Analysts Set Blucora (BCOR) PT at $24.12

Shares of Blucora (NASDAQ:BCOR) have been given a consensus recommendation of “Buy” by the eight analysts that are currently covering the firm, MarketBeat.com reports. One analyst has rated the stock with a sell recommendation, five have issued a buy recommendation and one has given a strong buy recommendation to the company. The average twelve-month price objective among analysts that have issued ratings on the stock in the last year is $24.12.

BCOR has been the subject of a number of research analyst reports. TheStreet upgraded Blucora from a “c” rating to a “b” rating in a research note on Thursday, February 15th. ValuEngine upgraded Blucora from a “hold” rating to a “buy” rating in a research note on Wednesday, February 28th. Benchmark restated a “buy” rating and issued a $32.00 target price on shares of Blucora in a research note on Friday, February 16th. Barrington Research restated a “buy” rating on shares of Blucora in a research note on Tuesday, April 3rd. Finally, BidaskClub upgraded Blucora from a “hold” rating to a “buy” rating in a research note on Thursday, March 29th.

How to Become a New Pot Stock Millionaire

Shares of BCOR traded down $0.30 during midday trading on Friday, hitting $26.75. 193,261 shares of the company’s stock traded hands, compared to its average volume of 332,478. Blucora has a 1 year low of $17.00 and a 1 year high of $27.25. The company has a current ratio of 1.92, a quick ratio of 1.92 and a debt-to-equity ratio of 0.62. The firm has a market cap of $1,252.62, a PE ratio of 21.93, a P/E/G ratio of 0.90 and a beta of -0.12.



Blucora (NASDAQ:BCOR) last issued its quarterly earnings data on Thursday, February 15th. The information services provider reported ($0.12) EPS for the quarter, beating the consensus estimate of ($0.25) by $0.13. Blucora had a return on equity of 11.22% and a net margin of 5.31%. The firm had revenue of $97.85 million during the quarter, compared to analyst estimates of $91.99 million. During the same quarter in the prior year, the business posted ($0.18) EPS. The business’s revenue for the quarter was up 12.7% compared to the same quarter last year. research analysts forecast that Blucora will post 1.48 EPS for the current year.

In related news, CMO Mathieu Frederic Stevenson sold 33,572 shares of the firm’s 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 completion of the transaction, the chief marketing officer now owns 58,882 shares in the company, valued at approximately $1,414,934.46. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, insider John S. Clendening sold 35,517 shares of the firm’s stock in a transaction on Wednesday, April 18th. The stock was sold at an average price of $26.45, for a total value of $939,424.65. Following the completion of the transaction, the insider now owns 633,993 shares of the company’s stock, valued at approximately $16,769,114.85. The disclosure for this sale can be found here. Insiders sold a total of 210,789 shares of company stock valued at $5,213,266 in the last 90 days. 14.10% of the stock is currently owned by company insiders.

Several hedge funds and other institutional investors have recently added to or reduced their stakes in the business. American International Group Inc. raised its stake in shares of Blucora by 7.0% during the 4th quarter. American International Group Inc. now owns 35,450 shares of the information services provider’s stock valued at $783,000 after buying an additional 2,313 shares during the last quarter. California Public Employees Retirement System raised its stake in shares of Blucora by 4.9% during the 4th quarter. California Public Employees Retirement System now owns 63,306 shares of the information services provider’s stock valued at $1,399,000 after buying an additional 2,929 shares during the last quarter. Wedge Capital Management L L P NC raised its stake in shares of Blucora by 32.2% during the 4th quarter. Wedge Capital Management L L P NC now owns 13,471 shares of the information services provider’s stock valued at $298,000 after buying an additional 3,278 shares during the last quarter. Sei Investments Co. raised its stake in shares of Blucora by 15,869.2% during the 3rd quarter. Sei Investments Co. now owns 4,152 shares of the information services provider’s stock valued at $110,000 after buying an additional 4,126 shares during the last quarter. Finally, Teachers Advisors LLC raised its stake in shares of Blucora by 6.3% during the 4th quarter. Teachers Advisors LLC now owns 79,718 shares of the information services provider’s stock valued at $1,762,000 after buying an additional 4,712 shares during the last quarter. Institutional investors and hedge funds own 96.80% of the company’s stock.

TRADEMARK VIOLATION WARNING: This news story was published by StockNewsTimes and is owned by of StockNewsTimes. If you are viewing this news story on another website, it was illegally stolen and republished in violation of US & international copyright laws. The legal version of this news story can be accessed at https://stocknewstimes.com/2018/04/22/analysts-set-blucora-bcor-pt-at-24-12.html.

About Blucora

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.

Receive News & Ratings for Blucora Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Blucora and related companies with MarketBeat.com's FREE daily email newsletter.

Leave a Reply