Blucora Inc (NASDAQ:BCOR) CEO John S. Clendening sold 35,150 shares of the business’s stock in a transaction that occurred on Thursday, February 22nd. The shares were sold at an average price of $24.46, for a total value of $859,769.00. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this link.
Shares of Blucora Inc (NASDAQ:BCOR) remained flat at $$24.50 on Thursday. 319,259 shares of the company were exchanged, compared to its average volume of 401,194. Blucora Inc has a 1 year low of $15.30 and a 1 year high of $26.15. The firm has a market capitalization of $1,130.00, a price-to-earnings ratio of 175.00, a P/E/G ratio of 0.73 and a beta of -0.17. The company has a debt-to-equity ratio of 0.62, a current ratio of 1.92 and a quick ratio of 2.23.
Blucora (NASDAQ:BCOR) last announced its quarterly earnings data on Thursday, February 15th. The information services provider reported ($0.12) EPS for the quarter, beating the consensus estimate of ($0.25) by $0.13. Blucora had a net margin of 5.31% and a return on equity of 11.22%. The business had revenue of $97.85 million during the quarter, compared to the consensus estimate of $91.99 million. During the same period in the previous year, the business earned ($0.18) earnings per share. The company’s revenue was up 12.7% on a year-over-year basis. research analysts predict that Blucora Inc will post 1.65 earnings per share for the current year.
BCOR has been the subject of several recent research reports. TheStreet cut Blucora from a “b-” rating to a “c” rating in a research note on Monday, October 30th. ValuEngine upgraded Blucora from a “hold” rating to a “buy” rating in a research note on Sunday, December 31st. Zacks Investment Research downgraded shares of Blucora from a “buy” rating to a “hold” rating in a research report on Tuesday, December 26th. BidaskClub upgraded shares of Blucora from a “sell” rating to a “hold” rating in a research report on Friday, February 2nd. Finally, Benchmark restated a “buy” rating and set a $32.00 price objective on shares of Blucora in a research report on Friday, February 16th. Three investment analysts have rated the stock with a hold rating and four have given a buy rating to the company. Blucora presently has a consensus rating of “Buy” and an average price target of $27.50.
A number of institutional investors and hedge funds have recently made changes to their positions in BCOR. Sei Investments Co. raised its position in Blucora by 15,869.2% during the third quarter. Sei Investments Co. now owns 4,152 shares of the information services provider’s stock valued at $110,000 after purchasing an additional 4,126 shares in the last quarter. Robeco Institutional Asset Management B.V. acquired a new position in Blucora during the third quarter valued at approximately $124,000. US Bancorp DE raised its position in Blucora by 697.0% during the fourth quarter. US Bancorp DE now owns 8,185 shares of the information services provider’s stock valued at $181,000 after purchasing an additional 7,158 shares in the last quarter. Trexquant Investment LP acquired a new position in Blucora during the third quarter valued at approximately $201,000. Finally, Crossmark Global Holdings Inc. acquired a new position in shares of Blucora during the third quarter worth $204,000. Institutional investors and hedge funds own 94.43% 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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