Bazaarvoice (BV) Stock Rating Lowered by Credit Suisse Group
Bazaarvoice (NASDAQ:BV) was downgraded by research analysts at Credit Suisse Group from an “outperform” rating to a “neutral” rating in a research report issued on Tuesday. They currently have a $5.50 target price on the technology company’s stock. Credit Suisse Group’s price objective indicates a potential upside of 0.55% from the stock’s previous close.
A number of other analysts have also recently issued reports on BV. BidaskClub cut Bazaarvoice from a “hold” rating to a “sell” rating in a research report on Wednesday, August 2nd. Zacks Investment Research cut Bazaarvoice from a “buy” rating to a “hold” rating in a research report on Tuesday, August 8th. Northland Securities set a $7.00 price objective on Bazaarvoice and gave the company a “buy” rating in a research report on Monday, August 28th. ValuEngine cut Bazaarvoice from a “hold” rating to a “sell” rating in a research report on Friday, September 1st. Finally, B. Riley reaffirmed a “buy” rating and issued a $5.75 price objective on shares of Bazaarvoice in a research report on Tuesday, September 5th. 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 stock. The stock presently has a consensus rating of “Hold” and a consensus price target of $5.88.
Bazaarvoice (NASDAQ BV) opened at $5.47 on Tuesday. Bazaarvoice has a one year low of $3.80 and a one year high of $5.50.
Bazaarvoice (NASDAQ:BV) last released 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 4.46% and a negative net margin of 4.40%. The company had revenue of $53.40 million during the quarter, compared to analysts’ expectations of $50.83 million. During the same period last year, the firm posted $0.02 earnings per share. The business’s revenue was up 6.0% on a year-over-year basis. equities research analysts expect that Bazaarvoice will post -0.13 EPS for the current fiscal year.
Large investors have recently added to or reduced their stakes in the stock. Delta Lloyd Asset Management N.V. acquired a new stake in Bazaarvoice during the 2nd quarter worth approximately $1,302,000. Dynamic Technology Lab Private Ltd acquired a new stake in Bazaarvoice during the 2nd quarter worth approximately $388,000. Dimensional Fund Advisors LP lifted its holdings in Bazaarvoice by 22.9% during the 2nd quarter. Dimensional Fund Advisors LP now owns 1,819,391 shares of the technology company’s stock worth $9,006,000 after purchasing an additional 339,536 shares during the last quarter. Schwab Charles Investment Management Inc. lifted its holdings in Bazaarvoice by 26.1% during the 1st quarter. Schwab Charles Investment Management Inc. now owns 334,582 shares of the technology company’s stock worth $1,439,000 after purchasing an additional 69,354 shares during the last quarter. Finally, Renaissance Technologies LLC lifted its holdings in Bazaarvoice by 8.8% during the 2nd 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 last quarter. 77.91% of the stock is owned by institutional investors and hedge funds.
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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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