Blucora (NASDAQ:BCOR) Earns “Buy” Rating from Barrington Research

Barrington Research reaffirmed their buy rating on shares of Blucora (NASDAQ:BCOR) in a research note issued to investors on Thursday, AnalystRatings.com reports. The brokerage currently has a $36.00 price target on the information services provider’s stock.

A number of other brokerages have also weighed in on BCOR. BidaskClub lowered Blucora from a buy rating to a hold rating in a research report on Friday, January 17th. Craig Hallum lowered their target price on Blucora from $40.00 to $30.00 and set an in-line rating on the stock in a research report on Thursday, November 7th. TheStreet lowered Blucora from a b- rating to a c rating in a research report on Wednesday, November 6th. JPMorgan Chase & Co. lowered Blucora from an overweight rating to a neutral rating and lowered their target price for the stock from $30.00 to $28.00 in a research report on Monday, January 13th. Finally, Zacks Investment Research raised Blucora from a sell rating to a hold rating in a research report on Tuesday, January 7th. Five investment analysts have rated the stock with a hold rating and one has issued a buy rating to the company’s stock. The stock has a consensus rating of Hold and an average price target of $29.50.

Shares of NASDAQ:BCOR traded up $0.07 during trading on Thursday, reaching $22.75. 246,714 shares of the stock were exchanged, compared to its average volume of 352,470. The company has a debt-to-equity ratio of 0.61, a current ratio of 1.84 and a quick ratio of 1.84. Blucora has a 1-year low of $18.40 and a 1-year high of $37.17. The stock has a fifty day moving average of $24.06 and a two-hundred day moving average of $23.15. The firm has a market cap of $1.08 billion, a price-to-earnings ratio of 108.33, a price-to-earnings-growth ratio of 0.58 and a beta of 0.78.

In related news, CEO John S. Clendening sold 14,250 shares of the company’s stock in a transaction on Monday, December 16th. The stock was sold at an average price of $24.92, for a total transaction of $355,110.00. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Corporate insiders own 3.40% of the company’s stock.

A number of institutional investors have recently made changes to their positions in BCOR. State of Tennessee Treasury Department grew its stake in Blucora by 1.8% in the 3rd quarter. State of Tennessee Treasury Department now owns 38,292 shares of the information services provider’s stock valued at $829,000 after purchasing an additional 663 shares during the period. California State Teachers Retirement System grew its stake in Blucora by 1.2% in the 3rd quarter. California State Teachers Retirement System now owns 74,945 shares of the information services provider’s stock valued at $1,622,000 after purchasing an additional 895 shares during the period. Bank of Montreal Can grew its stake in Blucora by 12.0% in the 4th quarter. Bank of Montreal Can now owns 9,014 shares of the information services provider’s stock valued at $235,000 after purchasing an additional 968 shares during the period. Gamco Investors INC. ET AL grew its stake in Blucora by 5.7% in the 3rd quarter. Gamco Investors INC. ET AL now owns 18,554 shares of the information services provider’s stock valued at $402,000 after purchasing an additional 1,000 shares during the period. Finally, Massachusetts Financial Services Co. MA grew its stake in Blucora by 12.5% in the 3rd quarter. Massachusetts Financial Services Co. MA now owns 10,884 shares of the information services provider’s stock valued at $236,000 after purchasing an additional 1,213 shares during the period. Institutional investors and hedge funds own 94.14% 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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