BidaskClub Downgrades Blucora (BCOR) to Sell

BidaskClub downgraded shares of Blucora (NASDAQ:BCOR) from a hold rating to a sell rating in a research report report published on Thursday morning.

BCOR has been the subject of a number of other research reports. Zacks Investment Research lowered shares of Blucora from a buy rating to a hold rating in a research report on Thursday, September 28th. ValuEngine raised shares of Blucora from a hold rating to a buy rating in a research report on Sunday, December 31st. Benchmark reissued a buy rating and set a $30.00 target price on shares of Blucora in a research report on Monday, November 20th. Finally, TheStreet lowered shares of Blucora from a b- rating to a c rating in a research report on Monday, October 30th. One equities research analyst has rated the stock with a sell rating, two have issued a hold rating and four have assigned a buy rating to the company. Blucora presently has a consensus rating of Hold and an average price target of $27.00.

Blucora (NASDAQ:BCOR) opened at $24.05 on Thursday. The firm has a market cap of $1,110.00, a price-to-earnings ratio of 801.67, a price-to-earnings-growth ratio of 0.73 and a beta of -0.32. The company has a current ratio of 2.23, a quick ratio of 2.23 and a debt-to-equity ratio of 0.65. Blucora has a 52-week low of $14.25 and a 52-week high of $26.15.

Several institutional investors and hedge funds have recently made changes to their positions in BCOR. Sei Investments Co. raised its position in shares of Blucora by 15,869.2% during the third quarter. Sei Investments Co. now owns 4,152 shares of the information services provider’s stock valued at $110,000 after buying an additional 4,126 shares during the last quarter. Robeco Institutional Asset Management B.V. acquired a new position in shares of Blucora during the third quarter valued at about $124,000. C M Bidwell & Associates Ltd. acquired a new position in shares of Blucora during the second quarter valued at about $179,000. Trexquant Investment LP acquired a new position in shares of Blucora during the third quarter valued at about $201,000. Finally, Crossmark Global Holdings Inc. acquired a new position in shares of Blucora during the third quarter valued at about $204,000. 90.58% of the stock is owned by institutional investors and hedge funds.

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About Blucora

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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