Bazaarvoice, Inc. (BV) Stock Rating Reaffirmed by Needham & Company LLC
Bazaarvoice, Inc. (NASDAQ:BV)‘s stock had its “buy” rating reaffirmed by equities researchers at Needham & Company LLC in a note issued to investors on Friday. They presently have a $7.00 price target on the technology company’s stock. Needham & Company LLC’s target price indicates a potential upside of 41.41% from the stock’s previous close.
Several other equities analysts have also recently weighed in on the stock. ValuEngine cut shares of Bazaarvoice from a “hold” rating to a “sell” rating in a research report on Friday, September 1st. Zacks Investment Research cut shares of Bazaarvoice from a “buy” rating to a “hold” rating in a research report on Tuesday, August 8th. Northland Securities set a $7.00 price objective on shares of Bazaarvoice and gave the stock a “buy” rating in a research report on Saturday, July 22nd. BidaskClub cut shares of Bazaarvoice from a “hold” rating to a “sell” rating in a research report on Wednesday, August 2nd. Finally, B. Riley reiterated a “buy” rating and set a $5.75 price objective on shares of Bazaarvoice in a research report on Tuesday. One analyst has rated the stock with a sell rating, two have assigned a hold rating and five have assigned a buy rating to the company. The company has a consensus rating of “Buy” and an average target price of $6.21.
Shares of Bazaarvoice (NASDAQ:BV) traded up 5.32% during midday trading on Friday, reaching $4.95. The company’s stock had a trading volume of 681,954 shares. The stock’s market capitalization is $385.40 million. Bazaarvoice has a 12 month low of $3.80 and a 12 month high of $6.14. The stock’s 50 day moving average is $4.67 and its 200 day moving average is $4.58.
Bazaarvoice (NASDAQ:BV) last posted its quarterly earnings results on Thursday, September 7th. The technology company reported ($0.02) earnings per share (EPS) for the quarter, beating the Thomson Reuters’ consensus estimate of ($0.06) by $0.04. The company had revenue of $52.20 million for the quarter, compared to analysts’ expectations of $49.83 million. Bazaarvoice had a negative return on equity of 6.92% and a negative net margin of 6.47%. The business’s quarterly revenue was up 4.2% compared to the same quarter last year. On average, analysts forecast that Bazaarvoice will post $0.06 EPS for the current fiscal year.
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Hedge funds have recently added to or reduced their stakes in the stock. Soros Fund Management LLC lifted its stake in shares of Bazaarvoice by 135.8% in the 1st quarter. Soros Fund Management LLC now owns 1,666,666 shares of the technology company’s stock valued at $7,167,000 after purchasing an additional 960,000 shares during the last quarter. Nationwide Fund Advisors lifted its stake in shares of Bazaarvoice by 43.3% in the 1st quarter. Nationwide Fund Advisors now owns 462,097 shares of the technology company’s stock valued at $1,987,000 after purchasing an additional 139,717 shares during the last quarter. Conservest Capital Advisors Inc. acquired a new stake in shares of Bazaarvoice in the 1st quarter valued at $234,000. Karp Capital Management Corp acquired a new stake in shares of Bazaarvoice in the 1st quarter valued at $155,000. Finally, American Century Companies Inc. lifted its stake in shares of Bazaarvoice by 7.5% in the 1st quarter. American Century Companies Inc. now owns 300,839 shares of the technology company’s stock valued at $1,294,000 after purchasing an additional 20,906 shares during the last quarter. 77.67% of the stock is owned by institutional investors and hedge funds.
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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