Bazaarvoice, Inc. (BV) Expected to Post Quarterly Sales of $49.74 Million

Equities analysts expect Bazaarvoice, Inc. (NASDAQ:BV) to post $49.74 million in sales for the current quarter, Zacks reports. Two analysts have issued estimates for Bazaarvoice’s earnings, with the lowest sales estimate coming in at $49.60 million and the highest estimate coming in at $49.87 million. Bazaarvoice posted sales of $50.09 million during the same quarter last year, which would indicate a negative year over year growth rate of 0.7%. The company is expected to announce its next quarterly earnings results on Wednesday, September 6th.

According to Zacks, analysts expect that Bazaarvoice will report full-year sales of $49.74 million for the current year, with estimates ranging from $203.80 million to $204.72 million. For the next fiscal year, analysts anticipate that the firm will post sales of $215.88 million per share. Zacks’ sales averages are a mean average based on a survey of sell-side research analysts that follow Bazaarvoice.

Bazaarvoice (NASDAQ:BV) last issued its quarterly earnings data on Tuesday, June 6th. The technology company reported ($0.02) earnings per share (EPS) for the quarter, meeting the Thomson Reuters’ consensus estimate of ($0.02). The company had revenue of $50.20 million for the quarter, compared to analyst estimates of $49.99 million. Bazaarvoice had a negative net margin of 7.92% and a negative return on equity of 8.34%. Bazaarvoice’s revenue was down 1.0% compared to the same quarter last year. During the same period last year, the company posted ($0.01) earnings per share.

A number of brokerages have commented on BV. Zacks Investment Research downgraded shares of Bazaarvoice from a “buy” rating to a “hold” rating in a research report on Tuesday. B. Riley reissued a “buy” rating and issued a $5.75 price objective on shares of Bazaarvoice in a research report on Wednesday, June 7th. BidaskClub downgraded shares of Bazaarvoice from a “buy” rating to a “hold” rating in a research report on Friday, July 7th. Finally, Northland Securities set a $7.00 price objective on shares of Bazaarvoice and gave the company a “buy” rating in a research report on Saturday, July 22nd. One research analyst has rated the stock with a sell rating, two have given a hold rating and four have assigned a buy rating to the company’s stock. Bazaarvoice currently has a consensus rating of “Hold” and a consensus target price of $6.05.

Bazaarvoice (NASDAQ:BV) opened at 4.50 on Wednesday. Bazaarvoice has a one year low of $3.80 and a one year high of $6.14. The stock’s market capitalization is $350.37 million. The company’s 50-day moving average is $4.79 and its 200 day moving average is $4.58.

Several large investors have recently made changes to their positions in the stock. TFS Capital LLC purchased a new stake in shares of Bazaarvoice during the first quarter worth approximately $145,000. Karp Capital Management Corp purchased a new stake in shares of Bazaarvoice during the first quarter worth approximately $155,000. KCG Holdings Inc. purchased a new stake in shares of Bazaarvoice during the first quarter worth approximately $157,000. Bank of America Corp DE increased its stake in shares of Bazaarvoice by 3.2% in the first quarter. Bank of America Corp DE now owns 47,293 shares of the technology company’s stock worth $203,000 after buying an additional 1,469 shares in the last quarter. Finally, American International Group Inc. increased its stake in shares of Bazaarvoice by 7.1% in the first quarter. American International Group Inc. now owns 50,580 shares of the technology company’s stock worth $217,000 after buying an additional 3,358 shares in the last quarter. 80.63% of the stock is currently owned by institutional investors.

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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