Blucora (BCOR) : Analyst Rating Update

Blucora (BCOR) : Zacks Investment Research ranks Blucora (BCOR) as 2, which is a Buy recommendation. 2 research analysts consider that the stocks fundamentals point to a bright future, hence they rate the stock as a Strong Buy. The average broker rating of 2 research analysts is 1, which indicates as a Strong Buy.

Blucora (BCOR) : The most positive equity analysts on Blucora (BCOR) expects the shares to touch $13, whereas, the least positive believes that the stock will trade at $10 in the short term. The company is covered by 2 Wall Street Brokerage Firms. The average price target for shares are $11.5 with an expected fluctuation of $2.12 from the mean.

Blucora (NASDAQ:BCOR): During Wednesdays trading session, Bulls were in full control of the stock right from the opening. The stock opened at $11.08 and $10.90 proved to be the low of the day. Continuous buying at higher levels pushed the stock towards an intraday high of $11.43. The buying momentum continued till the end and the stock did not give up its gains. It closed at $11.30, notching a gain of 2.26% for the day. The total traded volume was 741,013 . The stock had closed at $11.05 on the previous day.

Also, Barrington Research upgrades its rating on Blucora (NASDAQ:BCOR). The global brokerage major announces a current price target of $10 per share. Analysts at the Barrington Research have a current rating of Outperform on the shares. The shares were previously rated Market Perform. The rating by the firm was issued on May 2, 2016. The company shares have dropped -28.15% from its 1 Year high price. On Jul 16, 2015, the shares registered one year high at $16.30 and the one year low was seen on Mar 29, 2016. The 50-Day Moving Average price is $9.15 and the 200 Day Moving Average price is recorded at $7.67.

Blucora, Inc. is an operator of a portfolio of Internet businesses. The Company operates through three segments: Search and Content, Tax Preparation and E-Commerce. Its Search and Content business operates through its InfoSpace LLC subsidiary (InfoSpace) and provides search services to users of the Company owned and operated and distribution partners Web properties, as well as online content. Its Tax Preparation business consists of the operations of TaxACT, Inc. (TaxACT) and provides online tax preparation service for individuals, tax preparation software for individuals and professional tax preparers, and ancillary services. Its E-Commerce business consists of the operations of Monoprice, Inc. (Monoprice) and sells self-branded electronics and accessories to both consumers and businesses.

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