BidaskClub upgraded shares of Blucora (NASDAQ:BCOR) from a strong sell rating to a sell rating in a research note released on Thursday, BidAskClub reports.

Several other research firms have also weighed in on BCOR. Barrington Research reissued a buy rating and set a $36.00 price objective on shares of Blucora in a research note on Monday, August 12th. ValuEngine lowered Blucora from a hold rating to a sell rating in a research note on Thursday, September 5th. Finally, Zacks Investment Research lowered Blucora from a hold rating to a sell rating in a research note on Monday, August 12th. Three investment analysts have rated the stock with a sell rating and two have issued a buy rating to the company. The company presently has an average rating of Hold and an average price target of $38.00.

Shares of BCOR stock traded up $0.74 during mid-day trading on Thursday, hitting $25.24. 302,877 shares of the stock traded hands, compared to its average volume of 283,832. Blucora has a twelve month low of $20.82 and a twelve month high of $41.35. The firm has a market cap of $1.23 billion, a price-to-earnings ratio of 16.61, a price-to-earnings-growth ratio of 0.70 and a beta of 0.72. The company’s 50-day simple moving average is $24.42 and its 200-day simple moving average is $29.75. The company has a debt-to-equity ratio of 0.55, a quick ratio of 2.05 and a current ratio of 2.05.

Blucora (NASDAQ:BCOR) last issued its quarterly earnings results on Wednesday, August 7th. The information services provider reported $0.83 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.71 by $0.12. The company had revenue of $193.70 million for the quarter, compared to analysts’ expectations of $191.26 million. Blucora had a return on equity of 14.94% and a net margin of 10.27%. The firm’s revenue for the quarter was up 22.8% on a year-over-year basis. During the same period last year, the firm earned $0.97 EPS. Analysts forecast that Blucora will post 1.67 earnings per share for the current year.

In other news, CEO John S. Clendening sold 10,000 shares of the firm’s stock in a transaction on Wednesday, July 17th. The stock was sold at an average price of $29.23, for a total transaction of $292,300.00. Following the completion of the sale, the chief executive officer now directly owns 721,217 shares of the company’s stock, valued at approximately $21,081,172.91. The transaction was disclosed in a filing with the SEC, which is accessible through this hyperlink. Company insiders own 3.40% of the company’s stock.

Several institutional investors have recently modified their holdings of the company. Oregon Public Employees Retirement Fund boosted its position in shares of Blucora by 1.8% in the first quarter. Oregon Public Employees Retirement Fund now owns 18,578 shares of the information services provider’s stock worth $620,000 after buying an additional 336 shares during the period. Aperio Group LLC boosted its position in shares of 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 buying an additional 421 shares during the period. Affinity Investment Advisors LLC boosted its position in shares of Blucora by 4.0% in the second quarter. Affinity Investment Advisors LLC now owns 14,195 shares of the information services provider’s stock worth $431,000 after buying an additional 541 shares during the period. Mason Street Advisors LLC boosted its position in shares of Blucora by 3.9% in the first quarter. Mason Street Advisors LLC now owns 15,481 shares of the information services provider’s stock worth $517,000 after buying an additional 584 shares during the period. Finally, Strs Ohio boosted its position in shares of 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 buying an additional 700 shares during the period. 94.82% of the stock is owned by institutional investors and hedge funds.

About Blucora

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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