Bazaarvoice, Inc. (BV) Given Buy Rating at B. Riley
Bazaarvoice, Inc. (NASDAQ:BV)‘s stock had its “buy” rating restated by equities researchers at B. Riley in a report issued on Sunday. They presently have a $6.00 target price on the technology company’s stock. B. Riley’s target price would indicate a potential upside of 21.21% from the stock’s current price.
A number of other brokerages have also recently issued reports on BV. Northland Securities set a $7.00 price objective on Bazaarvoice and gave the stock a “buy” rating in a research note on Saturday, July 22nd. BidaskClub cut Bazaarvoice from a “hold” rating to a “sell” rating in a research note on Wednesday, August 2nd. Credit Suisse Group increased their price target on Bazaarvoice from $6.00 to $7.00 and gave the company an “outperform” rating in a research note on Friday. ValuEngine cut Bazaarvoice from a “hold” rating to a “sell” rating in a research note on Friday, September 1st. Finally, Needham & Company LLC restated a “buy” rating and issued a $7.00 price target on shares of Bazaarvoice in a research note on Friday. One research 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 an average rating of “Buy” and a consensus price target of $6.25.
Shares of Bazaarvoice (NASDAQ BV) traded up 5.32% during trading on Friday, reaching $4.95. The company’s stock had a trading volume of 681,954 shares. The stock’s 50 day moving average price is $4.67 and its 200 day moving average price is $4.58. Bazaarvoice has a 52 week low of $3.80 and a 52 week high of $6.14. The company’s market cap is $423.68 million.
Bazaarvoice (NASDAQ:BV) last announced its quarterly earnings data on Thursday, September 7th. The technology company reported ($0.02) earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of ($0.06) by $0.04. Bazaarvoice had a negative return on equity of 6.92% and a negative net margin of 6.47%. The company had revenue of $52.20 million for the quarter, compared to analysts’ expectations of $49.83 million. The business’s quarterly revenue was up 4.2% on a year-over-year basis. Equities research analysts predict that Bazaarvoice will post $0.06 EPS for the current year.
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A number of hedge funds and other institutional investors have recently modified their holdings of BV. SQN Investors LP acquired a new position in Bazaarvoice in the 4th quarter valued at $15,878,000. First Trust Advisors LP grew its holdings in Bazaarvoice by 70.6% in the 4th quarter. First Trust Advisors LP now owns 5,135,604 shares of the technology company’s stock valued at $22,494,000 after buying an additional 2,126,064 shares in the last quarter. Russell Investments Group Ltd. acquired a new position in Bazaarvoice in the 4th quarter valued at $7,209,000. Emerald Acquisition Ltd. acquired a new position in Bazaarvoice in the 2nd quarter valued at $4,588,000. Finally, Boston Partners acquired a new position in Bazaarvoice in the 3rd quarter valued at $6,102,000. 77.67% of the stock is currently owned by hedge funds and other institutional investors.
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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