Blucora Inc. (BCOR) Trading 3.2% Higher
Blucora Inc. (NASDAQ:BCOR)’s share price traded up 3.2% during mid-day trading on Friday . The stock traded as high as $10.90 and last traded at $10.79, with a volume of 142,026 shares traded. The stock had previously closed at $10.46.
Separately, 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. One investment analyst has rated the stock with a sell rating, one has given a hold rating and four have assigned a buy rating to the company. The company presently has an average rating of “Buy” and a consensus price target of $11.10.
The stock’s market cap is $445.05 million. The company has a 50 day moving average of $11.17 and a 200 day moving average of $8.46.
Blucora (NASDAQ:BCOR) last posted its quarterly earnings data on Thursday, July 28th. The company reported $0.55 EPS for the quarter, topping analysts’ consensus estimates of $0.52 by $0.03. During the same period in the prior year, the business posted $0.48 EPS. The firm earned $120.10 million during the quarter, compared to analyst estimates of $123.62 million. The company’s revenue for the quarter was up 288.7% on a year-over-year basis. On average, equities research analysts expect that Blucora Inc. will post $0.90 earnings per share for the current fiscal year.
In related news, insider Joann Kintzel sold 3,538 shares of the firm’s 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 transaction, 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 document filed with the Securities & Exchange Commission, which is available at the SEC website.
Blucora, Inc is a provider of technology-enabled financial solutions to consumers, small business owners and tax professionals. The Company operates through two segments: the Wealth Management, which consists of the HD Vest, Inc (HD Vest) business, and the Tax Preparation, which consists of the TaxAct, Inc (TaxAct) business.
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