BLUCORA INC Common Stock (BCOR) Sees Large Drop in Short Interest

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BLUCORA INC Common Stock (NASDAQ:BCOR) was the recipient of a significant decrease in short interest in May. As of May 31st, there was short interest totalling 1,127,395 shares, a decrease of 31.0% from the May 15th total of 1,633,738 shares. Approximately 2.5% of the company’s stock are short sold. Based on an average trading volume of 482,297 shares, the short-interest ratio is currently 2.3 days.

A number of analysts recently weighed in on BCOR shares. Zacks Investment Research raised shares of BLUCORA INC Common Stock from a “sell” rating to a “hold” rating in a report on Tuesday, April 24th. Barrington Research increased their price objective on shares of BLUCORA INC Common Stock from $30.00 to $40.00 and gave the stock an “outperform” rating in a report on Tuesday, May 15th. BidaskClub raised shares of BLUCORA INC Common Stock from a “buy” rating to a “strong-buy” rating in a report on Thursday. ValuEngine cut shares of BLUCORA INC Common Stock from a “buy” rating to a “hold” rating in a report on Friday, March 23rd. Finally, Benchmark reaffirmed a “buy” rating and issued a $42.00 price objective on shares of BLUCORA INC Common Stock in a report on Thursday, May 10th. One research analyst has rated the stock with a hold rating, five have given a buy rating and two have given a strong buy rating to the company. BLUCORA INC Common Stock has an average rating of “Buy” and an average target price of $37.45.

Shares of BLUCORA INC Common Stock opened at $38.25 on Monday, according to MarketBeat.com. The stock has a market capitalization of $1.80 billion, a P/E ratio of 31.35, a P/E/G ratio of 1.22 and a beta of -0.05. The company has a debt-to-equity ratio of 0.50, a current ratio of 2.34 and a quick ratio of 2.34. BLUCORA INC Common Stock has a 52-week low of $19.05 and a 52-week high of $40.60.

BLUCORA INC Common Stock (NASDAQ:BCOR) last announced its earnings results on Wednesday, May 9th. The information services provider reported $1.20 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of $0.97 by $0.23. The firm had revenue of $206.00 million during the quarter, compared to analyst estimates of $195.65 million. BLUCORA INC Common Stock had a net margin of 7.84% and a return on equity of 13.11%. BLUCORA INC Common Stock’s revenue was up 12.9% compared to the same quarter last year. During the same quarter in the prior year, the firm posted $1.04 EPS. equities research analysts expect that BLUCORA INC Common Stock will post 1.57 EPS for the current fiscal year.

In other BLUCORA INC Common Stock news, insider Mathieu Frederic Stevenson sold 16,786 shares of the stock in a transaction on Wednesday, April 25th. The shares were sold at an average price of $25.85, for a total transaction of $433,918.10. Following the sale, the insider now directly owns 40,846 shares of the company’s stock, valued at $1,055,869.10. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, insider John S. Clendening sold 35,517 shares of the stock in a transaction on Wednesday, April 18th. The stock was sold at an average price of $26.45, for a total transaction of $939,424.65. Following the sale, the insider now directly owns 633,993 shares in the company, valued at $16,769,114.85. The disclosure for this sale can be found here. Insiders sold 94,423 shares of company stock worth $2,623,370 over the last ninety days. 2.91% of the stock is currently owned by corporate insiders.

A number of institutional investors and hedge funds have recently made changes to their positions in BCOR. Park West Asset Management LLC grew its position in BLUCORA INC Common Stock by 57.1% in the 4th quarter. Park West Asset Management LLC now owns 1,490,500 shares of the information services provider’s stock valued at $32,940,000 after buying an additional 541,900 shares in the last quarter. First Trust Advisors LP boosted its position in shares of BLUCORA INC Common Stock by 28.4% during the 4th quarter. First Trust Advisors LP now owns 2,354,491 shares of the information services provider’s stock valued at $52,034,000 after purchasing an additional 520,957 shares in the last quarter. Glenmede Trust Co. NA bought a new position in shares of BLUCORA INC Common Stock during the 4th quarter valued at about $8,486,000. Harvest Capital Strategies LLC boosted its position in shares of BLUCORA INC Common Stock by 54.8% during the 1st quarter. Harvest Capital Strategies LLC now owns 800,000 shares of the information services provider’s stock valued at $19,680,000 after purchasing an additional 283,354 shares in the last quarter. Finally, BlackRock Inc. boosted its position in shares of BLUCORA INC Common Stock by 4.8% during the 4th quarter. BlackRock Inc. now owns 5,826,130 shares of the information services provider’s stock valued at $128,756,000 after purchasing an additional 268,791 shares in the last quarter. Hedge funds and other institutional investors own 94.46% of the company’s stock.

About BLUCORA INC Common Stock

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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