Blucora Inc. (BCOR) Trading Up 2.5%
Blucora Inc. (NASDAQ:BCOR)’s share price was up 2.5% during mid-day trading on Thursday . The company traded as high as $12.49 and last traded at $12.39, with a volume of 255,062 shares. The stock had previously closed at $12.09.
A number of equities analysts have issued reports on BCOR shares. Benchmark Co. increased their target price on Blucora from $13.00 to $14.50 and gave the stock a “buy” rating in a report on Thursday, April 28th. Barrington Research upgraded Blucora from a “market perform” rating to an “outperform” rating and set a $10.00 target price for the company in a report on Monday, May 2nd. Zacks Investment Research upgraded Blucora from a “hold” rating to a “buy” rating and set a $12.00 target price for the company in a report on Wednesday, June 29th. Finally, Craig Hallum upgraded Blucora from a “hold” rating to a “buy” rating and set a $10.00 target price for the company in a report on Friday, April 29th. One equities research analyst has rated the stock with a sell rating and five have given a buy rating to the company’s stock. The stock presently has an average rating of “Buy” and a consensus target price of $11.30.
The company’s market capitalization is $503.36 million. The firm’s 50-day moving average is $9.88 and its 200 day moving average is $7.81.
Blucora (NASDAQ:BCOR) last issued its quarterly earnings results on Thursday, April 28th. The company reported $0.94 EPS for the quarter, topping analysts’ consensus estimates of $0.90 by $0.04. The business had revenue of $165.80 million for the quarter, compared to analyst estimates of $163.31 million. During the same quarter last year, the firm posted $1.03 EPS. Blucora’s revenue for the quarter was up 5.0% on a year-over-year basis. On average, equities analysts expect that Blucora Inc. will post $1.01 earnings per share for the current fiscal year.
In related news, insider Joann Kintzel sold 6,431 shares of the business’s stock in a transaction on Thursday, June 23rd. The shares were sold at an average price of $9.50, for a total value of $61,094.50. Following the transaction, the insider now owns 101,702 shares in the company, valued at $966,169. The transaction was disclosed in a document filed with the SEC, which is available through this link.
A number of institutional investors have recently added to or reduced their stakes in the stock. BBR Partners LLC purchased a new position in Blucora during the fourth quarter valued at about $1,911,000. Royce & Associates LLC raised its position in Blucora by 399.2% in the fourth quarter. Royce & Associates LLC now owns 1,145,731 shares of the company’s stock valued at $11,228,000 after buying an additional 916,201 shares during the last quarter. Cornerstone Capital Management Holdings LLC. raised its position in Blucora by 21.9% in the fourth quarter. Cornerstone Capital Management Holdings LLC. now owns 268,500 shares of the company’s stock valued at $2,632,000 after buying an additional 48,200 shares during the last quarter. Finally, Oxford Asset Management purchased a new position in Blucora during the fourth quarter valued at about $1,592,000.
Blucora, Inc is an operator of a portfolio of Internet businesses. The Company operates through three segments: Search and Content, Tax Preparation and E-Commerce. Its Search and Content business operates through its InfoSpace LLC subsidiary (InfoSpace) and provides search services to users of the Company owned and operated and distribution partners’ Web properties, as well as online content.
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