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

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BidaskClub downgraded shares of Blucora (NASDAQ:BCOR) from a sell rating to a strong sell rating in a report released on Saturday, BidAskClub reports.

BCOR has been the subject of several other research reports. ValuEngine raised Blucora from a sell rating to a hold rating in a research note on Friday, May 8th. TheStreet downgraded Blucora from a c rating to a d rating in a research note on Wednesday, May 6th. Finally, Zacks Investment Research downgraded Blucora from a buy rating to a sell rating in a research note on Friday, May 1st. Two investment analysts have rated the stock with a sell rating, three have issued a hold rating and one has issued a buy rating to the company’s stock. The company currently has an average rating of Hold and an average target price of $27.25.

BCOR opened at $11.42 on Friday. Blucora has a twelve month low of $8.66 and a twelve month high of $30.96. The company has a 50-day simple moving average of $12.16 and a 200 day simple moving average of $17.06. The company has a quick ratio of 1.36, a current ratio of 1.36 and a debt-to-equity ratio of 1.27. The stock has a market capitalization of $524.44 million, a price-to-earnings ratio of -1.66, a P/E/G ratio of 0.62 and a beta of 1.16.

Blucora (NASDAQ:BCOR) last posted its quarterly earnings data on Wednesday, May 6th. The information services provider reported $0.90 earnings per share for the quarter, missing the Thomson Reuters’ consensus estimate of $1.58 by ($0.68). Blucora had a positive return on equity of 10.75% and a negative net margin of 43.62%. The firm had revenue of $263.32 million for the quarter, compared to the consensus estimate of $274.99 million. During the same period in the prior year, the company earned $1.56 EPS. The company’s revenue for the quarter was up 16.6% compared to the same quarter last year. Sell-side analysts anticipate that Blucora will post 1.12 EPS for the current fiscal year.

Several institutional investors have recently added to or reduced their stakes in the company. Mason Street Advisors LLC increased its stake in shares of Blucora by 2.8% in the fourth quarter. Mason Street Advisors LLC now owns 17,047 shares of the information services provider’s stock valued at $446,000 after buying an additional 459 shares during the period. Bank of Montreal Can increased its stake in shares of Blucora by 12.0% in the fourth quarter. Bank of Montreal Can now owns 9,014 shares of the information services provider’s stock valued at $235,000 after buying an additional 968 shares during the period. Comerica Bank increased its stake in shares of Blucora by 3.0% in the first quarter. Comerica Bank now owns 47,568 shares of the information services provider’s stock valued at $638,000 after buying an additional 1,406 shares during the period. Victory Capital Management Inc. increased its stake in shares of Blucora by 20.4% in the fourth quarter. Victory Capital Management Inc. now owns 8,499 shares of the information services provider’s stock valued at $222,000 after buying an additional 1,441 shares during the period. Finally, Swiss National Bank increased its stake in shares of Blucora by 1.6% in the first quarter. Swiss National Bank now owns 94,900 shares of the information services provider’s stock valued at $1,144,000 after buying an additional 1,500 shares during the period. 95.16% of the stock is owned by institutional investors.

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.

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