BidaskClub Downgrades Blucora (NASDAQ:BCOR) to Strong Sell

BidaskClub lowered shares of Blucora (NASDAQ:BCOR) from a sell rating to a strong sell rating in a report published on Wednesday, December 6th.

A number of other brokerages also recently issued reports on BCOR. TheStreet downgraded shares of Blucora from a b- rating to a c rating in a report on Monday, October 30th. Zacks Investment Research downgraded shares of Blucora from a buy rating to a hold rating in a report on Thursday, September 28th. Finally, Benchmark restated a buy rating and set a $30.00 price objective on shares of Blucora in a research report on Monday, November 20th. One research analyst has rated the stock with a sell rating, three have assigned a hold rating and three have issued a buy rating to the company’s stock. The company presently has a consensus rating of Hold and a consensus target price of $27.00.

Blucora (NASDAQ BCOR) traded down $0.05 during trading hours on Wednesday, hitting $22.10. 552,296 shares of the stock traded hands, compared to its average volume of 453,983. The company has a debt-to-equity ratio of 0.65, a quick ratio of 2.23 and a current ratio of 2.23. The company has a market cap of $1,021.69, a price-to-earnings ratio of -245.53, a P/E/G ratio of 0.97 and a beta of -0.32. Blucora has a twelve month low of $14.25 and a twelve month high of $26.15.

Blucora (NASDAQ:BCOR) last released its earnings results on Thursday, October 26th. The information services provider reported ($0.12) earnings per share for the quarter, topping the consensus estimate of ($0.19) by $0.07. The company had revenue of $90.20 million for the quarter, compared to the consensus estimate of $89.72 million. Blucora had a negative net margin of 0.46% and a positive return on equity of 11.94%. Blucora’s revenue was up 8.4% compared to the same quarter last year. During the same quarter in the previous year, the firm earned ($0.24) EPS. sell-side analysts expect that Blucora will post 1.14 EPS for the current fiscal year.

A number of institutional investors have recently added to or reduced their stakes in BCOR. Vanguard Group Inc. increased its position in Blucora by 28.0% during the second quarter. Vanguard Group Inc. now owns 4,629,622 shares of the information services provider’s stock worth $98,148,000 after purchasing an additional 1,013,363 shares during the last quarter. Arrowstreet Capital Limited Partnership increased its position in Blucora by 996.3% during the second quarter. Arrowstreet Capital Limited Partnership now owns 494,428 shares of the information services provider’s stock worth $10,482,000 after purchasing an additional 449,328 shares during the last quarter. Renaissance Technologies LLC increased its position in Blucora by 36.2% during the second quarter. Renaissance Technologies LLC now owns 1,615,200 shares of the information services provider’s stock worth $34,242,000 after purchasing an additional 429,600 shares during the last quarter. JPMorgan Chase & Co. boosted its stake in Blucora by 304.4% during the second quarter. JPMorgan Chase & Co. now owns 517,475 shares of the information services provider’s stock worth $10,971,000 after buying an additional 389,529 shares during the period. Finally, Prudential Financial Inc. boosted its stake in Blucora by 156.6% during the second quarter. Prudential Financial Inc. now owns 596,093 shares of the information services provider’s stock worth $12,638,000 after buying an additional 363,809 shares during the period. Hedge funds and other institutional investors own 90.58% of the company’s stock.

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About Blucora

Blucora, Inc is a provider of technology-enabled financial solutions to consumers, small business owners and tax professionals. The Company operates through the Wealth Management and Tax Preparation segments. The Company’s Wealth Management segment consists of HD Vest, which provides financial advisors with an integrated platform of brokerage, investment advisory and insurance services to assist in making each financial advisor a financial service center for his/her clients The Company’s Tax Preparation segment provides digital do-it-yourself (DDIY) tax preparation solutions for consumers, small business owners and tax professionals.

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