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Barrington Keeps Their Buy Rating on Blucora (BCOR)


Barrington analyst Alexander Paris maintained a Buy rating on Blucora (NASDAQ: BCOR) today and set a price target of $40. The company’s shares opened today at $37.13.

Paris observed:

“Wealth management segment revenue is expected to be in a range of $369.0‐377.0 million and segment income is expected to be in a range of $53.0‐55.5 million (14.4‐14.7% margins). Tax preparation segment revenues are expected to be in a range of $184.5‐186.0 million, with a segment margin of approximately 45%.”

According to TipRanks.com, Paris is a 4-star analyst with an average return of 9.2% and a 50.7% success rate. Paris covers the Services sector, focusing on stocks such as Adtalem Global Education Inc, American Public Education, and Franklin Covey Company.

The word on The Street in general, suggests a Strong Buy analyst consensus rating for Blucora with a $42.67 average price target, representing a 14.9% upside. In a report issued on September 28, J.P. Morgan also upgraded the stock to Buy with a $45 price target.

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Based on Blucora’s latest earnings release for the quarter ending June 30, the company reported a quarterly net profit of $34.94 million. In comparison, last year the company had a GAAP net loss of $16.9 million.

Based on the recent corporate insider activity of 50 insiders, corporate insider sentiment is negative on the stock.

TipRanks has tracked 36,000 company insiders and found that a few of them are better than others when it comes to timing their transactions. See which 3 stocks are most likely to make moves following their insider activities.

Blucora, Inc. engages in the provision of technology-enabled financial solutions to consumers, small businesses, and tax professionals. It operates through the Wealth Management and Tax Preparation segments.