Blucora (NASDAQ:BCOR) Rating Lowered to Strong Sell at BidaskClub

Blucora (NASDAQ:BCOR) was downgraded by BidaskClub from a “sell” rating to a “strong sell” rating in a research note issued on Saturday, BidAskClub reports.

A number of other brokerages also recently issued reports on BCOR. Barrington Research reissued a “buy” rating and set a $41.00 price target on shares of Blucora in a research report on Wednesday, March 20th. Zacks Investment Research raised Blucora from a “sell” rating to a “hold” rating in a research report on Wednesday, April 17th. Finally, ValuEngine downgraded Blucora from a “buy” rating to a “hold” rating in a research report on Saturday, May 18th. One research analyst has rated the stock with a sell rating, two have given a hold rating and two have given a buy rating to the company’s stock. The stock has an average rating of “Hold” and a consensus target price of $42.00.

Blucora stock opened at $29.71 on Friday. Blucora has a 12 month low of $23.83 and a 12 month high of $41.35. The company has a 50 day moving average price of $31.23. The company has a quick ratio of 2.43, a current ratio of 2.43 and a debt-to-equity ratio of 0.39. The firm has a market capitalization of $1.44 billion, a P/E ratio of 19.55, a price-to-earnings-growth ratio of 0.80 and a beta of 0.62.

Blucora (NASDAQ:BCOR) last posted its earnings results on Wednesday, May 8th. The information services provider reported $1.56 EPS for the quarter, beating the consensus estimate of $1.38 by $0.18. Blucora had a return on equity of 16.14% and a net margin of 11.57%. The company had revenue of $225.80 million for the quarter, compared to the consensus estimate of $224.95 million. During the same quarter in the prior year, the business earned $1.20 earnings per share. The firm’s revenue for the quarter was up 9.6% on a year-over-year basis. Sell-side analysts predict that Blucora will post 1.85 EPS for the current year.

In related news, Director Mary Slagle Zappone sold 6,432 shares of the stock in a transaction that occurred on Tuesday, June 4th. The stock was sold at an average price of $31.52, for a total transaction of $202,736.64. Following the sale, the director now owns 33,864 shares of the company’s stock, valued at $1,067,393.28. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, insider Ann J. Bruder sold 5,600 shares of the company’s stock in a transaction on Thursday, May 2nd. The stock was sold at an average price of $35.00, for a total value of $196,000.00. Following the sale, the insider now owns 45,531 shares of the company’s stock, valued at $1,593,585. The disclosure for this sale can be found here. Insiders have sold 82,514 shares of company stock worth $2,635,587 in the last three months. 3.40% of the stock is currently owned by company insiders.

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in the business. BlackRock Inc. lifted its stake in Blucora by 0.9% during the fourth quarter. BlackRock Inc. now owns 6,822,668 shares of the information services provider’s stock worth $181,756,000 after purchasing an additional 60,122 shares during the last quarter. First Trust Advisors LP lifted its stake in Blucora by 7.4% during the first quarter. First Trust Advisors LP now owns 2,574,841 shares of the information services provider’s stock worth $85,948,000 after purchasing an additional 177,687 shares during the last quarter. Rothschild & Co. Asset Management US Inc. lifted its stake in Blucora by 1.5% during the first quarter. Rothschild & Co. Asset Management US Inc. now owns 766,830 shares of the information services provider’s stock worth $25,597,000 after purchasing an additional 11,108 shares during the last quarter. Norges Bank bought a new stake in Blucora during the fourth quarter worth $19,361,000. Finally, Geode Capital Management LLC lifted its stake in Blucora by 19.9% during the fourth quarter. Geode Capital Management LLC now owns 680,115 shares of the information services provider’s stock worth $18,118,000 after purchasing an additional 112,954 shares during the last quarter. Hedge funds and other institutional investors own 95.46% of the company’s stock.

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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