Blucora (NASDAQ:BCOR) Lowered to “Buy” at BidaskClub

BidaskClub downgraded shares of Blucora (NASDAQ:BCOR) from a strong-buy rating to a buy rating in a research report sent to investors on Saturday morning, BidAskClub reports.

Several other equities analysts also recently issued reports on BCOR. Zacks Investment Research upgraded Blucora from a sell rating to a hold rating in a research report on Tuesday, January 7th. ValuEngine upgraded Blucora from a sell rating to a hold rating in a research report on Wednesday, October 2nd. TheStreet downgraded Blucora from a b- rating to a c rating in a research report on Wednesday, November 6th. Barrington Research set a $36.00 target price on Blucora and gave the stock a buy rating in a research report on Friday, October 11th. Finally, Craig Hallum cut their target price on Blucora from $40.00 to $30.00 and set an in-line rating for the company in a research report on Thursday, November 7th. Four analysts have rated the stock with a hold rating and two have given a buy rating to the company. The stock currently has a consensus rating of Hold and a consensus target price of $29.50.

NASDAQ:BCOR opened at $24.16 on Friday. The company has a current ratio of 1.84, a quick ratio of 1.84 and a debt-to-equity ratio of 0.61. The stock has a 50 day moving average of $24.83 and a 200-day moving average of $24.12. The firm has a market capitalization of $1.17 billion, a PE ratio of 15.89, a price-to-earnings-growth ratio of 0.64 and a beta of 0.77. Blucora has a 52 week low of $18.40 and a 52 week high of $37.17.

Blucora (NASDAQ:BCOR) last issued its quarterly earnings data on Wednesday, November 6th. The information services provider reported ($0.20) earnings per share (EPS) for the quarter, hitting the Thomson Reuters’ consensus estimate of ($0.20). The business had revenue of $149.00 million during the quarter, compared to the consensus estimate of $148.58 million. Blucora had a return on equity of 13.87% and a net margin of 2.22%. The business’s revenue was up 56.2% on a year-over-year basis. During the same period in the previous year, the firm posted ($0.09) earnings per share. As a group, analysts predict that Blucora will post 1.64 EPS for the current fiscal year.

In other Blucora news, CEO John S. Clendening sold 14,250 shares of the company’s stock in a transaction that occurred on Monday, December 16th. The stock was sold at an average price of $24.92, for a total value of $355,110.00. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Corporate insiders own 3.40% of the company’s stock.

Several large investors have recently made changes to their positions in the company. State of Tennessee Treasury Department lifted its position in shares of Blucora by 1.8% during the 3rd quarter. State of Tennessee Treasury Department now owns 38,292 shares of the information services provider’s stock valued at $829,000 after acquiring an additional 663 shares during the last quarter. California State Teachers Retirement System lifted its position in shares of Blucora by 1.2% during the 3rd quarter. California State Teachers Retirement System now owns 74,945 shares of the information services provider’s stock valued at $1,622,000 after acquiring an additional 895 shares during the last quarter. Gamco Investors INC. ET AL lifted its position in shares of Blucora by 5.7% during the 3rd quarter. Gamco Investors INC. ET AL now owns 18,554 shares of the information services provider’s stock valued at $402,000 after acquiring an additional 1,000 shares during the last quarter. Massachusetts Financial Services Co. MA lifted its position in shares of Blucora by 12.5% during the 3rd quarter. Massachusetts Financial Services Co. MA now owns 10,884 shares of the information services provider’s stock valued at $236,000 after acquiring an additional 1,213 shares during the last quarter. Finally, Metropolitan Life Insurance Co NY lifted its position in shares of Blucora by 12.6% during the 3rd quarter. Metropolitan Life Insurance Co NY now owns 16,516 shares of the information services provider’s stock valued at $357,000 after acquiring an additional 1,847 shares during the last quarter. Institutional investors own 94.38% of the company’s stock.

Blucora Company Profile

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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