Blucora Inc. (BCOR) Trading Up 5%
Blucora Inc. (NASDAQ:BCOR) was up 5% during mid-day trading on Friday . The stock traded as high as $10.73 and last traded at $10.70, with a volume of 291,817 shares traded. The stock had previously closed at $10.19.
Several equities research analysts have issued reports on BCOR shares. Craig Hallum upgraded Blucora from a “hold” rating to a “buy” rating and set a $10.00 target price on the stock in a research report on Friday, April 29th. Zacks Investment Research upgraded Blucora from a “hold” rating to a “buy” rating and set a $11.00 target price on the stock in a research report on Friday, July 29th. Barrington Research upgraded Blucora from a “market perform” rating to an “outperform” rating and set a $10.00 target price on the stock in a research report on Monday, May 2nd. Finally, Benchmark Co. increased their target price on Blucora from $13.00 to $14.50 and gave the stock a “buy” rating in a research report on Thursday, April 28th. One investment analyst has rated the stock with a sell rating and five have assigned a buy rating to the company. The stock currently has an average rating of “Buy” and a consensus target price of $11.10.
The stock has a 50 day moving average price of $10.94 and a 200 day moving average price of $8.05. The firm’s market cap is $440.48 million.
Blucora (NASDAQ:BCOR) last announced its quarterly earnings results on Thursday, July 28th. The company reported $0.55 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $0.52 by $0.03. The firm had revenue of $120.10 million for the quarter, compared to the consensus estimate of $123.62 million. During the same period last year, the business earned $0.48 EPS. Blucora’s revenue was up 288.7% on a year-over-year basis. Analysts expect that Blucora Inc. will post $0.90 EPS for the current fiscal year.
In other Blucora news, insider Joann Kintzel sold 3,538 shares of Blucora stock in a transaction that occurred on Tuesday, July 5th. The shares were sold at an average price of $10.54, for a total value of $37,290.52. Following the completion of the sale, the insider now owns 99,932 shares of the company’s stock, valued at approximately $1,053,283.28. The transaction was disclosed in a legal filing with the SEC, which is available at the SEC website.
An institutional investor recently raised its position in Blucora stock. Cornerstone Capital Management Holdings LLC. increased its position in Blucora Inc. (NASDAQ:BCOR) by 21.9% during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 268,500 shares of the company’s stock after buying an additional 48,200 shares during the period. Cornerstone Capital Management Holdings LLC. owned about 0.66% of Blucora worth $2,632,000 as of its most recent filing with the SEC.
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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