Blucora (NASDAQ:BCOR) was upgraded by analysts at TheStreet from a “c” rating to a “b” rating in a research note issued to investors on Thursday, February 15th.
Several other equities analysts also recently commented on BCOR. Benchmark reiterated a “buy” rating and issued a $32.00 price objective on shares of Blucora in a research note on Friday, February 16th. BidaskClub upgraded Blucora from a “sell” rating to a “hold” rating in a research note on Friday, February 2nd. ValuEngine upgraded Blucora from a “hold” rating to a “buy” rating in a research note on Sunday, December 31st. Finally, Zacks Investment Research downgraded Blucora from a “buy” rating to a “hold” rating in a research note on Tuesday, December 26th. Three investment analysts have rated the stock with a hold rating and four have issued a buy rating to the stock. Blucora presently has a consensus rating of “Buy” and an average price target of $27.50.
Blucora (NASDAQ:BCOR) traded up $0.15 during mid-day trading on Thursday, hitting $24.65. The stock had a trading volume of 366,601 shares, compared to its average volume of 401,344. The company has a market capitalization of $1,140.00, a price-to-earnings ratio of 176.07, a PEG ratio of 0.74 and a beta of -0.17. The company has a current ratio of 1.92, a quick ratio of 2.23 and a debt-to-equity ratio of 0.62. Blucora has a 52 week low of $15.30 and a 52 week high of $26.15.
In other Blucora news, insider John S. Clendening sold 77,750 shares of the stock in a transaction on Thursday, February 22nd. The stock was sold at an average price of $24.33, for a total transaction of $1,891,657.50. The transaction was disclosed in a filing with the SEC, which is accessible through this link. Also, CMO Mathieu Frederic Stevenson sold 33,572 shares of the stock in a transaction on Tuesday, February 20th. The stock was sold at an average price of $24.03, for a total value of $806,735.16. Following the sale, the chief marketing officer now owns 58,882 shares in the company, valued at approximately $1,414,934.46. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 146,472 shares of company stock worth $3,558,162. Company insiders own 14.10% of the company’s stock.
Several hedge funds have recently modified their holdings of the stock. MetLife Investment Advisors LLC purchased a new stake in shares of Blucora in the fourth quarter worth $449,000. Park West Asset Management LLC raised its position in shares of Blucora by 57.1% in the fourth quarter. Park West Asset Management LLC now owns 1,490,500 shares of the information services provider’s stock worth $32,940,000 after buying an additional 541,900 shares in the last quarter. Municipal Employees Retirement System of Michigan raised its position in shares of Blucora by 192.0% in the fourth quarter. Municipal Employees Retirement System of Michigan now owns 49,370 shares of the information services provider’s stock worth $1,091,000 after buying an additional 32,460 shares in the last quarter. Glenmede Trust Co. NA purchased a new stake in shares of Blucora in the fourth quarter worth $8,486,000. Finally, Harvest Capital Strategies LLC raised its position in shares of Blucora by 14.8% in the fourth quarter. Harvest Capital Strategies LLC now owns 516,646 shares of the information services provider’s stock worth $11,418,000 after buying an additional 66,646 shares in the last quarter. Institutional investors own 94.43% of the company’s stock.
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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