Northern Trust Corp Sells 3,667 Shares of Bazaarvoice, Inc. (BV)
Northern Trust Corp reduced its stake in Bazaarvoice, Inc. (NASDAQ:BV) by 0.4% during the second quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 887,625 shares of the technology company’s stock after selling 3,667 shares during the period. Northern Trust Corp owned approximately 1.14% of Bazaarvoice worth $4,394,000 as of its most recent SEC filing.
Several other hedge funds and other institutional investors also recently added to or reduced their stakes in BV. KCG Holdings Inc. bought a new position in shares of Bazaarvoice during the first quarter valued at $157,000. Bank of America Corp DE lifted its holdings in shares of Bazaarvoice by 3.2% during the first quarter. Bank of America Corp DE now owns 47,293 shares of the technology company’s stock valued at $203,000 after purchasing an additional 1,469 shares in the last quarter. American International Group Inc. lifted its holdings in shares of Bazaarvoice by 7.1% during the first quarter. American International Group Inc. now owns 50,580 shares of the technology company’s stock valued at $217,000 after purchasing an additional 3,358 shares in the last quarter. Aperio Group LLC lifted its holdings in shares of Bazaarvoice by 35.4% during the second quarter. Aperio Group LLC now owns 48,723 shares of the technology company’s stock valued at $241,000 after purchasing an additional 12,733 shares in the last quarter. Finally, Alliancebernstein L.P. lifted its holdings in shares of Bazaarvoice by 89.7% during the second quarter. Alliancebernstein L.P. now owns 64,700 shares of the technology company’s stock valued at $320,000 after purchasing an additional 30,600 shares in the last quarter. 77.18% of the stock is currently owned by hedge funds and other institutional investors.
Bazaarvoice, Inc. (BV) opened at $4.75 on Monday. Bazaarvoice, Inc. has a 1-year low of $3.80 and a 1-year high of $5.40.
Bazaarvoice (NASDAQ:BV) last posted its earnings results on Thursday, September 7th. The technology company reported ($0.02) earnings per share for the quarter, beating analysts’ consensus estimates of ($0.06) by $0.04. Bazaarvoice had a negative return on equity of 6.88% and a negative net margin of 6.47%. The company had revenue of $52.20 million for the quarter, compared to the consensus estimate of $49.83 million. The business’s quarterly revenue was up 4.2% on a year-over-year basis. analysts forecast that Bazaarvoice, Inc. will post -0.13 EPS for the current fiscal year.
A number of research analysts have recently issued reports on BV shares. BidaskClub downgraded Bazaarvoice from a “hold” rating to a “sell” rating in a report on Wednesday, August 2nd. Credit Suisse Group increased their target price on Bazaarvoice from $6.00 to $7.00 and gave the company an “outperform” rating in a report on Friday, September 8th. B. Riley reissued a “buy” rating and issued a $5.75 target price on shares of Bazaarvoice in a report on Tuesday, September 5th. ValuEngine downgraded Bazaarvoice from a “hold” rating to a “sell” rating in a report on Friday, September 1st. Finally, Zacks Investment Research raised Bazaarvoice from a “hold” rating to a “buy” rating and set a $5.75 target price on the stock in a report on Thursday, September 14th. Two equities research analysts have rated the stock with a sell rating, one has given a hold rating and five have issued a buy rating to the company. The company presently has a consensus rating of “Hold” and a consensus price target of $6.46.
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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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