Blucora (NASDAQ:BCOR) Rating Lowered to Hold at BidaskClub

BidaskClub lowered shares of Blucora (NASDAQ:BCOR) from a buy rating to a hold rating in a report released on Friday morning, BidAskClub reports.

BCOR has been the subject of several other reports. Craig Hallum dropped their price objective on Blucora from $40.00 to $30.00 and set an in-line rating for the company in a research note on Thursday, November 7th. TheStreet lowered Blucora from a b- rating to a c rating in a research note on Wednesday, November 6th. Barrington Research set a $36.00 price objective on Blucora and gave the stock a buy rating in a research note on Friday, October 11th. Zacks Investment Research upgraded Blucora from a sell rating to a hold rating in a research note on Tuesday, January 7th. Finally, ValuEngine upgraded Blucora from a sell rating to a hold rating in a research note on Wednesday, October 2nd. Five investment analysts have rated the stock with a hold rating and one has issued a buy rating to the stock. The company has an average rating of Hold and an average price target of $29.50.

Blucora stock opened at $23.31 on Friday. The company has a debt-to-equity ratio of 0.61, a current ratio of 1.84 and a quick ratio of 1.84. The stock has a fifty day moving average price of $24.83 and a two-hundred day moving average price of $23.92. Blucora has a 52-week low of $18.40 and a 52-week high of $37.17. The firm has a market capitalization of $1.14 billion, a P/E ratio of 111.00, a P/E/G ratio of 0.61 and a beta of 0.77.

Blucora (NASDAQ:BCOR) last released its quarterly earnings data on Wednesday, November 6th. The information services provider reported ($0.20) earnings per share (EPS) for the quarter, hitting the consensus estimate of ($0.20). Blucora had a return on equity of 13.87% and a net margin of 2.22%. The firm had revenue of $149.00 million during the quarter, compared to analyst estimates of $148.58 million. During the same period in the prior year, the company posted ($0.09) earnings per share. The business’s revenue for the quarter was up 56.2% compared to the same quarter last year. On average, equities research analysts predict that Blucora will post 1.64 EPS for the current fiscal year.

In other news, CEO John S. Clendening sold 14,250 shares of the firm’s stock in a transaction on Monday, December 16th. The stock was sold at an average price of $24.92, for a total value of $355,110.00. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Company insiders own 3.40% of the company’s stock.

Several large investors have recently made changes to their positions in BCOR. Morgan Stanley increased its stake in shares of Blucora by 274.6% in the second quarter. Morgan Stanley now owns 381,696 shares of the information services provider’s stock valued at $11,592,000 after buying an additional 279,805 shares in the last quarter. Nuveen Asset Management LLC acquired a new stake in shares of Blucora in the second quarter valued at $7,207,000. FMR LLC increased its stake in shares of Blucora by 47.3% in the first quarter. FMR LLC now owns 670,352 shares of the information services provider’s stock valued at $22,376,000 after buying an additional 215,375 shares in the last quarter. BlackRock Inc. increased its stake in shares of Blucora by 2.8% in the second quarter. BlackRock Inc. now owns 7,103,096 shares of the information services provider’s stock valued at $215,722,000 after buying an additional 192,034 shares in the last quarter. Finally, Invesco Ltd. increased its stake in shares of Blucora by 73.0% in the second quarter. Invesco Ltd. now owns 450,579 shares of the information services provider’s stock valued at $13,684,000 after buying an additional 190,191 shares in the last quarter. Institutional investors own 94.33% of the company’s stock.

Blucora Company Profile

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.

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