Blucora (NASDAQ:BCOR) Stock Rating Lowered by ValuEngine

ValuEngine downgraded shares of Blucora (NASDAQ:BCOR) from a buy rating to a hold rating in a report issued on Saturday, May 18th, ValuEngine reports.

BCOR has been the subject of a number of other reports. Zacks Investment Research raised Blucora from a hold rating to a strong-buy rating and set a $40.00 price objective for the company in a research report on Friday, April 26th. BidaskClub raised Blucora from a hold rating to a buy rating in a research report on Friday, January 25th. Finally, Barrington Research reiterated a buy rating on shares of Blucora in a report on Friday, February 1st. Two research analysts have rated the stock with a hold rating, two have given a buy rating and one has given a strong buy rating to the company. The stock currently has an average rating of Buy and an average target price of $42.00.

Shares of NASDAQ BCOR traded up $0.23 during trading hours on Friday, reaching $31.74. The stock had a trading volume of 206,209 shares, compared to its average volume of 250,868. The stock has a market cap of $1.54 billion, a PE ratio of 20.88, a price-to-earnings-growth ratio of 0.86 and a beta of 0.68. The company has a quick ratio of 2.43, a current ratio of 2.43 and a debt-to-equity ratio of 0.39. Blucora has a fifty-two week low of $23.83 and a fifty-two week high of $41.35.

Blucora (NASDAQ:BCOR) last announced its earnings results on Wednesday, May 8th. The information services provider reported $1.56 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.38 by $0.18. The firm had revenue of $225.80 million during the quarter, compared to analysts’ expectations of $224.95 million. Blucora had a return on equity of 16.14% and a net margin of 11.57%. The business’s revenue was up 9.6% on a year-over-year basis. During the same period in the prior year, the firm earned $1.20 EPS. Sell-side analysts anticipate that Blucora will post 1.85 earnings per share for the current year.

In other news, Director Mary Slagle Zappone sold 6,432 shares of Blucora stock in a transaction dated Tuesday, June 4th. The stock was sold at an average price of $31.52, for a total transaction of $202,736.64. Following the sale, the director now directly owns 33,864 shares of the company’s stock, valued at $1,067,393.28. The sale was disclosed in a filing with the SEC, which can be accessed through this hyperlink. Also, CEO Todd C. Mackay sold 7,267 shares of the business’s stock in a transaction dated Monday, April 1st. The shares were sold at an average price of $33.37, for a total value of $242,499.79. Following the completion of the sale, the chief executive officer now directly owns 43,939 shares of the company’s stock, valued at $1,466,244.43. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 98,865 shares of company stock worth $3,173,316. 3.40% of the stock is currently owned by insiders.

Hedge funds and other institutional investors have recently modified their holdings of the company. Marshall Wace North America L.P. bought a new stake in shares of Blucora in the first quarter valued at about $1,762,000. Marshall Wace LLP bought a new stake in shares of Blucora during the first quarter valued at approximately $1,230,000. FMR LLC grew its stake in shares of Blucora by 47.3% during the first quarter. FMR LLC now owns 670,352 shares of the information services provider’s stock valued at $22,376,000 after purchasing an additional 215,375 shares during the last quarter. Park West Asset Management LLC bought a new position in Blucora in the first quarter valued at approximately $10,014,000. Finally, One Wealth Advisors LLC boosted its stake in Blucora by 15.3% in the first quarter. One Wealth Advisors LLC now owns 8,690 shares of the information services provider’s stock valued at $290,000 after acquiring an additional 1,155 shares during the last quarter. Institutional investors and hedge funds own 95.46% 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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