rating in a research note on Saturday, August 12th.
Shares of Blucora (NASDAQ BCOR) traded down $0.35 during trading on Thursday, hitting $19.95. The stock had a trading volume of 386,009 shares, compared to its average volume of 503,047. The stock has a market capitalization of $920.21, a price-to-earnings ratio of 15.71, a P/E/G ratio of 0.88 and a beta of -0.27. The company has a debt-to-equity ratio of 0.65, a quick ratio of 2.23 and a current ratio of 2.23. Blucora has a 1 year low of $13.40 and a 1 year high of $26.15.
Blucora (NASDAQ:BCOR) last announced its quarterly earnings results on Thursday, October 26th. The information services provider reported ($0.12) EPS for the quarter, beating the consensus estimate of ($0.19) by $0.07. The firm 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 business’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) earnings per share. research analysts forecast that Blucora will post 1.14 earnings per share for the current year.
A number of institutional investors and hedge funds have recently bought and sold shares of BCOR. Vanguard Group Inc. grew its stake in Blucora by 28.0% in 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 purchasing an additional 1,013,363 shares during the last quarter. Arrowstreet Capital Limited Partnership grew its stake in Blucora by 996.3% in 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 purchasing an additional 449,328 shares during the last quarter. Renaissance Technologies LLC grew its stake in Blucora by 36.2% in 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 purchasing an additional 429,600 shares during the last quarter. JPMorgan Chase & Co. grew its stake in Blucora by 304.4% in the second quarter. JPMorgan Chase & Co. now owns 517,475 shares of the information services provider’s stock valued at $10,971,000 after purchasing an additional 389,529 shares during the last quarter. Finally, Prudential Financial Inc. grew its stake in Blucora by 156.6% in the second quarter. Prudential Financial Inc. now owns 596,093 shares of the information services provider’s stock valued at $12,638,000 after purchasing an additional 363,809 shares during the last quarter. Institutional investors own 87.33% of the company’s stock.
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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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