Bazaarvoice, Inc. (NASDAQ:BV) was upgraded by Zacks Investment Research from a “hold” rating to a “buy” rating in a research report issued to clients and investors on Thursday. The firm currently has a $5.75 price objective on the technology company’s stock. Zacks Investment Research‘s price target suggests a potential upside of 16.16% from the company’s previous close.
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. “
BV has been the topic of a number of other research reports. Northland Securities set a $7.00 price target on Bazaarvoice and gave the stock a “buy” rating in a research note on Saturday, July 22nd. BidaskClub cut Bazaarvoice from a “buy” rating to a “hold” rating in a research note on Friday, July 7th. Credit Suisse Group boosted their price target on Bazaarvoice from $6.00 to $7.00 and gave the stock an “outperform” rating in a research note on Friday, September 8th. ValuEngine cut Bazaarvoice from a “hold” rating to a “sell” rating in a research note on Friday, September 1st. Finally, B. Riley reiterated a “buy” rating and issued a $5.75 price target on shares of Bazaarvoice in a research note on Wednesday, June 7th. One analyst has rated the stock with a sell rating, one has issued a hold rating and six have assigned a buy rating to the stock. Bazaarvoice has an average rating of “Buy” and an average target price of $6.46.
Shares of Bazaarvoice (BV) traded down 1.98% during midday trading on Thursday, reaching $4.95. 210,423 shares of the company’s stock were exchanged. Bazaarvoice has a one year low of $3.80 and a one year high of $6.14. The company’s 50-day moving average is $4.68 and its 200-day moving average is $4.58. The stock’s market cap is $419.08 million.
Bazaarvoice (NASDAQ:BV) last issued its earnings results on Thursday, September 7th. The technology company reported ($0.02) earnings per share for the quarter, beating the Zacks’ consensus estimate of ($0.06) by $0.04. Bazaarvoice had a negative return on equity of 6.88% and a negative net margin of 6.47%. The firm had revenue of $52.20 million for the quarter, compared to analysts’ expectations of $49.83 million. The business’s revenue was up 4.2% compared to the same quarter last year. Equities analysts expect that Bazaarvoice will post $0.07 earnings per share for the current fiscal year.
A number of hedge funds have recently modified their holdings of the stock. Dynamic Technology Lab Private Ltd acquired a new stake in Bazaarvoice in the second quarter worth approximately $388,000. Sterling Capital Management LLC lifted its position in Bazaarvoice by 43.8% in the second quarter. Sterling Capital Management LLC now owns 144,108 shares of the technology company’s stock worth $713,000 after purchasing an additional 43,908 shares during the period. The Manufacturers Life Insurance Company lifted its position in Bazaarvoice by 5.8% in the second quarter. The Manufacturers Life Insurance Company now owns 69,770 shares of the technology company’s stock worth $346,000 after purchasing an additional 3,835 shares during the period. Cubist Systematic Strategies LLC lifted its position in Bazaarvoice by 50.3% in the second quarter. Cubist Systematic Strategies LLC now owns 22,202 shares of the technology company’s stock worth $110,000 after purchasing an additional 7,430 shares during the period. Finally, Daruma Capital Management LLC lifted its position in Bazaarvoice by 5.6% in the second quarter. Daruma Capital Management LLC now owns 297,237 shares of the technology company’s stock worth $1,471,000 after purchasing an additional 15,764 shares during the period. 77.67% of the stock is owned by institutional investors and hedge funds.
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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