Bazaarvoice, Inc. (BV) Rating Lowered to Hold at Zacks Investment Research

Zacks Investment Research lowered shares of Bazaarvoice, Inc. (NASDAQ:BV) from a buy rating to a hold rating in a report released on Tuesday morning.

According to Zacks, “Bazaarvoice, Inc. provides social commerce solutions through Bazaarvoice, a Software-as-a-Service platform that enable clients to capture, display, and analyze online word of mouth. It serves clients in the retail, consumer products, travel and leisure, technology, telecommunications, financial services, healthcare, and automotive industries. Bazaarvoice offers its products particularly in the United States, Europe, Singapore, and Australia. The Company’s software builds online communities for the brand names of clients. Bazaarvoice, Inc. is headquartered in Austin, Texas. “

A number of other brokerages have also weighed in on BV. B. Riley restated a buy rating and issued a $5.75 target price on shares of Bazaarvoice in a research report on Friday, June 2nd. Northland Securities set a $7.00 target price on shares of Bazaarvoice and gave the company a buy rating in a research report on Saturday, July 22nd. Finally, BidaskClub lowered shares of Bazaarvoice from a hold rating to a sell rating in a research report on Wednesday, August 2nd. One equities research analyst has rated the stock with a sell rating, two have issued a hold rating and four have given a buy rating to the company. The company currently has a consensus rating of Hold and a consensus price target of $6.05.

Bazaarvoice (BV) remained flat at $4.60 on Tuesday. The company’s stock had a trading volume of 152,721 shares. The company’s market capitalization is $358.15 million. Bazaarvoice has a 52-week low of $3.80 and a 52-week high of $6.14. The company’s 50 day moving average is $4.76 and its 200 day moving average is $4.58.

Bazaarvoice (NASDAQ:BV) last issued its earnings results on Tuesday, June 6th. The technology company reported ($0.02) earnings per share for the quarter, meeting analysts’ consensus estimates of ($0.02). Bazaarvoice had a negative net margin of 7.92% and a negative return on equity of 8.34%. The firm had revenue of $50.20 million for the quarter, compared to analyst estimates of $49.99 million. During the same quarter last year, the business posted ($0.01) earnings per share. The company’s quarterly revenue was down 1.0% on a year-over-year basis. Analysts predict that Bazaarvoice will post $0.06 EPS for the current fiscal year.

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Several institutional investors have recently modified their holdings of BV. Soros Fund Management LLC raised its position in Bazaarvoice by 135.8% in the first quarter. Soros Fund Management LLC now owns 1,666,666 shares of the technology company’s stock valued at $7,167,000 after buying an additional 960,000 shares during the last quarter. RGM Capital LLC raised its position in Bazaarvoice by 10.7% in the first quarter. RGM Capital LLC now owns 7,622,761 shares of the technology company’s stock valued at $32,778,000 after buying an additional 737,665 shares during the last quarter. Royce & Associates LP purchased a new position in Bazaarvoice during the first quarter valued at about $2,307,000. Dimensional Fund Advisors LP raised its position in Bazaarvoice by 50.2% in the first quarter. Dimensional Fund Advisors LP now owns 1,479,855 shares of the technology company’s stock valued at $6,364,000 after buying an additional 494,737 shares during the last quarter. Finally, Vanguard Group Inc. raised its position in Bazaarvoice by 7.8% in the second quarter. Vanguard Group Inc. now owns 6,552,046 shares of the technology company’s stock valued at $32,432,000 after buying an additional 471,644 shares during the last quarter. Institutional investors own 80.63% of the company’s stock.

About Bazaarvoice

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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