Bazaarvoice, Inc. (BV) Upgraded by Zacks Investment Research to “Buy”
Bazaarvoice, Inc. (NASDAQ:BV) was upgraded by Zacks Investment Research from a “hold” rating to a “buy” rating in a research report issued on Thursday. The brokerage presently has a $5.75 target price on the technology company’s stock. Zacks Investment Research‘s target price would suggest a potential upside of 16.16% from the stock’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. “
A number of other brokerages also recently issued reports on BV. B. Riley reiterated a “buy” rating and set a $6.00 price target on shares of Bazaarvoice in a research report on Sunday. Northland Securities set a $7.00 price target on Bazaarvoice and gave the company a “buy” rating in a research report on Saturday, July 22nd. ValuEngine downgraded Bazaarvoice from a “hold” rating to a “sell” rating in a research report on Friday, September 1st. BidaskClub upgraded Bazaarvoice from a “sell” rating to a “hold” rating in a research report on Wednesday, September 6th. Finally, Needham & Company LLC reiterated a “buy” rating and set a $7.00 price target on shares of Bazaarvoice in a research report on Friday, September 8th. One investment analyst has rated the stock with a sell rating, one has issued a hold rating and six have given a buy rating to the stock. The company has an average rating of “Buy” and a consensus target price of $6.46.
Bazaarvoice (NASDAQ:BV) traded down 1.98% on Thursday, hitting $4.95. 210,423 shares of the stock were exchanged. The firm’s market cap is $419.08 million. The company has a 50-day moving average price of $4.68 and a 200-day moving average price of $4.58. Bazaarvoice has a 52-week low of $3.80 and a 52-week high of $6.14.
Bazaarvoice (NASDAQ:BV) last posted 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. The business had revenue of $52.20 million during the quarter, compared to analyst estimates of $49.83 million. Bazaarvoice had a negative return on equity of 6.88% and a negative net margin of 6.47%. The company’s revenue was up 4.2% compared to the same quarter last year. On average, equities research analysts anticipate that Bazaarvoice will post $0.07 EPS for the current fiscal year.
A number of large investors have recently added to or reduced their stakes in BV. SQN Investors LP bought a new stake in Bazaarvoice in the 4th quarter worth approximately $15,878,000. First Trust Advisors LP lifted its position 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 worth $22,494,000 after buying an additional 2,126,064 shares during the last quarter. Russell Investments Group Ltd. bought a new stake in Bazaarvoice in the 4th quarter worth approximately $7,209,000. Emerald Acquisition Ltd. bought a new stake in Bazaarvoice in the 2nd quarter worth approximately $4,588,000. Finally, Boston Partners bought a new stake in Bazaarvoice in the 3rd quarter worth approximately $6,102,000. Institutional investors own 77.67% of the company’s stock.
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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