Blucora (BCOR) Given Coverage Optimism Rating of 0.19

Headlines about Blucora (NASDAQ:BCOR) have trended somewhat positive recently, according to Accern Sentiment. Accern rates the sentiment of press coverage by reviewing more than twenty million news and blog sources in real-time. Accern ranks coverage of publicly-traded companies on a scale of negative one to positive one, with scores closest to one being the most favorable. Blucora earned a media sentiment score of 0.19 on Accern’s scale. Accern also assigned media stories about the information services provider an impact score of 46.9602492209696 out of 100, indicating that recent press coverage is somewhat unlikely to have an effect on the stock’s share price in the immediate future.

Here are some of the news stories that may have impacted Accern Sentiment’s analysis:

NASDAQ BCOR traded up $0.50 on Thursday, hitting $24.60. 460,740 shares of the stock were exchanged, compared to its average volume of 380,532. The company has a current ratio of 1.92, a quick ratio of 1.92 and a debt-to-equity ratio of 0.62. Blucora has a 52 week low of $16.65 and a 52 week high of $26.15. The firm has a market capitalization of $1,123.39, a P/E ratio of 42.41, a price-to-earnings-growth ratio of 0.81 and a beta of -0.10.

Blucora (NASDAQ:BCOR) last issued its quarterly earnings data on Thursday, February 15th. The information services provider reported ($0.12) earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of ($0.25) by $0.13. Blucora had a net margin of 5.31% and a return on equity of 11.22%. The company had revenue of $97.85 million for the quarter, compared to analyst estimates of $91.99 million. During the same period in the prior year, the firm earned ($0.18) earnings per share. The company’s revenue was up 12.7% on a year-over-year basis. research analysts anticipate that Blucora will post 1.48 EPS for the current fiscal year.

Several brokerages recently issued reports on BCOR. BidaskClub raised shares of Blucora from a “hold” rating to a “buy” rating in a report on Thursday. ValuEngine downgraded shares of Blucora from a “buy” rating to a “hold” rating in a research note on Friday, March 23rd. William Blair assumed coverage on shares of Blucora in a research note on Tuesday, March 20th. They set an “outperform” rating and a $16.23 price target for the company. Zacks Investment Research downgraded shares of Blucora from a “hold” rating to a “sell” rating in a research note on Wednesday, February 28th. Finally, TheStreet upgraded shares of Blucora from a “c” rating to a “b” rating in a report on Thursday, February 15th. One investment analyst has rated the stock with a sell rating, one has given a hold rating and five have given a buy rating to the company. The stock presently has a consensus rating of “Buy” and a consensus price target of $25.25.

In other Blucora news, insider John S. Clendening sold 28,800 shares of the stock in a transaction dated Monday, February 26th. The shares were sold at an average price of $24.85, for a total transaction of $715,680.00. Following the sale, the insider now directly owns 645,548 shares in the company, valued at $16,041,867.80. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Also, CMO Mathieu Frederic Stevenson sold 33,572 shares of the firm’s stock in a transaction that occurred on Tuesday, February 20th. The shares were sold at an average price of $24.03, for a total transaction of $806,735.16. Following the completion of the sale, the chief marketing officer now owns 58,882 shares in the company, valued at $1,414,934.46. The disclosure for this sale can be found here. Insiders sold 175,272 shares of company stock worth $4,273,842 over the last 90 days. 14.10% of the stock is currently owned by corporate insiders.

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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.

Insider Buying and Selling by Quarter for Blucora (NASDAQ:BCOR)

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