Blucora Inc. (BCOR) Shares Down 1.4%
Shares of Blucora Inc. (NASDAQ:BCOR) were down 1.4% during trading on Monday . The stock traded as low as $10.51 and last traded at $10.55, with a volume of 135,184 shares trading hands. The stock had previously closed at $10.70.
Several analysts have recently commented on BCOR shares. Barrington Research raised shares of Blucora from a “market perform” rating to an “outperform” rating and set a $10.00 price objective on the stock in a report on Monday, May 2nd. Zacks Investment Research raised shares of Blucora from a “hold” rating to a “buy” rating and set a $12.00 price objective on the stock in a report on Wednesday, June 29th. One analyst has rated the stock with a sell rating, one has issued a hold rating and four have assigned a buy rating to the stock. The company has an average rating of “Buy” and a consensus price target of $11.10.
The stock’s market cap is $438.41 million. The stock has a 50 day moving average price of $11.36 and a 200 day moving average price of $8.35.
Blucora (NASDAQ:BCOR) last announced its earnings results on Thursday, July 28th. The company reported $0.55 earnings per share for the quarter, topping the Zacks’ consensus estimate of $0.52 by $0.03. The firm had revenue of $120.10 million for the quarter, compared to the consensus estimate of $123.62 million. Blucora’s revenue for the quarter was up 288.7% on a year-over-year basis. During the same quarter last year, the business posted $0.48 EPS. On average, analysts anticipate that Blucora Inc. will post $0.90 EPS for the current fiscal year.
In other news, insider Joann Kintzel sold 6,431 shares of the stock in a transaction that occurred 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 in the company, valued at $966,169. The sale was disclosed in a filing with the SEC, which is available through 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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