Blucora, Inc. (NASDAQ:BCOR)‘s stock had its “buy” rating reaffirmed by stock analysts at Benchmark Co. in a research report issued on Monday. They currently have a $30.00 target price on the information services provider’s stock. Benchmark Co.’s price objective points to a potential upside of 50.38% from the company’s previous close.
The analysts wrote, “We continue to highlight the following competitive advantages: 1) Homegrown advisors should keep yielding lower payout ratios (no battling in the economic rent department) and higher advisor retention; 2) Preexisting customer relationships via the tax channel should yield both stickier clients and the opportunity to justify fees and potentially upsell services; 3) Being best-in-breed should allow HD Vest to perfect its recruitment and transition processes with limited competition, driving significant scale benefits as the platform continues to ramp. We acknowledge that most of the Company’s initiatives will take more than 12 months to fully implement, especially with the switch to Fidelity unlikely to be fully implemented until 2H18, but would point out the support from over $614 million in year-to-date net AUM inflows, which should help sustain near-term growth in a mid-single digit range.””
Other equities analysts have also issued reports about the stock. BidaskClub raised shares of Blucora from a “buy” rating to a “strong-buy” rating in a research report on Saturday, August 12th. Zacks Investment Research raised shares of Blucora from a “hold” rating to a “buy” rating and set a $26.00 price objective on the stock in a research report on Wednesday, August 2nd. ValuEngine lowered shares of Blucora from a “buy” rating to a “hold” rating in a research report on Friday, July 28th. TheStreet lowered shares of Blucora from a “b-” rating to a “c” rating in a research report on Monday, October 30th. Finally, Barrington Research increased their price objective on shares of Blucora from $23.00 to $28.00 and gave the company an “outperform” rating in a research report on Friday, July 28th. Two research analysts have rated the stock with a hold rating, three have issued a buy rating and two have given a strong buy rating to the company. The stock has a consensus rating of “Buy” and an average price target of $27.00.
Blucora (NASDAQ:BCOR) opened at $19.95 on Monday. The firm has a market cap of $920.21, a PE ratio of 15.71, a PEG ratio of 0.88 and a beta of -0.27. Blucora has a 1 year low of $13.40 and a 1 year high of $26.15. The company has a debt-to-equity ratio of 0.65, a current ratio of 2.23 and a quick ratio of 2.23.
Blucora (NASDAQ:BCOR) last issued its quarterly earnings data on Thursday, October 26th. The information services provider reported ($0.12) earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of ($0.19) by $0.07. The company had revenue of $90.20 million for the quarter, compared to analyst estimates of $89.72 million. Blucora had a negative net margin of 0.46% and a positive return on equity of 11.94%. The company’s revenue was up 8.4% on a year-over-year basis. During the same period in the prior year, the firm earned ($0.24) earnings per share. sell-side analysts predict that Blucora will post 1.14 EPS for the current fiscal year.
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Several hedge funds have recently added to or reduced their stakes in BCOR. Sei Investments Co. grew its stake in shares of Blucora by 15,869.2% in the third quarter. Sei Investments Co. now owns 4,152 shares of the information services provider’s stock valued at $110,000 after acquiring an additional 4,126 shares in the last quarter. Robeco Institutional Asset Management B.V. acquired a new position in shares of Blucora in the third quarter valued at about $124,000. State of Alaska Department of Revenue grew its stake in shares of Blucora by 82.9% in the second quarter. State of Alaska Department of Revenue now owns 7,809 shares of the information services provider’s stock valued at $165,000 after acquiring an additional 3,539 shares in the last quarter. C M Bidwell & Associates Ltd. acquired a new position in shares of Blucora in the second quarter valued at about $179,000. Finally, Municipal Employees Retirement System of Michigan grew its stake in shares of Blucora by 7.1% in the second quarter. Municipal Employees Retirement System of Michigan now owns 9,340 shares of the information services provider’s stock valued at $198,000 after acquiring an additional 620 shares in the last quarter. Institutional investors and hedge funds own 87.33% of the company’s stock.
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 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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