Blucora (NASDAQ:BCOR) Downgraded to “Sell” at ValuEngine

ValuEngine downgraded shares of Blucora (NASDAQ:BCOR) from a hold rating to a sell rating in a research note issued to investors on Thursday, September 5th, ValuEngine reports.

Other analysts have also issued reports about the stock. Barrington Research reiterated a buy rating and issued a $36.00 price target on shares of Blucora in a research report on Monday, August 12th. BidaskClub lowered shares of Blucora from a sell rating to a strong sell rating in a research report on Thursday, August 8th. Finally, Zacks Investment Research lowered shares of Blucora from a hold rating to a sell rating in a research report on Monday, August 12th. Three analysts have rated the stock with a sell rating and two have issued a buy rating to the company. Blucora presently has an average rating of Hold and a consensus target price of $38.00.

NASDAQ BCOR traded up $0.62 during trading hours on Thursday, hitting $25.12. The company had a trading volume of 145 shares, compared to its average volume of 344,035. The company has a debt-to-equity ratio of 0.55, a quick ratio of 2.05 and a current ratio of 2.05. Blucora has a 1-year low of $20.82 and a 1-year high of $41.35. The company has a market cap of $1.23 billion, a PE ratio of 16.56, a price-to-earnings-growth ratio of 0.70 and a beta of 0.72. The business has a 50 day moving average of $24.42 and a 200-day moving average of $29.75.

Blucora (NASDAQ:BCOR) last released its quarterly earnings data on Wednesday, August 7th. The information services provider reported $0.83 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.71 by $0.12. The company had revenue of $193.70 million during the quarter, compared to the consensus estimate of $191.26 million. Blucora had a net margin of 10.27% and a return on equity of 14.94%. Blucora’s revenue for the quarter was up 22.8% on a year-over-year basis. During the same quarter in the prior year, the firm posted $0.97 earnings per share. Sell-side analysts expect that Blucora will post 1.67 earnings per share for the current fiscal year.

In other Blucora news, CEO John S. Clendening sold 10,000 shares of the stock in a transaction that occurred on Wednesday, July 17th. The shares were sold at an average price of $29.23, for a total transaction of $292,300.00. Following the transaction, the chief executive officer now owns 721,217 shares of the company’s stock, valued at $21,081,172.91. The transaction was disclosed in a legal filing with the SEC, which is accessible through the SEC website. Company insiders own 3.40% of the company’s stock.

Several hedge funds have recently modified their holdings of the company. BlackRock Inc. raised its stake in shares of Blucora by 2.8% in the 2nd quarter. BlackRock Inc. now owns 7,103,096 shares of the information services provider’s stock valued at $215,722,000 after acquiring an additional 192,034 shares during the period. Vanguard Group Inc. raised its holdings in shares of Blucora by 0.7% in the 2nd quarter. Vanguard Group Inc. now owns 4,917,736 shares of the information services provider’s stock worth $149,353,000 after purchasing an additional 35,410 shares in the last quarter. Renaissance Technologies LLC raised its holdings in shares of Blucora by 2.0% in the 2nd quarter. Renaissance Technologies LLC now owns 2,733,300 shares of the information services provider’s stock worth $83,010,000 after purchasing an additional 54,600 shares in the last quarter. First Trust Advisors LP raised its holdings in shares of Blucora by 7.4% in the 1st 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 in the last quarter. Finally, Rothschild & Co. Asset Management US Inc. raised its holdings in shares of Blucora by 3.0% in the 2nd quarter. Rothschild & Co. Asset Management US Inc. now owns 789,558 shares of the information services provider’s stock worth $23,979,000 after purchasing an additional 22,728 shares in the last quarter. 94.82% of the stock is currently owned by institutional investors and hedge funds.

About Blucora

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.

Featured Article: Why are analyst ratings important in trading stocks?

To view ValuEngine’s full report, visit ValuEngine’s official website.

Receive News & Ratings for Blucora Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Blucora and related companies with MarketBeat.com's FREE daily email newsletter.