Bazaarvoice Shares Down 4% on Insider Selling (BV)
Bazaarvoice (NYSE:BV) was down 4% during trading on Wednesday after an insider sold shares in the company, Analyst Ratings Network reports. The company traded as low as $7.11 and last traded at $7.23, with a volume of 678,325 shares traded. The stock had previously closed at $7.53.
Specifically, Director Brett A. Hurt sold 15,832 shares of the stock in a transaction dated Monday, June 9th. The shares were sold at an average price of $7.49, for a total transaction of $118,581.68. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link.
BV has been the subject of a number of recent research reports. Analysts at Credit Suisse reiterated an “outperform” rating on shares of Bazaarvoice in a research note on Thursday, June 5th. They now have a $10.00 price target on the stock, down previously from $11.00. Separately, analysts at Pacific Crest cut their price target on shares of Bazaarvoice from $17.00 to $12.00 in a research note on Thursday, June 5th. Finally, analysts at Goldman Sachs cut their price target on shares of Bazaarvoice from $8.00 to $7.00 in a research note on Thursday, May 22nd. One analyst has rated the stock with a sell rating, three have given a hold rating and two have given a buy rating to the company. The stock currently has an average rating of “Hold” and a consensus price target of $10.18.
The stock has a 50-day moving average of $6.58 and a 200-day moving average of $7.27. The company’s market cap is $559.1 million.
Bazaarvoice (NYSE:BV) last issued its quarterly earnings data on Wednesday, June 4th. The company reported ($0.11) earnings per share (EPS) for the quarter, missing the consensus estimate of ($0.10) by $0.01. The company had revenue of $47.10 million for the quarter, compared to the consensus estimate of $45.45 million. During the same quarter in the previous year, the company posted ($0.12) earnings per share. The company’s revenue for the quarter was up 21.1% on a year-over-year basis. On average, analysts predict that Bazaarvoice will post $-0.31 earnings per share for the current fiscal year.
Bazaarvoice, Inc, connects businesses together to amplify the authentic voices of people where they shop.
Get Analysts' Upgrades and Downgrades via Email - Stay on top of analysts' coverage with Analyst Ratings Network's FREE daily email newsletter that provides a concise list of analysts' upgrades and downgrades. Click here to register now.