Bazaarvoice Shares Up 6.3% Following Strong Earnings (BV)
Bazaarvoice (NYSE:BV) shares shot up 6.3% during mid-day trading on Thursday after the company announced better than expected quarterly earnings, American Banking and Market News reports. The company traded as high as $8.49 and last traded at $7.97, with a volume of 609,281 shares traded. The stock had previously closed at $7.50.
The company reported ($0.09) earnings per share (EPS) for the quarter, beating the consensus estimate of ($0.11) by $0.02. The company had revenue of $46.00 million for the quarter, compared to the consensus estimate of $44.00 million. During the same quarter in the previous year, the company posted ($0.23) earnings per share.
A number of research firms have recently commented on BV. Analysts at B. Riley raised their price target on shares of Bazaarvoice to $10.00 in a research note on Thursday. They now have a “buy” rating on the stock. Two equities research analysts have rated the stock with a hold rating and two have assigned a buy rating to the company’s stock. Bazaarvoice presently has an average rating of “Buy” and a consensus price target of $9.60.
The stock has a 50-day moving average of $7.41 and a 200-day moving average of $7.31. The company’s market cap is $595.0 million.
Bazaarvoice, Inc, connects businesses together to amplify the authentic voices of people where they shop.
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