Blucora, Inc. (BCOR) Receives Average Rating of “Buy” from Brokerages

Blucora, Inc. (NASDAQ:BCOR) has received a consensus recommendation of “Buy” from the eight ratings firms that are covering the firm, Marketbeat Ratings reports. Two analysts have rated the stock with a hold recommendation, three have given a buy recommendation and two have given a strong buy recommendation to the company. The average 12 month price target among brokers that have covered the stock in the last year is $25.33.

A number of research analysts recently issued reports on the company. Zacks Investment Research upgraded Blucora from a “hold” rating to a “strong-buy” rating and set a $25.00 price target on the stock in a report on Wednesday, November 1st. ValuEngine downgraded Blucora from a “buy” rating to a “hold” rating in a report on Friday, July 28th. BidaskClub upgraded Blucora from a “buy” rating to a “strong-buy” rating in a report on Saturday, August 12th. Barrington Research boosted their price target on Blucora from $23.00 to $28.00 and gave the company an “outperform” rating in a report on Friday, July 28th. Finally, TheStreet downgraded Blucora from a “b-” rating to a “c” rating in a report on Monday, October 30th.

Shares of Blucora (BCOR) traded down $0.35 during trading hours on Thursday, reaching $19.20. The company had a trading volume of 252,000 shares, compared to its average volume of 454,192. Blucora has a 52 week low of $13.40 and a 52 week high of $26.15. The stock has a market cap of $936.36, a P/E ratio of 15.39, a PEG ratio of 0.86 and a beta of -0.27. The company has a debt-to-equity ratio of 0.65, a quick ratio of 2.23 and a current ratio of 2.23.

Blucora (NASDAQ:BCOR) last announced its quarterly earnings results on Thursday, October 26th. The information services provider reported ($0.12) earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of ($0.19) by $0.07. Blucora had a positive return on equity of 11.94% and a negative net margin of 0.46%. The company had revenue of $90.20 million for the quarter, compared to the consensus estimate of $89.72 million. During the same quarter in the previous year, the business earned ($0.24) EPS. Blucora’s revenue was up 8.4% compared to the same quarter last year. equities research analysts anticipate that Blucora will post 1.14 earnings per share for the current fiscal year.

Several hedge funds have recently bought and sold shares of the business. Louisiana State Employees Retirement System grew its holdings in shares of Blucora by 1.9% during the 2nd quarter. Louisiana State Employees Retirement System now owns 16,100 shares of the information services provider’s stock worth $341,000 after acquiring an additional 300 shares during the period. Arizona State Retirement System grew its holdings in shares of Blucora by 2.0% during the 2nd quarter. Arizona State Retirement System now owns 20,617 shares of the information services provider’s stock worth $437,000 after acquiring an additional 400 shares during the period. Aperio Group LLC grew its holdings in shares of Blucora by 3.4% during the 2nd quarter. Aperio Group LLC now owns 13,594 shares of the information services provider’s stock worth $288,000 after acquiring an additional 453 shares during the period. Nationwide Fund Advisors grew its holdings in shares of Blucora by 1.8% during the 2nd quarter. Nationwide Fund Advisors now owns 32,020 shares of the information services provider’s stock worth $679,000 after acquiring an additional 556 shares during the period. Finally, Municipal Employees Retirement System of Michigan grew its holdings in shares of Blucora by 7.1% during the 2nd quarter. Municipal Employees Retirement System of Michigan now owns 9,340 shares of the information services provider’s stock worth $198,000 after acquiring an additional 620 shares during the period. Hedge funds and other institutional investors own 87.04% of the company’s stock.

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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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