Blucora Inc. (BCOR) Shares Up 5%
Blucora Inc. (NASDAQ:BCOR) shot up 5% during trading on Friday . The stock traded as high as $10.73 and last traded at $10.70, with a volume of 291,817 shares. The stock had previously closed at $10.19.
Several brokerages have commented on BCOR. Zacks Investment Research cut shares of Blucora from a “buy” rating to a “hold” rating in a research report on Tuesday, July 26th. Barrington Research upgraded shares of Blucora from a “market perform” rating to an “outperform” rating and set a $10.00 price target on the stock in a research report on Monday, May 2nd. Craig Hallum upgraded shares of Blucora from a “hold” rating to a “buy” rating and set a $10.00 price target on the stock in a research report on Friday, April 29th. Finally, Benchmark Co. boosted their price target on shares of Blucora from $13.00 to $14.50 and gave the stock a “buy” rating in a research report on Thursday, April 28th. One research analyst has rated the stock with a sell rating and five have assigned a buy rating to the company’s stock. The company has a consensus rating of “Buy” and a consensus price target of $11.10.
The stock has a 50 day moving average of $10.99 and a 200-day moving average of $8.07. The company’s market cap is $440.48 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, topping the consensus estimate of $0.52 by $0.03. The company had revenue of $120.10 million for the quarter, compared to analyst estimates of $123.62 million. The business’s revenue was up 288.7% compared to the same quarter last year. During the same quarter in the prior year, the company earned $0.48 earnings per share. Analysts expect that Blucora Inc. will post $0.90 earnings per share for the current year.
In other news, insider Joann Kintzel sold 6,431 shares of the stock in a transaction on Thursday, June 23rd. The stock was sold at an average price of $9.50, for a total transaction of $61,094.50. Following the sale, the insider now owns 101,702 shares in the company, valued at $966,169. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website.
An institutional investor recently raised its position in Blucora stock. Cornerstone Capital Management Holdings LLC. raised its stake in Blucora Inc. (NASDAQ:BCOR) by 21.9% during the fourth quarter, according to its most recent filing with the SEC. 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 approximately 0.66% of Blucora worth $2,632,000 as of its most recent SEC filing.
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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