Blucora (BCOR) Cut to Hold at Zacks Investment Research

Zacks Investment Research downgraded shares of Blucora (NASDAQ:BCOR) from a buy rating to a hold rating in a research report released on Tuesday morning.

According to Zacks, “Blucora, Inc. provides technology-enabled financial solutions to consumers, small businesses and tax professionals. The company’s products and services consist of tax preparation and wealth management, through TaxAct and HD Vest. TaxAct provides digital tax preparation solution for individuals, business owners and tax professionals. HD Vest Financial Services (R) supports an independent network of tax professionals who provide comprehensive financial planning solutions. Blucora, Inc. is based in IRVING, Texas. “

BCOR has been the topic of a number of other research reports. Benchmark reiterated a buy rating and issued a $30.00 target price on shares of Blucora in a report on Monday, November 20th. BidaskClub cut Blucora from a sell rating to a strong sell rating in a report on Wednesday, December 6th. Finally, TheStreet cut Blucora from a b- rating to a c rating in a report on Monday, October 30th. One analyst has rated the stock with a sell rating, three have issued a hold rating and three have given a buy rating to the company’s stock. The stock currently has a consensus rating of Hold and an average target price of $27.00.

Shares of Blucora (NASDAQ:BCOR) opened at $22.15 on Tuesday. Blucora has a fifty-two week low of $14.25 and a fifty-two week 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. The stock has a market capitalization of $1,026.30, a price-to-earnings ratio of -246.08, a PEG ratio of 0.98 and a beta of -0.32.

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

Institutional investors have recently modified their holdings of the stock. Sei Investments Co. boosted its holdings in Blucora by 15,869.2% in the third quarter. Sei Investments Co. now owns 4,152 shares of the information services provider’s stock valued at $110,000 after acquiring an additional 4,126 shares during the last quarter. Robeco Institutional Asset Management B.V. acquired a new position in Blucora in the third quarter valued at $124,000. C M Bidwell & Associates Ltd. acquired a new position in Blucora in the second quarter valued at $179,000. Municipal Employees Retirement System of Michigan boosted its holdings in Blucora by 7.1% in the second quarter. Municipal Employees Retirement System of Michigan now owns 9,340 shares of the information services provider’s stock valued at $198,000 after acquiring an additional 620 shares during the last quarter. Finally, Trexquant Investment LP acquired a new position in Blucora in the third quarter valued at $201,000. Hedge funds and other institutional investors own 90.58% of the company’s stock.

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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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