BidaskClub Lowers Blucora (BCOR) to Sell

BidaskClub downgraded shares of Blucora (NASDAQ:BCOR) from a hold rating to a sell rating in a research note released on Thursday.

BCOR has been the subject of a number of other research reports. Benchmark reiterated a buy rating and issued a $30.00 price objective on shares of Blucora in a research report on Monday, November 20th. Zacks Investment Research upgraded shares of Blucora from a hold rating to a strong-buy rating and set a $25.00 price objective for the company in a research report on Wednesday, November 1st. ValuEngine upgraded shares of Blucora from a hold rating to a buy rating in a research report on Sunday, December 31st. Finally, TheStreet downgraded shares of Blucora from a b- rating to a c rating in a research report on Monday, October 30th. One investment analyst has rated the stock with a sell rating, two have issued a hold rating and four have issued a buy rating to the stock. The stock presently has an average rating of Hold and an average target price of $27.00.

Blucora (NASDAQ:BCOR) opened at $24.05 on Thursday. The firm has a market cap of $1,107.02, a PE ratio of -267.19, a price-to-earnings-growth ratio of 0.73 and a beta of -0.32. Blucora has a 1 year low of $14.25 and a 1 year high of $26.15. The company has a debt-to-equity ratio of 0.65, a current ratio of 2.23 and a quick ratio of 2.23.

Blucora (NASDAQ:BCOR) last issued its quarterly earnings data on Thursday, October 26th. The information services provider reported ($0.12) earnings per share for the quarter, topping analysts’ consensus estimates of ($0.19) by $0.07. The business had revenue of $90.20 million during the quarter, compared to the consensus estimate 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 revenue was up 8.4% compared to the same quarter last year. During the same quarter in the prior year, the firm posted ($0.24) earnings per share. sell-side analysts expect that Blucora will post 1.14 EPS for the current year.

Several institutional investors have recently modified their holdings of BCOR. Sei Investments Co. raised its position in shares of Blucora by 15,869.2% in the third quarter. Sei Investments Co. now owns 4,152 shares of the information services provider’s stock worth $110,000 after acquiring an additional 4,126 shares during the period. Robeco Institutional Asset Management B.V. acquired a new position in shares of Blucora during the 3rd quarter worth about $124,000. C M Bidwell & Associates Ltd. acquired a new position in shares of Blucora during the 2nd quarter worth about $179,000. Trexquant Investment LP acquired a new position in shares of Blucora during the 3rd quarter worth about $201,000. Finally, Crossmark Global Holdings Inc. acquired a new position in shares of Blucora during the 3rd quarter worth about $204,000. Institutional investors and hedge funds 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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