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. The Tax Preparation segment provides digital do-it-yourself tax preparation solutions through TaxAct.com; and ancillary services, including refund payment transfer, audit defense, stored value cards, retirement plan services, and e-filing services. This segment also offers professional tax preparer software that allows professional tax preparers to prepare and file individual and business returns. The company was formerly known as InfoSpace, Inc. and changed its name to Blucora, Inc. in June 2012. Blucora, Inc. was founded in 1996 and is headquartered in Dallas, Texas.
Wall Street Analyst Weigh In
Several research analysts recently commented on BCOR shares. Cantor Fitzgerald started coverage on shares of Blucora in a research note on Monday, July 11th. They set an "overweight" rating and a $22.00 price objective for the company. StockNews.com lowered shares of Blucora from a "buy" rating to a "hold" rating in a research note on Tuesday, August 9th.
Blucora Trading Up 2.4 %
Shares of Blucora stock opened at $22.60 on Friday. The company has a current ratio of 2.60, a quick ratio of 1.86 and a debt-to-equity ratio of 1.42. Blucora has a 12-month low of $14.59 and a 12-month high of $22.76. The firm has a market capitalization of $1.08 billion, a price-to-earnings ratio of 50.22, a PEG ratio of 1.12 and a beta of 1.31. The firm's 50 day simple moving average is $18.82 and its two-hundred day simple moving average is $18.66.
Blucora (NASDAQ:BCOR - Get Rating) last issued its quarterly earnings results on Monday, August 8th. The information services provider reported $0.99 earnings per share (EPS) for the quarter, missing analysts' consensus estimates of $1.04 by ($0.05). Blucora had a net margin of 2.46% and a return on equity of 14.85%. The company had revenue of $256.88 million for the quarter, compared to analyst estimates of $256.67 million. During the same quarter in the previous year, the company posted $1.20 EPS. The company's revenue for the quarter was up 1.0% compared to the same quarter last year. Analysts predict that Blucora will post 1.31 EPS for the current year.