Shares of Blucora Inc (NASDAQ:BCOR) have been given an average rating of “Buy” by the ten brokerages that are presently covering the company, Marketbeat reports. One equities research analyst has rated the stock with a sell rating, one has assigned a hold rating and seven have given a buy rating to the company. The average twelve-month price target among analysts that have updated their coverage on the stock in the last year is $37.56.
A number of research firms have commented on BCOR. Zacks Investment Research lowered shares of Blucora from a “buy” rating to a “hold” rating in a research report on Tuesday, January 1st. BidaskClub upgraded shares of Blucora from a “hold” rating to a “buy” rating in a research report on Friday, January 25th. ValuEngine lowered shares of Blucora from a “strong-buy” rating to a “buy” rating in a research report on Thursday, November 1st. Finally, Barrington Research restated a “buy” rating on shares of Blucora in a research report on Friday, February 1st.
A number of large investors have recently added to or reduced their stakes in BCOR. Millennium Management LLC boosted its position in Blucora by 140.2% in the second quarter. Millennium Management LLC now owns 39,375 shares of the information services provider’s stock valued at $1,457,000 after buying an additional 22,984 shares in the last quarter. Bank of New York Mellon Corp raised its stake in shares of Blucora by 4.7% in the second quarter. Bank of New York Mellon Corp now owns 550,218 shares of the information services provider’s stock worth $20,358,000 after acquiring an additional 24,657 shares during the last quarter. Northern Trust Corp raised its stake in shares of Blucora by 16.8% in the second quarter. Northern Trust Corp now owns 633,573 shares of the information services provider’s stock worth $23,443,000 after acquiring an additional 91,351 shares during the last quarter. United Services Automobile Association raised its stake in shares of Blucora by 61.5% in the second quarter. United Services Automobile Association now owns 100,808 shares of the information services provider’s stock worth $3,730,000 after acquiring an additional 38,392 shares during the last quarter. Finally, First Hawaiian Bank bought a new position in shares of Blucora in the third quarter worth about $373,000. Hedge funds and other institutional investors own 97.40% of the company’s stock.
NASDAQ:BCOR traded up $0.03 on Friday, reaching $31.02. The stock had a trading volume of 105,862 shares, compared to its average volume of 173,419. The firm has a market cap of $1.49 billion, a PE ratio of 25.43, a price-to-earnings-growth ratio of 0.92 and a beta of 0.41. Blucora has a 1-year low of $21.15 and a 1-year high of $41.35. 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 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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