Bazaarvoice (BV) Lowered to “Hold” at Northland Securities
Several other research analysts also recently weighed in on BV. B. Riley restated a buy rating and issued a $5.75 price target on shares of Bazaarvoice in a research note on Tuesday, September 5th. Needham & Company LLC downgraded Bazaarvoice from a buy rating to a hold rating in a research note on Tuesday. BidaskClub upgraded Bazaarvoice from a sell rating to a hold rating in a research report on Wednesday, September 27th. ValuEngine downgraded Bazaarvoice from a hold rating to a sell rating in a research report on Friday, September 1st. Finally, Zacks Investment Research downgraded Bazaarvoice from a buy rating to a hold rating in a research report on Tuesday, August 8th. Two equities research analysts have rated the stock with a sell rating, five have given a hold rating and one has assigned a buy rating to the company. The company currently has a consensus rating of Hold and an average price target of $5.88.
Shares of Bazaarvoice (BV) traded up $0.02 during trading hours on Tuesday, hitting $5.45. The company had a trading volume of 8,834,800 shares, compared to its average volume of 580,637. Bazaarvoice has a 52 week low of $3.80 and a 52 week high of $5.45.
Bazaarvoice (NASDAQ:BV) last announced its quarterly earnings data on Monday, November 27th. The technology company reported $0.06 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of $0.02 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 $53.40 million during the quarter, compared to the consensus estimate of $50.83 million. During the same period in the previous year, the company posted $0.02 EPS. The firm’s revenue was up 6.0% on a year-over-year basis. research analysts predict that Bazaarvoice will post -0.13 earnings per share for the current year.
A number of hedge funds have recently added to or reduced their stakes in the business. Vanguard Group Inc. increased its stake in Bazaarvoice by 7.8% in the second quarter. Vanguard Group Inc. now owns 6,552,046 shares of the technology company’s stock worth $32,432,000 after purchasing an additional 471,644 shares during the period. Alyeska Investment Group L.P. increased its stake in Bazaarvoice by 1.8% in the third quarter. Alyeska Investment Group L.P. now owns 3,518,972 shares of the technology company’s stock worth $17,419,000 after purchasing an additional 62,837 shares during the period. Renaissance Technologies LLC increased its stake in Bazaarvoice by 8.8% in the second quarter. Renaissance Technologies LLC now owns 3,314,200 shares of the technology company’s stock worth $16,405,000 after purchasing an additional 267,500 shares during the period. Boston Partners increased its stake in Bazaarvoice by 6.3% in the third quarter. Boston Partners now owns 2,236,420 shares of the technology company’s stock worth $11,070,000 after purchasing an additional 132,630 shares during the period. Finally, Dimensional Fund Advisors LP increased its stake in Bazaarvoice by 15.5% in the third quarter. Dimensional Fund Advisors LP now owns 2,101,643 shares of the technology company’s stock worth $10,404,000 after purchasing an additional 282,252 shares during the period. Institutional investors and hedge funds own 77.91% of the company’s stock.
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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.
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