Bazaarvoice Inc. (BV) Announces Earnings Results
Bazaarvoice Inc. (NASDAQ:BV) announced its quarterly earnings data on Wednesday. The company reported $0.02 EPS for the quarter, topping analysts’ consensus estimates of ($0.01) by $0.03. Bazaarvoice had a negative return on equity of 8.00% and a negative net margin of 9.68%. The business earned $50.40 million during the quarter, compared to analysts’ expectations of $50.49 million. Bazaarvoice’s revenue for the quarter was up 1.0% on a year-over-year basis.
Shares of Bazaarvoice (NASDAQ:BV) traded up 4.95% during mid-day trading on Wednesday, hitting $5.30. The stock had a trading volume of 1,412,091 shares. Bazaarvoice has a 1-year low of $2.82 and a 1-year high of $6.14. The firm’s 50 day moving average price is $5.10 and its 200 day moving average price is $4.46. The company’s market cap is $435.73 million.
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Several large investors have recently made changes to their positions in BV. Vanguard Group Inc. increased its stake in shares of Bazaarvoice by 3.8% in the second quarter. Vanguard Group Inc. now owns 5,405,576 shares of the company’s stock valued at $21,677,000 after buying an additional 198,744 shares in the last quarter. BlackRock Fund Advisors increased its stake in shares of Bazaarvoice by 8.9% in the third quarter. BlackRock Fund Advisors now owns 2,295,998 shares of the company’s stock valued at $13,569,000 after buying an additional 187,379 shares in the last quarter. Penn Capital Management Co. Inc. increased its stake in shares of Bazaarvoice by 121.0% in the second quarter. Penn Capital Management Co. Inc. now owns 2,075,652 shares of the company’s stock valued at $8,323,000 after buying an additional 1,136,445 shares in the last quarter. BlackRock Institutional Trust Company N.A. increased its stake in shares of Bazaarvoice by 0.5% in the third quarter. BlackRock Institutional Trust Company N.A. now owns 1,968,386 shares of the company’s stock valued at $11,633,000 after buying an additional 9,097 shares in the last quarter. Finally, Caisse DE Depot ET Placement DU Quebec increased its stake in shares of Bazaarvoice by 14.4% in the second quarter. Caisse DE Depot ET Placement DU Quebec now owns 1,215,000 shares of the company’s stock valued at $4,872,000 after buying an additional 153,000 shares in the last quarter. 81.89% of the stock is owned by institutional investors and hedge funds.
A number of equities research analysts recently commented on BV shares. Zacks Investment Research raised Bazaarvoice from a “hold” rating to a “buy” rating and set a $4.75 price objective for the company in a research note on Tuesday, August 2nd. B. Riley reiterated a “buy” rating and set a $8.00 target price on shares of Bazaarvoice in a report on Wednesday, October 19th. BTIG Research initiated coverage on Bazaarvoice in a report on Wednesday, November 16th. They set a “buy” rating and a $8.00 target price on the stock. Finally, TheStreet upgraded Bazaarvoice from a “sell” rating to a “hold” rating in a report on Wednesday, September 7th. Four investment analysts have rated the stock with a hold rating and five have issued a buy rating to the company. The stock has an average rating of “Buy” and a consensus price target of $6.61.
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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