Blucora Inc (NASDAQ:BCOR) was the recipient of a large growth in short interest during the month of November. As of November 29th, there was short interest totalling 1,020,000 shares, a growth of 35.7% from the November 14th total of 751,800 shares. Based on an average trading volume of 434,100 shares, the days-to-cover ratio is presently 2.3 days. Currently, 2.1% of the company’s stock are sold short.
BCOR stock traded down $0.27 during mid-day trading on Friday, reaching $25.73. 253,165 shares of the company traded hands, compared to its average volume of 288,910. The company has a debt-to-equity ratio of 0.61, a current ratio of 1.84 and a quick ratio of 1.84. The company has a market capitalization of $1.27 billion, a P/E ratio of 14.44, a P/E/G ratio of 0.65 and a beta of 0.77. Blucora has a 52-week low of $18.40 and a 52-week high of $37.17. The company has a fifty day moving average price of $24.08 and a 200-day moving average price of $24.43.
Blucora (NASDAQ:BCOR) last posted its earnings results on Wednesday, November 6th. The information services provider reported ($0.20) earnings per share for the quarter, meeting the Zacks’ consensus estimate of ($0.20). The business had revenue of $149.00 million during the quarter, compared to analyst estimates of $148.58 million. Blucora had a return on equity of 13.87% and a net margin of 2.22%. The company’s quarterly revenue was up 56.2% compared to the same quarter last year. During the same quarter in the previous year, the firm earned ($0.09) EPS. As a group, analysts forecast that Blucora will post 1.63 EPS for the current year.
In other news, CEO John S. Clendening sold 14,250 shares of Blucora stock in a transaction on Monday, December 16th. The stock was sold at an average price of $24.92, for a total transaction of $355,110.00. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Also, CEO John S. Clendening sold 54,250 shares of Blucora stock in a transaction on Monday, October 7th. The stock was sold at an average price of $21.20, for a total value of $1,150,100.00. Following the sale, the chief executive officer now owns 704,467 shares in the company, valued at $14,934,700.40. The disclosure for this sale can be found here. 3.40% of the stock is owned by insiders.
Several hedge funds and other institutional investors have recently modified their holdings of BCOR. FMR LLC raised its holdings in shares of Blucora by 47.3% during the first quarter. FMR LLC now owns 670,352 shares of the information services provider’s stock valued at $22,376,000 after acquiring an additional 215,375 shares in the last quarter. Arizona State Retirement System raised its holdings in Blucora by 0.9% in the second quarter. Arizona State Retirement System now owns 75,063 shares of the information services provider’s stock worth $2,280,000 after purchasing an additional 703 shares in the last quarter. Strs Ohio raised its holdings in Blucora by 7.3% in the second quarter. Strs Ohio now owns 10,300 shares of the information services provider’s stock worth $312,000 after purchasing an additional 700 shares in the last quarter. Los Angeles Capital Management & Equity Research Inc. raised its holdings in Blucora by 98.9% in the second quarter. Los Angeles Capital Management & Equity Research Inc. now owns 46,850 shares of the information services provider’s stock worth $1,423,000 after purchasing an additional 23,295 shares in the last quarter. Finally, Aperio Group LLC raised its holdings in Blucora by 2.4% in the second quarter. Aperio Group LLC now owns 17,945 shares of the information services provider’s stock worth $545,000 after purchasing an additional 421 shares in the last quarter. 94.38% of the stock is owned by institutional investors.
BCOR has been the topic of a number of recent analyst reports. ValuEngine upgraded Blucora from a “sell” rating to a “hold” rating in a research note on Wednesday, October 2nd. TheStreet cut Blucora from a “b-” rating to a “c” rating in a research note on Wednesday, November 6th. Zacks Investment Research cut Blucora from a “hold” rating to a “sell” rating in a research note on Monday, November 11th. Barrington Research set a $36.00 price objective on Blucora and gave the company a “buy” rating in a research note on Friday, October 11th. Finally, BidaskClub upgraded Blucora from a “buy” rating to a “strong-buy” rating in a research note on Wednesday, December 25th. One equities research analyst has rated the stock with a sell rating, two have given a hold rating, one has given a buy rating and one has issued a strong buy rating to the company. The company presently has an average rating of “Hold” and a consensus target price of $30.00.
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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