BidaskClub Downgrades Blucora (BCOR) to Sell

BidaskClub downgraded shares of Blucora (NASDAQ:BCOR) from a hold rating to a sell rating in a report issued on Thursday.

A number of other equities research analysts have also recently issued reports on BCOR. Zacks Investment Research cut shares of Blucora from a buy rating to a hold rating in a report on Thursday, September 28th. TheStreet cut shares of Blucora from a b- rating to a c rating in a report on Monday, October 30th. ValuEngine upgraded shares of Blucora from a hold rating to a buy rating in a report on Sunday, December 31st. Finally, Benchmark reiterated a buy rating and issued a $30.00 price objective on shares of Blucora in a report on Monday, November 20th. One research analyst has rated the stock with a sell rating, two have issued a hold rating and four have given a buy rating to the company. The company currently has a consensus rating of Hold and an average price target of $27.00.

Shares of Blucora (NASDAQ BCOR) opened at $24.05 on Thursday. The stock has a market cap of $1,110.00, a price-to-earnings ratio of 801.67, a P/E/G ratio of 0.73 and a beta of -0.32. Blucora has a fifty-two week low of $14.25 and a fifty-two week 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.

A number of large investors have recently modified their holdings of the stock. Nationwide Fund Advisors boosted its holdings in Blucora by 1.8% in the second quarter. Nationwide Fund Advisors now owns 32,020 shares of the information services provider’s stock worth $679,000 after purchasing an additional 556 shares in the last quarter. Teachers Advisors LLC boosted its holdings in Blucora by 1.0% in the second quarter. Teachers Advisors LLC now owns 74,603 shares of the information services provider’s stock worth $1,582,000 after purchasing an additional 717 shares in the last quarter. Voya Investment Management LLC boosted its holdings in Blucora by 7.1% in the second quarter. Voya Investment Management LLC now owns 20,708 shares of the information services provider’s stock worth $439,000 after purchasing an additional 1,379 shares in the last quarter. California Public Employees Retirement System boosted its holdings in Blucora by 3.2% in the second quarter. California Public Employees Retirement System now owns 51,400 shares of the information services provider’s stock worth $1,090,000 after purchasing an additional 1,600 shares in the last quarter. Finally, The Manufacturers Life Insurance Company boosted its holdings in Blucora by 5.9% in the second quarter. The Manufacturers Life Insurance Company now owns 31,995 shares of the information services provider’s stock worth $678,000 after purchasing an additional 1,773 shares in the last quarter. Hedge funds and other institutional investors own 90.58% 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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