Shares of Blucora, Inc. (NASDAQ:BCOR) have been assigned an average recommendation of “Buy” from the eight brokerages that are covering the firm, MarketBeat Ratings reports. Two research analysts have rated the stock with a hold rating, three have issued a buy rating and two have assigned a strong buy rating to the company. The average 12-month target price among brokers that have issued ratings on the stock in the last year is $27.67.

BCOR has been the subject of a number of analyst reports. TheStreet downgraded Blucora from a “b-” rating to a “c” rating in a research note on Monday, October 30th. Barrington Research lifted their price target on Blucora from $23.00 to $28.00 and gave the company an “outperform” rating in a research note on Friday, July 28th. Zacks Investment Research upgraded Blucora from a “hold” rating to a “buy” rating and set a $26.00 price target for the company in a research note on Wednesday, August 2nd. BidaskClub upgraded Blucora from a “buy” rating to a “strong-buy” rating in a research note on Saturday, August 12th. Finally, ValuEngine downgraded Blucora from a “buy” rating to a “hold” rating in a research note on Friday, July 28th.

Blucora (BCOR) traded up $0.10 during mid-day trading on Thursday, reaching $20.45. The company’s stock had a trading volume of 354,323 shares, compared to its average volume of 455,337. The firm has a market cap of $920.21, a P/E ratio of 15.71, a P/E/G ratio of 0.88 and a beta of -0.27. The company has a debt-to-equity ratio of 0.65, a current ratio of 2.23 and a quick ratio of 2.23. Blucora has a fifty-two week low of $13.40 and a fifty-two week high of $26.15.

Blucora (NASDAQ:BCOR) last released its quarterly earnings results on Thursday, October 26th. The information services provider reported ($0.12) earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of ($0.19) by $0.07. The business had revenue of $90.20 million during the quarter, compared to the consensus estimate of $89.72 million. Blucora had a positive return on equity of 11.94% and a negative net margin of 0.46%. The company’s quarterly revenue was up 8.4% on a year-over-year basis. During the same quarter in the previous year, the business earned ($0.24) EPS. equities research analysts expect that Blucora will post 1.14 earnings per share for the current year.

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Several hedge funds and other institutional investors have recently made changes to their positions in BCOR. UBS Asset Management Americas Inc. boosted its stake in shares of Blucora by 43.4% in the 1st quarter. UBS Asset Management Americas Inc. now owns 18,499 shares of the information services provider’s stock worth $320,000 after buying an additional 5,600 shares during the last quarter. OppenheimerFunds Inc. boosted its stake in shares of Blucora by 42.2% in the 1st quarter. OppenheimerFunds Inc. now owns 21,755 shares of the information services provider’s stock worth $376,000 after buying an additional 6,455 shares during the last quarter. California Public Employees Retirement System boosted its stake in shares of Blucora by 8.5% in the 1st quarter. California Public Employees Retirement System now owns 49,800 shares of the information services provider’s stock worth $862,000 after buying an additional 3,900 shares during the last quarter. Legal & General Group Plc boosted its stake in shares of Blucora by 1.5% in the 1st quarter. Legal & General Group Plc now owns 64,776 shares of the information services provider’s stock worth $1,121,000 after buying an additional 937 shares during the last quarter. Finally, Thrivent Financial For Lutherans boosted its stake in shares of Blucora by 5.9% in the 1st quarter. Thrivent Financial For Lutherans now owns 21,970 shares of the information services provider’s stock worth $380,000 after buying an additional 1,230 shares during the last quarter. Hedge funds and other institutional investors own 87.33% of the company’s stock.

Blucora Company Profile

Blucora, Inc is a provider of technology-enabled financial solutions to consumers, small business owners and tax professionals. The Company operates through the Wealth Management and Tax Preparation segments. The Company’s Wealth Management segment consists of HD Vest, which provides financial advisors with an integrated platform of brokerage, investment advisory and insurance services to assist in making each financial advisor a financial service center for his/her clients The Company’s Tax Preparation segment provides digital do-it-yourself (DDIY) tax preparation solutions for consumers, small business owners and tax professionals.

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