Stock Worth Mentioning: What’s Propelling Blucora Inc to Increase So Much?

Stock Worth Mentioning: What's Propelling Blucora Inc to Increase So Much?

The stock of Blucora Inc (NASDAQ:BCOR) is a huge mover today! About 345,007 shares traded hands or 6.61% up from the average. Blucora Inc (NASDAQ:BCOR) has risen 155.56% since April 14, 2016 and is uptrending. It has outperformed by 150.87% the S&P500.
The move comes after 7 months positive chart setup for the $601.32M company. It was reported on Nov, 16 by Barchart.com. We have $19.18 PT which if reached, will make NASDAQ:BCOR worth $216.48M more.

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 8 analyst reports since August 22, 2015 according to StockzIntelligence Inc. As per Friday, October 28, the company rating was maintained by Barrington Research. Craig Hallum upgraded the shares of BCOR in a report on Friday, April 29 to “Buy” rating. The firm has “Outperform” rating by Wedbush given on Friday, February 12. Benchmark maintained the stock with “Buy” rating in Monday, August 24 report. The firm has “Buy” rating by Benchmark given on Tuesday, February 16. Barrington Research upgraded it to “Outperform” rating and $10 target price in Monday, May 2 report. On Saturday, August 22 the stock rating was maintained by Benchmark with “Buy”.

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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