Shares of Blucora Inc. (NASDAQ:BCOR) have received an average rating of “Buy” from the six ratings firms that are presently covering the firm. One research analyst has rated the stock with a sell recommendation, one has issued a hold recommendation and four have given a buy recommendation to the company. The average 1 year price target among analysts that have issued ratings on the stock in the last year is $11.13.
Separately, Zacks Investment Research upgraded Blucora from a “hold” rating to a “buy” rating and set a $11.00 target price on the stock in a research note on Friday, July 29th.
In other news, insider Joann Kintzel sold 3,538 shares of the firm’s stock in a transaction on Tuesday, July 5th. The stock was sold at an average price of $10.54, for a total transaction of $37,290.52. Following the transaction, the insider now owns 99,932 shares in the company, valued at $1,053,283.28. The sale was disclosed in a legal filing with the SEC, which is accessible through this link. Insiders own 10.40% of the company’s stock.
Several institutional investors have recently made changes to their positions in the stock. Nordea Investment Management AB bought a new stake in shares of Blucora during the second quarter worth $2,600,000. ClariVest Asset Management LLC bought a new stake in shares of Blucora during the second quarter worth $5,226,000. Louisiana State Employees Retirement System increased its stake in shares of Blucora by 0.5% in the second quarter. Louisiana State Employees Retirement System now owns 18,300 shares of the company’s stock worth $190,000 after buying an additional 100 shares during the last quarter. LaSalle Street Capital Management LLC bought a new stake in shares of Blucora during the second quarter worth $171,000. Finally, Fox Run Management L.L.C. bought a new stake in shares of Blucora during the second quarter worth $124,000. Hedge funds and other institutional investors own 77.83% of the company’s stock.
Shares of Blucora (NASDAQ:BCOR) traded down 0.62% during trading on Monday, reaching $11.13. 138,927 shares of the company were exchanged. The firm’s 50 day moving average is $10.81 and its 200 day moving average is $9.11. The firm’s market capitalization is $462.07 million. Blucora has a 1-year low of $4.69 and a 1-year high of $15.15.
Blucora (NASDAQ:BCOR) last issued its quarterly earnings results on Thursday, July 28th. The company reported $0.55 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.52 by $0.03. Blucora had a positive return on equity of 4.04% and a negative net margin of 15.85%. The company earned $120.10 million during the quarter, compared to the consensus estimate of $123.62 million. During the same period last year, the company earned $0.48 earnings per share. Blucora’s revenue was up 288.7% on a year-over-year basis. On average, equities analysts anticipate that Blucora will post $0.90 EPS for the current fiscal year.
Blucora Company Profile
Blucora, Inc is a provider of technology-enabled financial solutions to consumers, small business owners and tax professionals. The Company operates through two segments: the Wealth Management, which consists of the HD Vest, Inc (HD Vest) business, and the Tax Preparation, which consists of the TaxAct, Inc (TaxAct) business.
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