Blucora Inc. (BCOR) Trading Down 17.4%
Blucora Inc. (NASDAQ:BCOR)’s share price 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 research firms have weighed in on BCOR. Zacks Investment Research raised Blucora from a “hold” rating to a “buy” rating and set a $11.00 target price on the stock in a research note on Friday. 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. 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. Finally, Benchmark Co. lifted 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. One equities research analyst has rated the stock with a sell rating and five have given a buy rating to the company. Blucora has a consensus rating of “Buy” and an average price target of $11.10.
The stock’s 50 day moving average is $10.77 and its 200 day moving average is $8.01. The stock’s market capitalization is $423.65 million.
Blucora (NASDAQ:BCOR) last issued its quarterly earnings results 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 firm had revenue of $120.10 million for the quarter, compared to analyst estimates of $123.62 million. The company’s revenue was up 288.7% compared to the same quarter last year. During the same period last year, the company earned $0.48 EPS. Equities research analysts anticipate that Blucora Inc. will post $0.97 earnings per share for the current year.
In other news, insider Joann Kintzel sold 6,431 shares of the company’s 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 transaction, the insider now owns 101,702 shares of the company’s stock, valued at $966,169. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink.
A hedge fund recently raised its stake in Blucora stock. Royce & Associates LLC boosted its stake in shares of Blucora Inc. (NASDAQ:BCOR) by 399.2% during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 1,145,731 shares of the company’s stock after buying an additional 916,201 shares during the period. Royce & Associates LLC owned approximately 2.80% of Blucora worth $11,228,000 at the end of the most recent reporting period.
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.