Blucora (BCOR) Downgraded to Strong Sell at BidaskClub

Blucora (NASDAQ:BCOR) was downgraded by stock analysts at BidaskClub from a “sell” rating to a “strong sell” rating in a report issued on Wednesday.

BCOR has been the subject of a number of other research reports. Zacks Investment Research lowered shares of Blucora from a “buy” rating to a “hold” rating in a research note on Thursday, September 28th. Benchmark reaffirmed a “buy” rating and issued a $30.00 price objective on shares of Blucora in a research note on Monday, November 20th. Finally, TheStreet lowered shares of Blucora from a “b-” rating to a “c” rating in a research note on Monday, October 30th. One analyst has rated the stock with a sell rating, two have assigned a hold rating, three have assigned a buy rating and one has given a strong buy rating to the company. The company currently has an average rating of “Buy” and an average price target of $27.00.

Shares of Blucora (NASDAQ BCOR) opened at $19.80 on Wednesday. The firm has a market cap of $938.66, a P/E ratio of 16.02, a P/E/G ratio of 0.89 and a beta of -0.32. Blucora has a 1-year low of $14.15 and a 1-year high of $26.15. The company has a current ratio of 2.23, a quick ratio of 2.23 and a debt-to-equity ratio of 0.65.

Blucora (NASDAQ:BCOR) last issued its earnings results on Thursday, October 26th. The information services provider reported ($0.12) earnings per share for the quarter, topping the Zacks’ consensus estimate of ($0.19) by $0.07. Blucora had a negative net margin of 0.46% and a positive return on equity of 11.94%. The firm had revenue of $90.20 million during the quarter, compared to analysts’ expectations of $89.72 million. During the same period last year, the firm posted ($0.24) earnings per share. The firm’s revenue for the quarter was up 8.4% compared to the same quarter last year. equities research analysts predict that Blucora will post 1.14 EPS for the current fiscal year.

Several large investors have recently modified their holdings of BCOR. Sei Investments Co. boosted 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 period. Robeco Institutional Asset Management B.V. acquired a new stake in shares of Blucora during the 3rd quarter valued at $124,000. C M Bidwell & Associates Ltd. acquired a new stake in shares of Blucora during the 2nd quarter valued at $179,000. Municipal Employees Retirement System of Michigan boosted its stake in shares of Blucora by 7.1% during the 2nd quarter. Municipal Employees Retirement System of Michigan now owns 9,340 shares of the information services provider’s stock valued at $198,000 after buying an additional 620 shares during the period. Finally, Trexquant Investment LP acquired a new stake in shares of Blucora during the 3rd quarter valued at $201,000. 89.31% of the stock is owned by institutional investors.

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About Blucora

Blucora, Inc is a provider of technology-enabled financial solutions to consumers, small business owners and tax professionals. The Company operates through the Wealth Management and Tax Preparation segments. The Company’s Wealth Management segment consists of HD Vest, which provides financial advisors with an integrated platform of brokerage, investment advisory and insurance services to assist in making each financial advisor a financial service center for his/her clients The Company’s Tax Preparation segment provides digital do-it-yourself (DDIY) tax preparation solutions for consumers, small business owners and tax professionals.

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