BidaskClub cut shares of Bazaarvoice, Inc. (NASDAQ:BV) from a buy rating to a hold rating in a research report sent to investors on Friday, July 7th.
BV has been the topic of a number of other reports. BTIG Research reiterated a buy rating and issued a $6.00 target price on shares of Bazaarvoice in a report on Wednesday, March 15th. Zacks Investment Research upgraded shares of Bazaarvoice from a hold rating to a buy rating and set a $4.50 target price on the stock in a report on Thursday, March 9th. Finally, B. Riley reiterated a buy rating and issued a $5.75 target price on shares of Bazaarvoice in a report on Thursday, March 16th. Three equities research analysts have rated the stock with a hold rating and three have given a buy rating to the company. The stock currently has a consensus rating of Buy and an average price target of $5.81.
Bazaarvoice (BV) traded down 0.510% during mid-day trading on Friday, hitting $4.875. 410,699 shares of the stock traded hands. The stock has a 50 day moving average price of $4.80 and a 200 day moving average price of $4.58. The firm’s market cap is $410.90 million. Bazaarvoice has a 12-month low of $3.71 and a 12-month high of $6.14.
Bazaarvoice (NASDAQ:BV) last released its quarterly earnings results on Tuesday, June 6th. The technology company reported ($0.02) EPS for the quarter, hitting analysts’ consensus estimates of ($0.02). Bazaarvoice had a negative net margin of 7.92% and a negative return on equity of 8.34%. The company had revenue of $50.20 million for the quarter, compared to the consensus estimate of $49.99 million. During the same period in the previous year, the firm earned ($0.01) EPS. Bazaarvoice’s revenue was down 1.0% on a year-over-year basis. On average, analysts expect that Bazaarvoice will post $0.06 earnings per share for the current fiscal year.
A number of hedge funds and other institutional investors have recently made changes to their positions in the stock. Soros Fund Management LLC increased its position in shares of Bazaarvoice by 135.8% in the first quarter. Soros Fund Management LLC now owns 1,666,666 shares of the technology company’s stock worth $7,167,000 after buying an additional 960,000 shares during the last quarter. RGM Capital LLC increased its position in shares of Bazaarvoice by 10.7% in the first quarter. RGM Capital LLC now owns 7,622,761 shares of the technology company’s stock worth $32,778,000 after buying an additional 737,665 shares during the last quarter. Royce & Associates LP bought a new position in shares of Bazaarvoice during the first quarter worth approximately $2,307,000. Dimensional Fund Advisors LP increased its position in shares of Bazaarvoice by 50.2% in the first quarter. Dimensional Fund Advisors LP now owns 1,479,855 shares of the technology company’s stock worth $6,364,000 after buying an additional 494,737 shares during the last quarter. Finally, Boston Partners increased its position in shares of Bazaarvoice by 19.7% in the first quarter. Boston Partners now owns 2,190,636 shares of the technology company’s stock worth $9,420,000 after buying an additional 361,017 shares during the last quarter. 81.00% of the stock is currently owned by hedge funds and other institutional investors.
Bazaarvoice, Inc offers solutions and services that allow its retailer and brand clients to understand that consumer voice and the role it plays in influencing purchasing decisions, both online and offline. The Company’s solutions collect, curate and display consumer-generated content, including ratings and reviews, questions and answers, customer stories, and social posts, photos and videos.
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