BLUCORA INC Common Stock (BCOR) Upgraded at BidaskClub

BLUCORA INC Common Stock (NASDAQ:BCOR) was upgraded by stock analysts at BidaskClub from a “sell” rating to a “hold” rating in a report issued on Tuesday.

A number of other analysts also recently commented on the company. Zacks Investment Research upgraded BLUCORA INC Common Stock from a “hold” rating to a “buy” rating and set a $42.00 price objective for the company in a report on Tuesday, May 22nd. JPMorgan Chase & Co. initiated coverage on BLUCORA INC Common Stock in a report on Thursday, July 12th. They set a “neutral” rating and a $42.00 price objective for the company. Sidoti downgraded BLUCORA INC Common Stock from a “buy” rating to a “neutral” rating in a report on Friday, June 8th. Barrington Research upped their price objective on BLUCORA INC Common Stock from $30.00 to $40.00 and gave the stock an “outperform” rating in a report on Tuesday, May 15th. Finally, Craig Hallum set a $35.00 price target on BLUCORA INC Common Stock and gave the company a “buy” rating in a report on Thursday, May 10th. Three equities research analysts have rated the stock with a hold rating, five have assigned a buy rating and one has issued a strong buy rating to the company’s stock. The company presently has a consensus rating of “Buy” and a consensus target price of $37.71.

BCOR stock opened at $36.05 on Tuesday. The firm has a market cap of $1.72 billion, a PE ratio of 29.55, a PEG ratio of 1.28 and a beta of -0.14. The company has a debt-to-equity ratio of 0.41, a current ratio of 2.99 and a quick ratio of 2.99. BLUCORA INC Common Stock has a 52 week low of $19.05 and a 52 week high of $40.60.

BLUCORA INC Common Stock (NASDAQ:BCOR) last released its quarterly earnings data on Wednesday, August 1st. The information services provider reported $0.97 EPS for the quarter, topping analysts’ consensus estimates of $0.86 by $0.11. The business had revenue of $157.80 million during the quarter, compared to the consensus estimate of $154.46 million. BLUCORA INC Common Stock had a return on equity of 14.82% and a net margin of 13.31%. The business’s revenue for the quarter was up 13.4% on a year-over-year basis. During the same period in the prior year, the firm posted $0.70 EPS. analysts forecast that BLUCORA INC Common Stock will post 1.61 earnings per share for the current fiscal year.

In related news, insider John S. Clendening sold 79,000 shares of the stock in a transaction on Tuesday, July 17th. The stock was sold at an average price of $37.66, for a total value of $2,975,140.00. Following the completion of the sale, the insider now directly owns 672,564 shares in the company, valued at approximately $25,328,760.24. The sale was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. Also, Director H. Mcintyre Gardner sold 2,300 shares of the stock in a transaction on Friday, August 3rd. The shares were sold at an average price of $35.70, for a total value of $82,110.00. Following the completion of the sale, the director now owns 14,717 shares of the company’s stock, valued at $525,396.90. The disclosure for this sale can be found here. Over the last quarter, insiders sold 91,128 shares of company stock valued at $3,400,731. 2.91% of the stock is owned by insiders.

A number of hedge funds and other institutional investors have recently made changes to their positions in BCOR. Global X Management Co. LLC boosted its position in BLUCORA INC Common Stock by 86.5% in the 1st quarter. Global X Management Co. LLC now owns 51,641 shares of the information services provider’s stock valued at $1,270,000 after buying an additional 23,956 shares during the last quarter. Rhumbline Advisers boosted its position in BLUCORA INC Common Stock by 4.6% in the 1st quarter. Rhumbline Advisers now owns 109,320 shares of the information services provider’s stock valued at $2,689,000 after buying an additional 4,803 shares during the last quarter. Comerica Bank boosted its position in BLUCORA INC Common Stock by 4.5% in the 1st quarter. Comerica Bank now owns 49,345 shares of the information services provider’s stock valued at $1,335,000 after buying an additional 2,118 shares during the last quarter. SG Americas Securities LLC purchased a new position in BLUCORA INC Common Stock in the 1st quarter valued at about $119,000. Finally, Mackay Shields LLC purchased a new position in BLUCORA INC Common Stock in the 1st quarter valued at about $848,000. Hedge funds and other institutional investors own 94.12% of the company’s stock.

BLUCORA INC Common Stock 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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Analyst Recommendations for BLUCORA INC Common Stock (NASDAQ:BCOR)

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