BLUCORA INC Common Stock (BCOR) Sets New 1-Year High and Low at $38.20

BLUCORA INC Common Stock (NASDAQ:BCOR)’s share price hit a new 52-week high and low on Friday . The stock traded as low as $38.20 and last traded at $38.45, with a volume of 5692 shares changing hands. The stock had previously closed at $37.95.

BCOR has been the subject of several analyst reports. Barrington Research restated a “buy” rating on shares of BLUCORA INC Common Stock in a report on Tuesday, April 3rd. Zacks Investment Research cut BLUCORA INC Common Stock from a “hold” rating to a “sell” rating in a report on Wednesday, February 28th. ValuEngine upgraded BLUCORA INC Common Stock from a “hold” rating to a “buy” rating in a report on Wednesday, February 28th. Benchmark restated a “buy” rating and issued a $32.00 price objective on shares of BLUCORA INC Common Stock in a report on Friday, February 16th. Finally, BidaskClub upgraded BLUCORA INC Common Stock from a “hold” rating to a “buy” rating in a report on Thursday, March 29th. Five research analysts have rated the stock with a buy rating and two have given a strong buy rating to the company’s stock. BLUCORA INC Common Stock currently has a consensus rating of “Buy” and an average price target of $35.05.

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The firm has a market cap of $1.76 billion, a price-to-earnings ratio of 31.27, a PEG ratio of 1.20 and a beta of -0.11. 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 (NASDAQ:BCOR) last posted its quarterly earnings results on Wednesday, May 9th. The information services provider reported $1.20 EPS for the quarter, topping analysts’ consensus estimates of $0.97 by $0.23. BLUCORA INC Common Stock had a return on equity of 13.11% and a net margin of 7.84%. The business had revenue of $206.00 million during the quarter, compared to analysts’ expectations of $195.65 million. During the same quarter last year, the company posted $1.04 earnings per share. BLUCORA INC Common Stock’s quarterly revenue was up 12.9% on a year-over-year basis. equities analysts forecast that BLUCORA INC Common Stock will post 1.57 earnings per share for the current year.

In other BLUCORA INC Common Stock news, CEO John S. Clendening sold 35,516 shares of the firm’s stock in a transaction that occurred on Wednesday, May 9th. The shares were sold at an average price of $29.06, for a total transaction of $1,032,094.96. Following the completion of the sale, the chief executive officer now directly owns 624,392 shares in the company, valued at $18,144,831.52. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. Also, insider John David Palmer sold 6,604 shares of the firm’s stock in a transaction that occurred on Friday, May 11th. The stock was sold at an average price of $33.00, for a total transaction of $217,932.00. Following the sale, the insider now owns 11,698 shares of the company’s stock, valued at $386,034. The disclosure for this sale can be found here. Insiders have sold 123,223 shares of company stock valued at $3,339,050 in the last quarter. 2.91% of the stock is currently owned by corporate insiders.

A number of hedge funds have recently modified their holdings of the business. Allianz Asset Management GmbH lifted its position in BLUCORA INC Common Stock by 4.5% during the first quarter. Allianz Asset Management GmbH now owns 796,650 shares of the information services provider’s stock worth $19,598,000 after acquiring an additional 34,536 shares during the last quarter. Principal Financial Group Inc. lifted its position in BLUCORA INC Common Stock by 3.1% during the first quarter. Principal Financial Group Inc. now owns 431,545 shares of the information services provider’s stock worth $10,616,000 after acquiring an additional 13,123 shares during the last quarter. WINTON GROUP Ltd acquired a new stake in BLUCORA INC Common Stock during the first quarter worth approximately $443,000. Legal & General Group Plc lifted its position in BLUCORA INC Common Stock by 2.9% during the first quarter. Legal & General Group Plc now owns 97,001 shares of the information services provider’s stock worth $2,369,000 after acquiring an additional 2,761 shares during the last quarter. Finally, Harvest Capital Strategies LLC lifted its position in BLUCORA INC Common Stock by 54.8% during the first quarter. Harvest Capital Strategies LLC now owns 800,000 shares of the information services provider’s stock worth $19,680,000 after acquiring an additional 283,354 shares during the last quarter. Hedge funds and other institutional investors own 94.75% of the company’s stock.

BLUCORA INC Common Stock 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.