Blucora Inc. (BCOR) Trading Down 1.3%
Blucora Inc. (NASDAQ:BCOR) shares fell 1.3% on Thursday . The stock traded as low as $10.81 and last traded at $10.84, with a volume of 263,245 shares traded. The stock had previously closed at $10.98.
Several research analysts recently commented on BCOR shares. Zacks Investment Research raised Blucora from a “hold” rating to a “buy” rating and set a $11.00 price target for the company in a research report on Friday, July 29th. Benchmark Co. increased their price target on Blucora from $13.00 to $14.50 and gave the company a “buy” rating in a research report on Thursday, April 28th. Barrington Research raised Blucora from a “market perform” rating to an “outperform” rating and set a $10.00 price target for the company in a research report on Monday, May 2nd. Finally, Craig Hallum raised Blucora from a “hold” rating to a “buy” rating and set a $10.00 price target for the company in a research report on Friday, April 29th. One analyst has rated the stock with a sell rating and five have given a buy rating to the company’s stock. The company presently has an average rating of “Buy” and a consensus price target of $11.10.
The stock’s 50 day moving average price is $11.40 and its 200-day moving average price is $8.26. The firm’s market capitalization is $448.37 million.
Blucora (NASDAQ:BCOR) last posted its quarterly earnings data on Thursday, July 28th. The company reported $0.55 earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of $0.52 by $0.03. The business earned $120.10 million during the quarter, compared to the consensus estimate of $123.62 million. The business’s revenue was up 288.7% on a year-over-year basis. During the same period last year, the business posted $0.48 earnings per share. Equities analysts anticipate that Blucora Inc. will post $0.90 EPS for the current year.
In other news, insider Joann Kintzel sold 3,538 shares of Blucora stock in a transaction dated Tuesday, July 5th. The stock was 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 directly owns 99,932 shares of the company’s stock, valued at approximately $1,053,283.28. The transaction was disclosed in a filing with the SEC, which is accessible through this hyperlink.
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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