The Blucora, Inc. (NASDAQ:BCOR) Given Consensus Rating of “Buy” by Analysts

The Blucora, Inc. (NASDAQ:BCOR) Given Consensus Rating of “Buy” by Analysts

Several analysts recently commented on the company. Craig Hallum reiterated a “buy” rating on shares of Blucora in a research report on Thursday, May 4th. ValuEngine cut Blucora from a “buy” rating to a “hold” rating in a research report on Friday, July 28th. Barrington Research boosted their price target on Blucora from $23.00 to $28.00 and gave the stock an “outperform” rating in a research report on Friday, July 28th. Zacks Investment Research upgraded Blucora from a “hold” rating to a “buy” rating and set a $26.00 price target for the company in a research report on Wednesday, August 2nd. Finally, Benchmark Co. boosted their price target on Blucora from $19.00 to $23.00 and gave the stock a “buy” rating in a research report on Friday, May 5th.

Blucora, Inc. (NASDAQ:BCOR) has received a consensus recommendation of “Buy” from the seven analysts that are presently covering the firm, MarketBeat reports. Two equities research analysts have rated the stock with a hold rating and four have assigned a buy rating to the company. The average 1-year price objective among brokerages that have issued ratings on the stock in the last year is $25.67.

Blucora (NASDAQ BCOR) remained flat at $22.90 on Tuesday. 318,665 shares of the company’s stock traded hands. The firm’s market cap is $1.03 billion. The firm has a 50-day moving average price of $21.24 and a 200-day moving average price of $18.51. Blucora has a one year low of $10.22 and a one year high of $24.00.

Blucora (NASDAQ:BCOR) last announced its earnings results on Thursday, July 27th. The information services provider reported $0.70 earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of $0.66 by $0.04. The business had revenue of $139.20 million during the quarter, compared to the consensus estimate of $136.07 million. Blucora had a positive return on equity of 11.92% and a negative net margin of 8.03%. The business’s quarterly revenue was up 15.9% on a year-over-year basis. During the same period in the prior year, the company posted $0.55 EPS. On average, equities research analysts predict that Blucora will post $1.36 EPS for the current year.

In other Blucora news, Director Andrew Miles Snyder sold 79,030 shares of the company’s stock in a transaction on Tuesday, May 16th. The stock was sold at an average price of $21.24, for a total value of $1,678,597.20. Following the completion of the sale, the director now directly owns 51,986 shares in the company, valued at approximately $1,104,182.64. The sale was disclosed in a document filed with the SEC, which can be accessed through this link. Also, Director Christopher William Walters sold 7,403 shares of the company’s stock in a transaction on Thursday, May 11th. The shares were sold at an average price of $21.13, for a total value of $156,425.39. Following the completion of the sale, the director now owns 32,407 shares of the company’s stock, valued at $684,759.91. The disclosure for this sale can be found here. Insiders have sold 442,309 shares of company stock valued at $9,316,936 over the last quarter. 14.10% of the stock is owned by company insiders.

Hedge funds have recently modified their holdings of the stock. Wellington Management Group LLP boosted its position in shares of Blucora by 2.3% in the first quarter. Wellington Management Group LLP now owns 5,386,552 shares of the information services provider’s stock valued at $93,187,000 after buying an additional 121,564 shares in the last quarter. Vanguard Group Inc. boosted its position in shares of Blucora by 8.0% in the first quarter. Vanguard Group Inc. now owns 3,616,259 shares of the information services provider’s stock valued at $62,562,000 after buying an additional 268,209 shares in the last quarter. Park West Asset Management LLC boosted its position in shares of Blucora by 0.6% in the first quarter. Park West Asset Management LLC now owns 2,000,000 shares of the information services provider’s stock valued at $34,600,000 after buying an additional 12,705 shares in the last quarter. First Trust Advisors LP boosted its position in shares of Blucora by 12.6% in the second quarter. First Trust Advisors LP now owns 1,994,802 shares of the information services provider’s stock valued at $42,290,000 after buying an additional 223,249 shares in the last quarter. Finally, Renaissance Technologies LLC boosted its position in shares of Blucora by 7.5% in the first quarter. Renaissance Technologies LLC now owns 1,185,600 shares of the information services provider’s stock valued at $20,511,000 after buying an additional 82,900 shares in the last quarter. Institutional investors own 82.98% of the company’s stock.

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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