Blucora Inc. (BCOR) Trading Down 17.4%
Shares of Blucora Inc. (NASDAQ:BCOR) fell 17.4% on Thursday . The stock traded as low as $9.64 and last traded at $10.73, with a volume of 2,624,398 shares changing hands. The stock had previously closed at $12.99.
Several brokerages have recently weighed in on BCOR. Zacks Investment Research downgraded Blucora from a “buy” rating to a “hold” rating in a research note on Tuesday. Barrington Research upgraded Blucora from a “market perform” rating to an “outperform” rating and set a $10.00 price target for the company in a research note on Monday, May 2nd. Craig Hallum upgraded Blucora from a “hold” rating to a “buy” rating and set a $10.00 price target for the company in a research note on Friday, April 29th. Finally, Benchmark Co. lifted their price target on Blucora from $13.00 to $14.50 and gave the stock a “buy” rating in a research note on Thursday, April 28th. One equities research analyst has rated the stock with a sell rating, one has given a hold rating and four have issued a buy rating to the company’s stock. The stock currently has a consensus rating of “Buy” and an average target price of $11.30.
The stock has a 50-day moving average price of $10.73 and a 200 day moving average price of $8.00. The firm’s market cap is $429.74 million.
Blucora (NASDAQ:BCOR) last released its quarterly earnings data on Thursday, July 28th. The company reported $0.55 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.52 by $0.03. The business earned $120.10 million during the quarter, compared to analyst estimates of $123.62 million. The firm’s revenue for the quarter was up 288.7% on a year-over-year basis. During the same period in the previous year, the firm posted $0.48 EPS. Equities analysts expect that Blucora Inc. will post $1.01 EPS for the current fiscal year.
In related news, insider Joann Kintzel sold 6,431 shares of Blucora 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 completion of the sale, the insider now owns 101,702 shares of the company’s stock, valued at approximately $966,169. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website.
Several large investors have added to or reduced their stakes in BCOR. BBR Partners LLC acquired a new stake in Blucora during the fourth quarter valued at about $1,911,000. Cornerstone Capital Management Holdings LLC. raised its stake 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, Royce & Associates LLC raised its stake 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.
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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