Blucora Inc (NASDAQ:BCOR) has earned an average recommendation of “Buy” from the ten ratings firms that are currently covering the company, MarketBeat reports. One research analyst has rated the stock with a sell recommendation, one has given a hold recommendation and seven have given a buy recommendation to the company. The average 12-month price target among brokerages that have issued ratings on the stock in the last year is $37.56.

A number of brokerages have issued reports on BCOR. Barrington Research reaffirmed a “buy” rating on shares of Blucora in a report on Friday, February 1st. Zacks Investment Research raised Blucora from a “hold” rating to a “buy” rating and set a $35.00 target price for the company in a report on Tuesday, November 6th. BidaskClub raised Blucora from a “hold” rating to a “buy” rating in a report on Friday, January 25th. Finally, ValuEngine downgraded Blucora from a “strong-buy” rating to a “buy” rating in a report on Thursday, November 1st.

Several institutional investors have recently bought and sold shares of the company. Rafferty Asset Management LLC purchased a new stake in shares of Blucora in the 4th quarter valued at about $514,000. Texas Permanent School Fund lifted its holdings in shares of Blucora by 4.7% in the 4th quarter. Texas Permanent School Fund now owns 31,391 shares of the information services provider’s stock valued at $836,000 after purchasing an additional 1,413 shares during the last quarter. Bank of New York Mellon Corp lifted its holdings in shares of Blucora by 3.7% in the 4th quarter. Bank of New York Mellon Corp now owns 569,644 shares of the information services provider’s stock valued at $15,176,000 after purchasing an additional 20,533 shares during the last quarter. LaSalle Street Capital Management LLC purchased a new stake in shares of Blucora in the 4th quarter valued at about $353,000. Finally, Massachusetts Financial Services Co. MA purchased a new stake in shares of Blucora in the 4th quarter valued at about $214,000. 94.49% of the stock is owned by institutional investors and hedge funds.

Shares of NASDAQ BCOR opened at $31.36 on Friday. The stock has a market cap of $1.50 billion, a price-to-earnings ratio of 25.70, a price-to-earnings-growth ratio of 0.93 and a beta of 0.41. The company has a quick ratio of 2.95, a current ratio of 2.95 and a debt-to-equity ratio of 0.42. Blucora has a 1 year low of $21.15 and a 1 year high of $41.35.

Blucora Company Profile

Blucora, Inc provides technology-enabled financial solutions to consumers, small business owners, and tax professionals in the United States. The company operates through two segments, Wealth Management and Tax Preparation. The Wealth Management segment offers an integrated platform of brokerage, investment advisory, and insurance services to financial advisors.

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Analyst Recommendations for Blucora (NASDAQ:BCOR)

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