Blucora Inc. (BCOR) Stock Price Up 2.5%
Blucora Inc. (NASDAQ:BCOR) rose 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 trading hands. The stock had previously closed at $12.09.
BCOR has been the topic of a number of recent research reports. Benchmark Co. upped their target price on Blucora from $13.00 to $14.50 and gave the company a “buy” rating in a research note on Thursday, April 28th. Barrington Research raised Blucora from a “market perform” rating to an “outperform” rating and set a $10.00 target price on the stock in a research note on Monday, May 2nd. Zacks Investment Research raised Blucora from a “hold” rating to a “buy” rating and set a $12.00 target price on the stock in a research note on Wednesday, June 29th. Finally, Craig Hallum raised Blucora from a “hold” rating to a “buy” rating and set a $10.00 target price on the stock in a research note on Friday, April 29th. One equities research analyst has rated the stock with a sell rating and five have assigned a buy rating to the company. The company currently has a consensus rating of “Buy” and an average price target of $11.30.
The firm’s market capitalization is $508.33 million. The firm’s 50-day moving average is $9.68 and its 200 day moving average is $7.76.
Blucora (NASDAQ:BCOR) last announced its quarterly earnings results on Thursday, April 28th. The company reported $0.94 EPS for the quarter, beating the consensus estimate of $0.90 by $0.04. The firm earned $165.80 million during the quarter, compared to analyst estimates of $163.31 million. Blucora’s revenue for the quarter was up 5.0% compared to the same quarter last year. During the same quarter in the previous year, the business posted $1.03 EPS. Analysts anticipate that Blucora Inc. will post $1.01 earnings per share for the current fiscal year.
In other Blucora 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 sale, the insider now owns 99,932 shares in the company, valued at $1,053,283.28. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website.
Several large investors have recently made changes to their positions in BCOR. Royce & Associates LLC raised its stake in shares of 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. BBR Partners LLC purchased a new stake in shares of Blucora during the fourth quarter valued at approximately $1,911,000. Oxford Asset Management purchased a new stake in shares of Blucora during the fourth quarter valued at approximately $1,592,000. Finally, Cornerstone Capital Management Holdings LLC. raised its stake in shares of 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.
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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