ValuEngine Downgrades Bazaarvoice (BV) to Sell

Bazaarvoice (NASDAQ:BV) was downgraded by research analysts at ValuEngine from a “hold” rating to a “sell” rating in a research note issued on Saturday.

Several other brokerages have also recently weighed in on BV. Zacks Investment Research raised Bazaarvoice from a “hold” rating to a “strong-buy” rating and set a $6.25 target price for the company in a research note on Monday, December 4th. Northland Securities cut Bazaarvoice to a “hold” rating and set a $5.50 target price for the company. in a research note on Tuesday, November 28th. Needham & Company LLC cut Bazaarvoice from a “buy” rating to a “hold” rating in a research note on Tuesday, November 28th. Credit Suisse Group cut Bazaarvoice from an “outperform” rating to a “neutral” rating and set a $5.50 target price for the company. in a research note on Tuesday, November 28th. Finally, B. Riley cut Bazaarvoice from a “buy” rating to a “neutral” rating and decreased their target price for the company from $6.00 to $5.50 in a research note on Tuesday, November 28th. Two equities research analysts have rated the stock with a sell rating, four have issued a hold rating, one has given a buy rating and one has issued a strong buy rating to the company. Bazaarvoice currently has a consensus rating of “Hold” and a consensus target price of $5.96.

Bazaarvoice (NASDAQ BV) opened at $5.50 on Friday. Bazaarvoice has a 52 week low of $3.80 and a 52 week high of $5.50. The firm has a market capitalization of $473.36, a PE ratio of -50.00 and a beta of 0.62.

Bazaarvoice (NASDAQ:BV) last announced its earnings results on Monday, November 27th. The technology company reported $0.06 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $0.02 by $0.04. Bazaarvoice had a negative return on equity of 4.42% and a negative net margin of 4.40%. The business had revenue of $53.40 million during the quarter, compared to analysts’ expectations of $50.83 million. During the same quarter last year, the business posted $0.02 earnings per share. The company’s quarterly revenue was up 6.0% on a year-over-year basis. sell-side analysts predict that Bazaarvoice will post -0.08 earnings per share for the current fiscal year.

In other news, insider Kelly Trammell sold 12,607 shares of the company’s stock in a transaction on Friday, December 22nd. The stock was sold at an average price of $5.45, for a total transaction of $68,708.15. Following the completion of the sale, the insider now directly owns 126,290 shares of the company’s stock, valued at $688,280.50. The sale was disclosed in a document filed with the SEC, which is available at the SEC website. Corporate insiders own 5.64% of the company’s stock.

Hedge funds and other institutional investors have recently made changes to their positions in the company. GSA Capital Partners LLP lifted its stake in Bazaarvoice by 41.1% in the 3rd quarter. GSA Capital Partners LLP now owns 196,004 shares of the technology company’s stock worth $970,000 after acquiring an additional 57,096 shares in the last quarter. Highbridge Capital Management LLC lifted its stake in Bazaarvoice by 126.1% in the 3rd quarter. Highbridge Capital Management LLC now owns 87,133 shares of the technology company’s stock worth $431,000 after acquiring an additional 48,590 shares in the last quarter. Jane Street Group LLC lifted its stake in Bazaarvoice by 111.8% in the 3rd quarter. Jane Street Group LLC now owns 24,458 shares of the technology company’s stock worth $121,000 after acquiring an additional 12,913 shares in the last quarter. Alyeska Investment Group L.P. lifted its stake in Bazaarvoice by 1.8% in the 3rd quarter. Alyeska Investment Group L.P. now owns 3,518,972 shares of the technology company’s stock worth $17,419,000 after acquiring an additional 62,837 shares in the last quarter. Finally, B. Riley Financial Inc. lifted its stake in Bazaarvoice by 109.2% in the 3rd quarter. B. Riley Financial Inc. now owns 278,095 shares of the technology company’s stock worth $1,414,000 after acquiring an additional 145,177 shares in the last quarter. 77.33% of the stock is owned by institutional investors and hedge funds.

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Bazaarvoice Company Profile

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.

To view ValuEngine’s full report, visit ValuEngine’s official website.

Analyst Recommendations for Bazaarvoice (NASDAQ:BV)

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