Analysts Anticipate Bazaarvoice, Inc. (BV) Will Post Quarterly Sales of $51.02 Million
Wall Street analysts forecast that Bazaarvoice, Inc. (NASDAQ:BV) will announce $51.02 million in sales for the current quarter, according to Zacks. Two analysts have made estimates for Bazaarvoice’s earnings. The highest sales estimate is $51.04 million and the lowest is $51.00 million. Bazaarvoice posted sales of $50.41 million during the same quarter last year, which suggests a positive year-over-year growth rate of 1.2%. The business is scheduled to issue its next quarterly earnings report on Wednesday, November 29th.
On average, analysts expect that Bazaarvoice will report full-year sales of $51.02 million for the current fiscal year, with estimates ranging from $205.70 million to $207.28 million. For the next financial year, analysts anticipate that the company will report sales of $216.18 million per share, with estimates ranging from $212.00 million to $220.36 million. Zacks Investment Research’s sales averages are an average based on a survey of research analysts that that provide coverage for Bazaarvoice.
Bazaarvoice (NASDAQ:BV) last posted its quarterly 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 firm had revenue of $52.20 million during the quarter, compared to the consensus estimate of $49.83 million. Bazaarvoice had a negative return on equity of 6.88% and a negative net margin of 6.47%. The firm’s quarterly revenue was up 4.2% on a year-over-year basis.
BV has been the subject of several recent analyst reports. Credit Suisse Group upped their target price on Bazaarvoice from $6.00 to $7.00 and gave the company an “outperform” rating in a report on Friday, September 8th. Northland Securities set a $7.00 target price on Bazaarvoice and gave the company a “buy” rating in a report on Saturday, July 22nd. BidaskClub lowered Bazaarvoice from a “buy” rating to a “hold” rating in a report on Friday, July 7th. Zacks Investment Research raised Bazaarvoice from a “hold” rating to a “buy” rating and set a $5.75 target price for the company in a report on Thursday, September 14th. Finally, ValuEngine lowered Bazaarvoice from a “hold” rating to a “sell” rating in a report on Friday, September 1st. One equities research analyst has rated the stock with a sell rating, one has assigned a hold rating and six have given a buy rating to the company. Bazaarvoice presently has an average rating of “Buy” and an average target price of $6.46.
Large investors have recently bought and sold shares of the business. Cubist Systematic Strategies LLC raised its position in shares of Bazaarvoice by 50.3% in the second quarter. Cubist Systematic Strategies LLC now owns 22,202 shares of the technology company’s stock worth $110,000 after buying an additional 7,430 shares in the last quarter. Tudor Investment Corp ET AL raised its position in shares of Bazaarvoice by 6.6% in the second quarter. Tudor Investment Corp ET AL now owns 24,612 shares of the technology company’s stock worth $122,000 after buying an additional 1,516 shares in the last quarter. Karp Capital Management Corp purchased a new stake in shares of Bazaarvoice in the first quarter worth $155,000. KCG Holdings Inc. purchased a new stake in shares of Bazaarvoice in the first quarter worth $157,000. Finally, Voya Investment Management LLC raised its position in shares of Bazaarvoice by 20.3% in the second quarter. Voya Investment Management LLC now owns 40,424 shares of the technology company’s stock worth $200,000 after buying an additional 6,819 shares in the last quarter. Hedge funds and other institutional investors own 75.42% of the company’s stock.
Bazaarvoice (BV) opened at 5.00 on Friday. The firm has a 50-day moving average price of $4.91 and a 200-day moving average price of $4.72. Bazaarvoice has a 1-year low of $3.80 and a 1-year high of $5.55. The company’s market capitalization is $423.32 million.
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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