Media coverage about Blucora (NASDAQ:BCOR) has trended somewhat positive this week, AlphaOne Sentiment reports. The research group, a subsidiary of Accern, scores the sentiment of media coverage by analyzing more than 20 million news and blog sources. AlphaOne ranks coverage of companies on a scale of negative one to one, with scores closest to one being the most favorable. Blucora earned a news impact score of 0.18 on AlphaOne’s scale. AlphaOne also gave news headlines about the information services provider an impact score of 63 out of 100, meaning that recent media coverage is somewhat likely to have an effect on the stock’s share price in the near future.
BCOR has been the topic of a number of research analyst reports. Benchmark Co. boosted their price objective on shares of Blucora from $18.00 to $19.00 and gave the company a “buy” rating in a research report on Friday, February 17th. TheStreet raised shares of Blucora from a “d+” rating to a “c-” rating in a research report on Friday, February 17th. Zacks Investment Research downgraded shares of Blucora from a “hold” rating to a “strong sell” rating in a research report on Friday, February 24th. Standpoint Research downgraded shares of Blucora from a “buy” rating to a “hold” rating in a research report on Friday, March 3rd. Finally, Craig Hallum assumed coverage on shares of Blucora in a research report on Wednesday, April 19th. They issued a “buy” rating and a $25.00 target price on the stock. Two analysts have rated the stock with a hold rating and three have assigned a buy rating to the company. Blucora has a consensus rating of “Buy” and a consensus price target of $23.00.
Shares of Blucora (NASDAQ:BCOR) remained flat at $21.00 during trading on Friday. The stock had a trading volume of 190,589 shares. Blucora has a 12 month low of $8.11 and a 12 month high of $21.75. The stock’s 50-day moving average is $18.61 and its 200 day moving average is $15.98. The stock’s market cap is $902.56 million.
Blucora (NASDAQ:BCOR) last released its quarterly earnings results on Thursday, May 4th. The information services provider reported $1.04 earnings per share for the quarter, topping the consensus estimate of $0.95 by $0.09. The company had revenue of $182.40 million during the quarter, compared to the consensus estimate of $179.29 million. Blucora had a positive return on equity of 3.38% and a negative net margin of 27.61%. Blucora’s revenue was up 10.0% compared to the same quarter last year. During the same quarter last year, the business posted $0.94 earnings per share. On average, equities research analysts expect that Blucora will post $1.38 EPS for the current fiscal year.
In other news, Director Andrew Miles Snyder sold 79,030 shares of Blucora stock in a transaction on Tuesday, May 16th. The stock was sold at an average price of $21.24, for a total value of $1,678,597.20. Following the completion of the sale, the director now owns 51,986 shares of the company’s stock, valued at $1,104,182.64. The sale was disclosed in a document filed with the SEC, which is available through the SEC website. Also, Director Christopher William Walters sold 7,403 shares of Blucora stock in a transaction on Thursday, May 11th. The shares were sold at an average price of $21.13, for a total value of $156,425.39. Following the completion of the sale, the director now directly owns 32,407 shares of the company’s stock, valued at approximately $684,759.91. The disclosure for this sale can be found here. Insiders have sold 792,343 shares of company stock valued at $14,325,430 in the last three months. 10.40% of the stock is currently owned by company insiders.
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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