Bazaarvoice (NASDAQ:BV) was upgraded by Zacks Investment Research from a “hold” rating to a “strong-buy” rating in a research report issued to clients and investors on Monday. The brokerage presently has a $6.25 price objective on the technology company’s stock. Zacks Investment Research‘s price objective would indicate a potential upside of 14.26% 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. “
Several other analysts have also recently issued reports on BV. Northland Securities set a $7.00 target price on Bazaarvoice and gave the stock a “buy” rating in a research report on Monday, August 28th. ValuEngine cut Bazaarvoice from a “hold” rating to a “sell” rating in a research report on Friday, September 1st. B. Riley restated a “buy” rating and set a $5.75 price target on shares of Bazaarvoice in a report on Tuesday, September 5th. BidaskClub upgraded Bazaarvoice from a “sell” rating to a “hold” rating in a report on Wednesday, September 6th. Finally, Needham & Company LLC restated a “buy” rating and set a $7.00 price target on shares of Bazaarvoice in a report on Friday, September 8th. Two analysts have rated the stock with a sell rating, four have issued a hold rating, one has issued a buy rating and one has given a strong buy rating to the company’s stock. Bazaarvoice has a consensus rating of “Hold” and a consensus target price of $5.96.
Bazaarvoice (NASDAQ:BV) last posted its quarterly earnings data on Monday, November 27th. The technology company reported $0.06 EPS for the quarter, topping the consensus estimate of $0.02 by $0.04. Bazaarvoice had a negative return on equity of 4.42% and a negative net margin of 4.40%. The firm had revenue of $53.40 million for the quarter, compared to the consensus estimate of $50.83 million. During the same quarter last year, the company earned $0.02 earnings per share. The business’s revenue for the quarter was up 6.0% compared to the same quarter last year. research analysts expect that Bazaarvoice will post -0.08 EPS for the current fiscal year.
Several large investors have recently bought and sold shares of the company. Goldman Sachs Group Inc. lifted its stake in shares of Bazaarvoice by 1.2% during the 2nd quarter. Goldman Sachs Group Inc. now owns 74,874 shares of the technology company’s stock worth $371,000 after acquiring an additional 866 shares during the last quarter. Bank of America Corp DE lifted its stake in shares of Bazaarvoice by 3.2% during the 1st quarter. Bank of America Corp DE now owns 47,293 shares of the technology company’s stock worth $203,000 after acquiring an additional 1,469 shares during the last quarter. Tudor Investment Corp ET AL lifted its stake in shares of Bazaarvoice by 6.6% during the 2nd quarter. Tudor Investment Corp ET AL now owns 24,612 shares of the technology company’s stock worth $122,000 after acquiring an additional 1,516 shares during the last quarter. Schwab Charles Investment Management Inc. lifted its stake in shares of Bazaarvoice by 0.6% during the 2nd quarter. Schwab Charles Investment Management Inc. now owns 336,596 shares of the technology company’s stock worth $1,667,000 after acquiring an additional 2,014 shares during the last quarter. Finally, The Manufacturers Life Insurance Company lifted its stake in shares of Bazaarvoice by 5.8% during the 2nd quarter. The Manufacturers Life Insurance Company now owns 69,770 shares of the technology company’s stock worth $346,000 after acquiring an additional 3,835 shares during the last quarter. 77.82% of the stock is owned by institutional investors and hedge funds.
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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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