Blucora Inc (NASDAQ:BCOR) saw a large increase in short interest in January. As of January 12th, there was short interest totalling 1,760,010 shares, an increase of 35.9% from the December 29th total of 1,295,415 shares. Based on an average daily trading volume, of 314,832 shares, the short-interest ratio is currently 5.6 days. Currently, 4.1% of the shares of the stock are sold short.
Hedge funds and other institutional investors have recently made changes to their positions in the company. Harvest Capital Strategies LLC increased its holdings in Blucora by 14.8% in the fourth quarter. Harvest Capital Strategies LLC now owns 516,646 shares of the information services provider’s stock valued at $11,418,000 after buying an additional 66,646 shares during the last quarter. Teachers Advisors LLC increased its holdings in Blucora by 6.3% in the fourth quarter. Teachers Advisors LLC now owns 79,718 shares of the information services provider’s stock valued at $1,762,000 after buying an additional 4,712 shares during the last quarter. Teachers Retirement System of The State of Kentucky increased its holdings in Blucora by 453.0% in the fourth quarter. Teachers Retirement System of The State of Kentucky now owns 45,350 shares of the information services provider’s stock valued at $1,002,000 after buying an additional 37,150 shares during the last quarter. Ellington Management Group LLC purchased a new position in Blucora in the fourth quarter valued at $236,000. Finally, Goldman Sachs Group Inc. increased its holdings in Blucora by 17.7% in the fourth quarter. Goldman Sachs Group Inc. now owns 743,835 shares of the information services provider’s stock valued at $16,438,000 after buying an additional 111,971 shares during the last quarter. Institutional investors and hedge funds own 89.82% of the company’s stock.
Shares of Blucora (NASDAQ BCOR) opened at $23.50 on Thursday. The stock has a market capitalization of $1,080.00, a price-to-earnings ratio of 783.33, a PEG ratio of 0.69 and a beta of -0.17. 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 has a 52 week low of $14.30 and a 52 week high of $26.15.
Several equities research analysts have commented on the company. BidaskClub upgraded Blucora from a “sell” rating to a “hold” rating in a research note on Friday, February 2nd. ValuEngine upgraded Blucora from a “hold” rating to a “buy” rating in a research report on Sunday, December 31st. Zacks Investment Research lowered Blucora from a “buy” rating to a “hold” rating in a research report on Tuesday, December 26th. Benchmark restated a “buy” rating and set a $30.00 price target on shares of Blucora in a research note on Monday, November 20th. Finally, TheStreet cut Blucora from a “b-” rating to a “c” rating in a research note on Monday, October 30th. Three research analysts have rated the stock with a hold rating and four have assigned a buy rating to the stock. The stock currently has an average rating of “Buy” and an average target price of $27.00.
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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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