Blucora (NASDAQ:BCOR) Rating Lowered to Strong Sell at BidaskClub

BidaskClub downgraded shares of Blucora (NASDAQ:BCOR) from a sell rating to a strong sell rating in a research report sent to investors on Saturday morning, BidAskClub reports.

Other equities research analysts have also issued reports about the company. ValuEngine raised Blucora from a sell rating to a hold rating in a research report on Friday, May 8th. TheStreet lowered Blucora from a c rating to a d rating in a research report on Wednesday, May 6th. Finally, Zacks Investment Research lowered Blucora from a buy rating to a sell rating in a report on Friday, May 1st. Two investment analysts have rated the stock with a sell rating, three have assigned a hold rating and one has given a buy rating to the company. The company currently has a consensus rating of Hold and a consensus target price of $27.25.

Shares of Blucora stock opened at $11.42 on Friday. Blucora has a 1 year low of $8.66 and a 1 year high of $30.96. The firm has a market cap of $524.44 million, a PE ratio of -1.66, a P/E/G ratio of 0.62 and a beta of 1.16. The stock has a fifty day moving average price of $12.16 and a 200-day moving average price of $17.06. The company has a debt-to-equity ratio of 1.27, a current ratio of 1.36 and a quick ratio of 1.36.

Blucora (NASDAQ:BCOR) last announced its earnings results on Wednesday, May 6th. The information services provider reported $0.90 earnings per share (EPS) for the quarter, missing the consensus estimate of $1.58 by ($0.68). Blucora had a negative net margin of 43.62% and a positive return on equity of 10.75%. The business had revenue of $263.32 million for the quarter, compared to analysts’ expectations of $274.99 million. During the same period in the prior year, the business earned $1.56 earnings per share. The company’s revenue for the quarter was up 16.6% compared to the same quarter last year. As a group, equities analysts anticipate that Blucora will post 1.12 EPS for the current fiscal year.

Institutional investors and hedge funds have recently made changes to their positions in the stock. Great West Life Assurance Co. Can purchased a new stake in Blucora in the 4th quarter worth about $1,522,000. Norges Bank purchased a new stake in Blucora in the 4th quarter worth about $17,298,000. Victory Capital Management Inc. boosted its stake in Blucora by 20.4% in the 4th quarter. Victory Capital Management Inc. now owns 8,499 shares of the information services provider’s stock worth $222,000 after purchasing an additional 1,441 shares during the period. BNP Paribas Arbitrage SA boosted its stake in Blucora by 35.9% in the 1st quarter. BNP Paribas Arbitrage SA now owns 20,591 shares of the information services provider’s stock worth $248,000 after purchasing an additional 5,436 shares during the period. Finally, Charles Schwab Investment Management Inc. boosted its stake in Blucora by 2.5% in the 4th quarter. Charles Schwab Investment Management Inc. now owns 297,909 shares of the information services provider’s stock worth $7,788,000 after purchasing an additional 7,289 shares during the period. 95.16% of the stock is owned by institutional investors.

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.

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