Blucora (BCOR) Lifted to “Sell” at BidaskClub

BidaskClub upgraded shares of Blucora (NASDAQ:BCOR) from a strong sell rating to a sell rating in a research report released on Saturday morning.

Other equities research analysts have also recently issued research reports about the stock. Benchmark restated a buy rating and issued a $30.00 price objective on shares of Blucora in a research report on Monday, November 20th. TheStreet cut shares of Blucora from a b- rating to a c rating in a research report on Monday, October 30th. Finally, Zacks Investment Research cut shares of Blucora from a buy rating to a hold rating in a research report on Thursday, September 28th. One investment analyst has rated the stock with a sell rating, two have issued a hold rating, three have assigned a buy rating and one has assigned a strong buy rating to the stock. Blucora has a consensus rating of Buy and a consensus target price of $27.00.

Shares of Blucora (NASDAQ BCOR) opened at $22.90 on Friday. The company has a debt-to-equity ratio of 0.65, a current ratio of 2.23 and a quick ratio of 2.23. The firm has a market cap of $1,040.14, a PE ratio of 17.76, a price-to-earnings-growth ratio of 0.99 and a beta of -0.32. Blucora has a 1 year low of $14.25 and a 1 year high of $26.15.

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

A number of institutional investors and hedge funds have recently bought and sold shares of the business. Arizona State Retirement System grew its position in shares of Blucora by 2.0% during the 2nd quarter. Arizona State Retirement System now owns 20,617 shares of the information services provider’s stock worth $437,000 after buying an additional 400 shares during the period. Aperio Group LLC grew its position in shares of Blucora by 3.4% during the 2nd quarter. Aperio Group LLC now owns 13,594 shares of the information services provider’s stock worth $288,000 after buying an additional 453 shares during the period. Nationwide Fund Advisors grew its position in shares of Blucora by 1.8% during the 2nd quarter. Nationwide Fund Advisors now owns 32,020 shares of the information services provider’s stock worth $679,000 after buying an additional 556 shares during the period. Municipal Employees Retirement System of Michigan grew its position 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 worth $198,000 after buying an additional 620 shares during the period. Finally, Teachers Advisors LLC grew its position in shares of Blucora by 1.0% during the 2nd quarter. Teachers Advisors LLC now owns 74,603 shares of the information services provider’s stock worth $1,582,000 after buying an additional 717 shares during the period. Hedge funds and other institutional investors own 90.58% of the company’s stock.

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Blucora Company Profile

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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