Blucora (NASDAQ:BCOR) had its price target decreased by Craig Hallum from $40.00 to $30.00 in a research report sent to investors on Thursday, The Fly reports. Craig Hallum currently has an in-line rating on the information services provider’s stock.

A number of other brokerages also recently issued reports on BCOR. Zacks Investment Research downgraded shares of Blucora from a strong-buy rating to a hold rating in a report on Monday, October 14th. ValuEngine upgraded shares of Blucora from a sell rating to a hold rating in a report on Wednesday, October 2nd. BidaskClub upgraded shares of Blucora from a sell rating to a hold rating in a report on Thursday, October 24th. Finally, Barrington Research set a $36.00 price target on shares of Blucora and gave the company a buy rating in a report on Friday, October 11th. Four analysts have rated the stock with a hold rating and one has assigned a buy rating to the company. Blucora has an average rating of Hold and a consensus target price of $30.00.

BCOR stock traded up $0.63 on Thursday, hitting $19.80. The company had a trading volume of 334,600 shares, compared to its average volume of 322,960. The company has a current ratio of 2.05, a quick ratio of 2.05 and a debt-to-equity ratio of 0.55. The stock has a market cap of $1.09 billion, a price-to-earnings ratio of 13.03, a P/E/G ratio of 0.67 and a beta of 0.68. The stock’s 50-day simple moving average is $21.29 and its 200 day simple moving average is $26.94. Blucora has a 12-month low of $18.40 and a 12-month high of $37.17.

Blucora (NASDAQ:BCOR) last announced its quarterly earnings results on Wednesday, November 6th. The information services provider reported ($0.20) earnings per share (EPS) for the quarter, meeting analysts’ consensus estimates of ($0.20). The company had revenue of $149.00 million for the quarter, compared to the consensus estimate of $148.58 million. Blucora had a net margin of 10.27% and a return on equity of 14.94%. Blucora’s revenue for the quarter was up 56.2% compared to the same quarter last year. During the same period in the previous year, the firm posted ($0.09) EPS. Research analysts forecast that Blucora will post 1.66 earnings per share for the current year.

In other Blucora news, CEO John S. Clendening sold 54,250 shares of Blucora stock in a transaction on Monday, October 7th. The shares were sold at an average price of $21.20, for a total value of $1,150,100.00. Following the completion of the transaction, the chief executive officer now directly owns 704,467 shares of the company’s stock, valued at approximately $14,934,700.40. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Insiders own 3.40% of the company’s stock.

Several large investors have recently modified their holdings of BCOR. NumerixS Investment Technologies Inc purchased a new position in shares of Blucora during the 2nd quarter worth about $67,000. Point72 Hong Kong Ltd purchased a new position in shares of Blucora during the 2nd quarter worth about $107,000. Lavaca Capital LLC purchased a new position in shares of Blucora during the 3rd quarter worth about $207,000. Massachusetts Financial Services Co. MA boosted its stake in shares of Blucora by 12.5% during the 3rd quarter. Massachusetts Financial Services Co. MA now owns 10,884 shares of the information services provider’s stock worth $236,000 after purchasing an additional 1,213 shares during the period. Finally, Ellington Management Group LLC purchased a new position in shares of Blucora during the 2nd quarter worth about $249,000. 94.74% of the stock is owned by institutional investors and hedge funds.

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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