Blucora, Inc. (NASDAQ:BCOR – Get Rating) shares crossed above its two hundred day moving average during trading on Wednesday . The stock has a two hundred day moving average of $18.26 and traded as high as $19.72. Blucora shares last traded at $19.66, with a volume of 193,651 shares traded.
Analysts Set New Price Targets
A number of research firms have weighed in on BCOR. Cantor Fitzgerald assumed coverage on shares of Blucora in a report on Monday, July 11th. They set an “overweight” rating and a $22.00 target price on the stock. StockNews.com raised shares of Blucora from a “hold” rating to a “buy” rating in a research note on Monday, June 27th.
Blucora Stock Up 1.8 %
The company has a current ratio of 1.86, a quick ratio of 1.86 and a debt-to-equity ratio of 1.59. The stock’s 50-day moving average is $17.82 and its 200-day moving average is $18.26. The company has a market cap of $928.90 million, a price-to-earnings ratio of 70.22, a P/E/G ratio of 0.98 and a beta of 1.33.
Institutional Trading of Blucora
Several institutional investors and hedge funds have recently made changes to their positions in the company. Mirae Asset Global Investments Co. Ltd. raised its holdings in shares of Blucora by 1.4% in the second quarter. Mirae Asset Global Investments Co. Ltd. now owns 228,998 shares of the information services provider’s stock valued at $4,227,000 after purchasing an additional 3,124 shares during the last quarter. KBC Group NV purchased a new stake in shares of Blucora in the second quarter valued at about $74,000. Allspring Global Investments Holdings LLC grew its position in Blucora by 113.2% during the second quarter. Allspring Global Investments Holdings LLC now owns 1,693 shares of the information services provider’s stock valued at $31,000 after buying an additional 899 shares during the period. Money Concepts Capital Corp grew its position in Blucora by 8.9% during the second quarter. Money Concepts Capital Corp now owns 14,786 shares of the information services provider’s stock valued at $278,000 after buying an additional 1,209 shares during the period. Finally, State of Alaska Department of Revenue grew its position in Blucora by 5.5% during the second quarter. State of Alaska Department of Revenue now owns 35,739 shares of the information services provider’s stock valued at $659,000 after buying an additional 1,850 shares during the period. Hedge funds and other institutional investors own 94.34% of the company’s stock.
Blucora, Inc provides technology-enabled financial solutions to consumers, small business owners, tax professionals, financial advisors, and certified public accounting firms 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.
- Get a free copy of the StockNews.com research report on Blucora (BCOR)
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