Shares of Blucora (NASDAQ:BCOR) hit a new 52-week high and low during trading on Friday . The company traded as low as $27.25 and last traded at $26.82, with a volume of 90947 shares traded. The stock had previously closed at $27.05.
A number of analysts recently commented on BCOR shares. Zacks Investment Research lowered Blucora from a “buy” rating to a “hold” rating in a report on Tuesday, December 26th. ValuEngine upgraded Blucora from a “hold” rating to a “buy” rating in a report on Sunday, December 31st. Benchmark reiterated a “buy” rating and set a $32.00 price target on shares of Blucora in a report on Friday, February 16th. TheStreet upgraded Blucora from a “c” rating to a “b” rating in a report on Thursday, February 15th. Finally, Barrington Research reiterated a “buy” rating on shares of Blucora in a report on Tuesday, April 3rd. One investment analyst has rated the stock with a sell rating, five have given a buy rating and one has issued a strong buy rating to the stock. The stock has an average rating of “Buy” and a consensus price target of $25.31.
The firm has a market capitalization of $1,266.68, a P/E ratio of 21.93, a price-to-earnings-growth ratio of 0.91 and a beta of -0.12. The company has a debt-to-equity ratio of 0.62, a current ratio of 1.92 and a quick ratio of 1.92.
Blucora (NASDAQ:BCOR) last issued its quarterly earnings results on Thursday, February 15th. The information services provider reported ($0.12) EPS for the quarter, topping the Zacks’ consensus estimate of ($0.25) by $0.13. Blucora had a return on equity of 11.22% and a net margin of 5.31%. The business had revenue of $97.85 million for the quarter, compared to analyst estimates of $91.99 million. During the same period last year, the company posted ($0.18) earnings per share. Blucora’s quarterly revenue was up 12.7% compared to the same quarter last year. equities analysts expect that Blucora will post 1.48 EPS for the current fiscal year.
In other Blucora news, insider John S. Clendening sold 35,517 shares of the firm’s stock in a transaction on Wednesday, April 18th. The stock was sold at an average price of $26.45, for a total value of $939,424.65. Following the completion of the sale, the insider now directly owns 633,993 shares of the company’s stock, valued at $16,769,114.85. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, insider John S. Clendening sold 28,800 shares of the firm’s stock in a transaction on Monday, February 26th. The stock was sold at an average price of $24.85, for a total value of $715,680.00. Following the completion of the sale, the insider now directly owns 645,548 shares of the company’s stock, valued at $16,041,867.80. The disclosure for this sale can be found here. Insiders sold 210,789 shares of company stock valued at $5,213,266 over the last three months. Company insiders own 14.10% of the company’s stock.
Large investors have recently added to or reduced their stakes in the business. US Bancorp DE increased its position in Blucora by 697.0% in the fourth quarter. US Bancorp DE now owns 8,185 shares of the information services provider’s stock worth $181,000 after buying an additional 7,158 shares during the last quarter. Landscape Capital Management L.L.C. purchased a new stake in Blucora in the fourth quarter worth $206,000. AMP Capital Investors Ltd purchased a new stake in Blucora in the third quarter worth $217,000. Ellington Management Group LLC purchased a new stake in Blucora in the fourth quarter worth $236,000. Finally, Investors Research Corp purchased a new stake in Blucora in the fourth quarter worth $248,000. 96.80% of the stock is owned by institutional investors and hedge funds.
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Blucora, Inc provides technology-enabled financial solutions to consumers, small business owners, and tax professionals in the United States. The company operates through two segments, Wealth Management and Tax Preparation. The Wealth Management segment offers an integrated platform of brokerage, investment advisory, and insurance services to financial advisors.
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