Breaking: Is Selling Blucora Inc Here a Winning Strategy?

Breaking: Is Selling Blucora Inc Here a Winning Strategy?

The stock of Blucora Inc (NASDAQ:BCOR) is a huge mover today! About 217,550 shares traded hands. Blucora Inc (NASDAQ:BCOR) has risen 105.54% since March 11, 2016 and is uptrending. It has outperformed by 100.08% the S&P500.
The move comes after 9 months negative chart setup for the $484.56 million company. It was reported on Oct, 14 by We have $10.40 PT which if reached, will make NASDAQ:BCOR worth $48.46 million less.

Analysts await Blucora Inc (NASDAQ:BCOR) to report earnings on November, 3. They expect $-0.34 earnings per share, down 100.00% or $0.17 from last year’s $-0.17 per share. After $0.13 actual earnings per share reported by Blucora Inc for the previous quarter, Wall Street now forecasts -361.54% negative EPS growth.

Blucora Inc (NASDAQ:BCOR) Ratings Coverage

Out of 4 analysts covering Blucora (NASDAQ:BCOR), 4 rate it a “Buy”, 0 “Sell”, while 0 “Hold”. This means 100% are positive. Blucora has been the topic of 7 analyst reports since August 22, 2015 according to StockzIntelligence Inc. The rating was upgraded by Craig Hallum to “Buy” on Friday, April 29. Benchmark maintained the stock with “Buy” rating in Tuesday, February 16 report. The company was maintained on Friday, February 12 by Wedbush. The firm has “Outperform” rating given on Monday, May 2 by Barrington Research. The firm earned “Buy” rating on Monday, August 24 by Benchmark. The company was maintained on Saturday, August 22 by Benchmark.

According to Zacks Investment Research, “Blucora, Inc. is engaged in providing internet-based solutions for consumers and business partners. It owns and operates two Internet businesses. Blucora’s InfoSpace business provides online search and monetization solutions. The Company’s TaxACT business provides online tax preparation solutions to consumers and professional preparers. Blucora, Inc., formerly known as InfoSpace, Inc., is headquartered in Bellevue, Washington.”

More notable recent Blucora Inc (NASDAQ:BCOR) news were published by: which released: “Why Blucora Inc. Shares Jumped 24% Today” on April 28, 2016, also with their article: “Blucora to Buy HD Vest for $580 Million” published on October 14, 2015, published: “HD Vest Announces Agreement to be Acquired by Blucora, Inc.” on October 14, 2015. More interesting news about Blucora Inc (NASDAQ:BCOR) were released by: and their article: “Blucora Inc. Reports 61% Increase In Q2 Earnings” published on July 28, 2016 as well as‘s news article titled: “Blucora, Inc. (BCOR) Appoints New CEO” with publication date: March 15, 2016.

BCOR Company Profile

Blucora, Inc., incorporated on April 9, 1996, is a well-known provider of technology-enabled financial solutions to consumers, small business owners and tax professionals. The Firm operates through two divisions: the Wealth Management, which consists of the HD Vest, Inc. (HD Vest) business, and the Tax Preparation, which consists of the TaxAct, Inc. (TaxAct) business. HD Vest provides wealth management solutions for financial advisors. TaxAct provides digital tax preparation solutions for consumers, small business owners and tax professionals.

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