Blucora (BCOR) Upgraded by BidaskClub to Sell

Blucora (NASDAQ:BCOR) was upgraded by stock analysts at BidaskClub from a “strong sell” rating to a “sell” rating in a research note issued on Saturday, December 16th.

A number of other brokerages also recently issued reports on BCOR. Benchmark reaffirmed a “buy” rating and set a $30.00 price target on shares of Blucora in a research report on Monday, November 20th. Zacks Investment Research raised Blucora from a “hold” rating to a “strong-buy” rating and set a $25.00 price target on the stock in a research report on Wednesday, November 1st. Finally, TheStreet downgraded Blucora from a “b-” rating to a “c” rating in a research report on Monday, October 30th. One research analyst has rated the stock with a sell rating, two have issued a hold rating and four have issued a buy rating to the company’s stock. The stock has an average rating of “Hold” and a consensus target price of $27.00.

Shares of Blucora (BCOR) traded up $0.40 during trading hours on Friday, reaching $23.10. 295,563 shares of the company were exchanged, compared to its average volume of 326,370. The company has a market capitalization of $1,070.00, a P/E ratio of 770.00, a price-to-earnings-growth ratio of 0.69 and a beta of -0.32. Blucora has a 52 week low of $14.25 and a 52 week high of $26.15. The company has a quick ratio of 2.23, a current ratio of 2.23 and a debt-to-equity ratio of 0.65.

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

A number of large investors have recently bought and sold shares of the business. Public Employees Retirement System of Ohio boosted its holdings in Blucora by 206.6% in the third quarter. Public Employees Retirement System of Ohio now owns 46,794 shares of the information services provider’s stock valued at $1,184,000 after purchasing an additional 31,531 shares during the last quarter. Insight Capital Research & Management Inc. purchased a new stake in shares of Blucora during the 3rd quarter worth about $3,004,000. Piedmont Investment Advisors LLC purchased a new stake in shares of Blucora during the 3rd quarter worth about $248,000. California Public Employees Retirement System boosted its stake in shares of Blucora by 17.5% during the 3rd quarter. California Public Employees Retirement System now owns 60,377 shares of the information services provider’s stock worth $1,528,000 after acquiring an additional 8,977 shares in the last quarter. Finally, Cubist Systematic Strategies LLC purchased a new stake in shares of Blucora during the 3rd quarter worth about $278,000. 90.58% of the stock is currently owned by institutional investors.

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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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