Stock Buzzer: Does Blucora Inc Have More Gas After Touching 52-Week High?

Stock Buzzer: Does Blucora Inc Have More Gas After Touching 52 Week High?

The stock of Blucora Inc (NASDAQ:BCOR) hit a new 52-week high and has $18.90 target or 36.00% above today’s $13.90 share price. The 9 months bullish chart indicates low risk for the $592.79 million company. The 1-year high was reported on Nov, 16 by Barchart.com. If the $18.90 price target is reached, the company will be worth $213.40M more.
The 52-week high event is an important milestone for every stock because it shows very positive momentum and is time when buyers come in. During such notable technical setup, fundamental investors usually stay away and are careful shorting or selling the stock. About 24,950 shares traded hands. Blucora Inc (NASDAQ:BCOR) has risen 155.56% since April 14, 2016 and is uptrending. It has outperformed by 150.87% the S&P500.

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. $16 is the highest target while $10 is the lowest. The $13 average target is -6.47% below today’s ($13.9) stock price. Blucora has been the topic of 8 analyst reports since August 22, 2015 according to StockzIntelligence Inc. The stock has “Outperform” rating given by Wedbush on Friday, February 12. As per Tuesday, February 16, the company rating was maintained by Benchmark. The stock has “Buy” rating given by Benchmark on Saturday, August 22. The firm has “Outperform” rating by Barrington Research given on Friday, October 28. Craig Hallum upgraded the shares of BCOR in a report on Friday, April 29 to “Buy” rating. As per Monday, August 24, the company rating was maintained by Benchmark. Barrington Research upgraded the stock to “Outperform” rating in Monday, May 2 report.

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 important recent Blucora Inc (NASDAQ:BCOR) news were published by: Streetinsider.com which released: “Blucora, Inc. (BCOR) Announces Sale of Monoprice Business” on November 15, 2016, also Fool.com published article titled: “Why Blucora Inc. Shares Jumped 24% Today”, Wsj.com published: “Blucora to Buy HD Vest for $580 Million” on October 14, 2015. More interesting news about Blucora Inc (NASDAQ:BCOR) was released by: Prnewswire.com and their article: “HD Vest Announces Agreement to be Acquired by Blucora, Inc.” with publication date: October 14, 2015.

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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