Bazaarvoice Inc (BV) Short Interest Up 62.7% in March
Bazaarvoice Inc (NASDAQ:BV) saw a large increase in short interest during the month of March. As of March 29th, there was short interest totalling 1,765,649 shares, an increase of 62.7% from the March 15th total of 1,085,005 shares. Based on an average trading volume of 380,764 shares, the days-to-cover ratio is currently 4.6 days. Currently, 4.0% of the company’s shares are short sold.
A number of analysts have recently commented on the company. Zacks Investment Research raised Bazaarvoice from a “sell” rating to a “hold” rating in a research note on Wednesday, April 10th. Nomura lowered their price target on Bazaarvoice from $25.00 to $22.00 and set a “buy” rating for the company in a research note on Tuesday, February 12th. Berenberg Bank assumed coverage on Bazaarvoice in a research note on Wednesday, February 13th. They issued a “buy” rating and a $20.00 price target for the company. Finally, Robert W. Baird set a $15.00 price target on Bazaarvoice and gave the company a “buy” rating in a research note on Friday, December 28th. Two research analysts have rated the stock with a hold rating and ten have given a buy rating to the stock. The stock presently has an average rating of “Buy” and an average price target of $21.60.
Shares of BV opened at $15.63 on Friday. Bazaarvoice has a 52-week low of $9.05 and a 52-week high of $23.42.
Institutional investors and hedge funds have recently modified their holdings of the stock. Bank of New York Mellon Corp acquired a new position in shares of Bazaarvoice in the 3rd quarter valued at approximately $1,060,000. MetLife Investment Advisors LLC acquired a new position in Bazaarvoice during the 3rd quarter worth approximately $434,000. Teachers Advisors LLC acquired a new position in Bazaarvoice during the 3rd quarter worth approximately $708,000. River Road Asset Management LLC acquired a new position in Bazaarvoice during the 4th quarter worth approximately $263,000. Finally, Peregrine Capital Management LLC acquired a new position in Bazaarvoice during the 1st quarter worth approximately $6,722,000. Institutional investors and hedge funds own 78.35% of the company’s stock.
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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