News stories about Blucora (NASDAQ:BCOR) have trended positive on Saturday, according to Accern Sentiment Analysis. Accern identifies negative and positive press coverage by monitoring more than 20 million blog and news sources in real-time. Accern ranks coverage of public companies on a scale of negative one to positive one, with scores closest to one being the most favorable. Blucora earned a daily sentiment score of 0.35 on Accern’s scale. Accern also assigned media coverage about the information services provider an impact score of 100 out of 100, meaning that recent press coverage is extremely likely to have an effect on the stock’s share price in the immediate future.
Here are some of the media headlines that may have effected Accern Sentiment’s analysis:
- Blucora’s (BCOR) CEO John Clendening on Q2 2017 Results – Earnings Call Transcript (seekingalpha.com)
- Blucora Reaches Analyst Target Price (nasdaq.com)
- Barrington Research Raises Blucora, Inc. (NASDAQ:BCOR) Price Target to $28.00 (americanbankingnews.com)
- Edited Transcript of BCOR earnings conference call or presentation 27-Jul-17 12:30pm GMT (finance.yahoo.com)
- Blucora, Inc. :BCOR-US: Earnings Analysis: Q2, 2017 By the Numbers : July 28, 2017 (finance.yahoo.com)
Shares of Blucora (NASDAQ:BCOR) traded down 3.58% on Friday, reaching $22.90. 569,359 shares of the company’s stock traded hands. Blucora has a 12-month low of $9.90 and a 12-month high of $24.00. The firm’s market cap is $999.45 million. The stock has a 50-day moving average of $20.98 and a 200 day moving average of $18.26.
Blucora (NASDAQ:BCOR) last issued its earnings results on Thursday, July 27th. The information services provider reported $0.70 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of $0.66 by $0.04. The firm had revenue of $139.20 million during the quarter, compared to analyst estimates of $136.07 million. Blucora had a negative net margin of 8.03% and a positive return on equity of 11.92%. The business’s revenue was up 15.9% on a year-over-year basis. During the same period in the previous year, the firm earned $0.55 earnings per share. On average, equities research analysts expect that Blucora will post $1.38 earnings per share for the current year.
BCOR has been the subject of a number of recent analyst reports. Craig Hallum initiated coverage on shares of Blucora in a report on Wednesday, April 19th. They set a “buy” rating and a $25.00 price target for the company. Zacks Investment Research upgraded shares of Blucora from a “strong sell” rating to a “buy” rating and set a $20.00 price target for the company in a report on Tuesday, April 25th. Barrington Research upped their price target on shares of Blucora from $20.00 to $23.00 and gave the company an “outperform” rating in a report on Friday, May 5th. Benchmark Co. upped their price target on shares of Blucora from $19.00 to $23.00 and gave the company a “buy” rating in a report on Friday, May 5th. Finally, ValuEngine upgraded shares of Blucora from a “hold” rating to a “buy” rating in a report on Friday, June 2nd. Three analysts have rated the stock with a hold rating and three have assigned a buy rating to the company’s stock. The company presently has a consensus rating of “Buy” and a consensus target price of $24.25.
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In related news, CFO Eric Michael Emans sold 89,800 shares of Blucora stock in a transaction dated Monday, June 19th. The stock was sold at an average price of $21.65, for a total value of $1,944,170.00. Following the completion of the sale, the chief financial officer now directly owns 154,897 shares in the company, valued at $3,353,520.05. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, Director Christopher William Walters sold 1,866 shares of the business’s stock in a transaction dated Monday, May 15th. The stock was sold at an average price of $21.02, for a total transaction of $39,223.32. Following the completion of the transaction, the director now owns 30,541 shares of the company’s stock, valued at $641,971.82. The disclosure for this sale can be found here. Insiders sold 605,533 shares of company stock valued at $12,547,925 over the last 90 days. 14.10% of the stock is currently owned by corporate 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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