Blucora, Inc. (NASDAQ:BCOR) Receives $20.00 Average Target Price from Brokerages


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Shares of Blucora, Inc. (NASDAQ:BCOR) have been given an average recommendation of “Buy” by the seven analysts that are currently covering the stock, Marketbeat reports. Three equities research analysts have rated the stock with a hold recommendation, two have given a buy recommendation and one has assigned a strong buy recommendation to the company. The average twelve-month target price among brokers that have issued a report on the stock in the last year is $20.00.

BCOR has been the topic of several research reports. Zacks Investment Research upgraded Blucora from a “sell” rating to a “hold” rating in a research report on Monday. BidaskClub raised shares of Blucora from a “buy” rating to a “strong-buy” rating in a research report on Monday, December 28th. ValuEngine upgraded shares of Blucora from a “sell” rating to a “hold” rating in a research note on Tuesday, December 1st. Finally, Benchmark decreased their target price on shares of Blucora from $18.00 to $17.00 and set a “buy” rating for the company in a research note on Friday, September 25th.

Several institutional investors and hedge funds have recently bought and sold shares of BCOR. PNC Financial Services Group Inc. boosted its stake in Blucora by 105.1% in the 2nd quarter. PNC Financial Services Group Inc. now owns 3,551 shares of the information services provider’s stock worth $41,000 after purchasing an additional 1,820 shares in the last quarter. Point72 Hong Kong Ltd raised its holdings in Blucora by 183.8% in the third quarter. Point72 Hong Kong Ltd now owns 3,426 shares of the information services provider’s stock worth $32,000 after buying an additional 2,219 shares during the last quarter. M&T Bank Corp lifted its stake in shares of Blucora by 8.5% in the third quarter. M&T Bank Corp now owns 31,534 shares of the information services provider’s stock worth $296,000 after buying an additional 2,468 shares in the last quarter. Cim Investment Mangement Inc. grew its holdings in shares of Blucora by 20.5% during the second quarter. Cim Investment Mangement Inc. now owns 15,563 shares of the information services provider’s stock valued at $178,000 after buying an additional 2,649 shares during the last quarter. Finally, California Public Employees Retirement System grew its holdings in shares of Blucora by 3.0% during the third quarter. California Public Employees Retirement System now owns 110,012 shares of the information services provider’s stock valued at $1,036,000 after buying an additional 3,200 shares during the last quarter. 92.17% of the stock is owned by hedge funds and other institutional investors.

Shares of BCOR traded down $0.22 during trading hours on Wednesday, hitting $16.08. The company had a trading volume of 208,552 shares, compared to its average volume of 411,269. Blucora has a 52-week low of $8.37 and a 52-week high of $24.63. The company has a quick ratio of 2.73, a current ratio of 2.73 and a debt-to-equity ratio of 1.54. The stock’s 50 day moving average price is $14.34 and its 200 day moving average price is $11.87. The firm has a market cap of $772.55 million, a P/E ratio of -2.79, a P/E/G ratio of 0.84 and a beta of 1.64.

Blucora (NASDAQ:BCOR) last announced its earnings results on Saturday, November 14th. The information services provider reported $0.31 earnings per share for the quarter, beating analysts’ consensus estimates of $0.19 by $0.12. Blucora had a negative net margin of 36.67% and a positive return on equity of 11.19%. The firm had revenue of $175.40 million for the quarter, compared to analyst estimates of $173.57 million. During the same quarter in the previous year, the firm posted ($0.20) EPS. The company’s revenue for the quarter was up 17.7% compared to the same quarter last year. On average, research analysts expect that Blucora will post 0.76 EPS for the current fiscal year.

About Blucora

Blucora, Inc provides technology-enabled financial solutions to consumers, small business owners, tax professionals, financial advisors, and certified public accounting firms 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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