Bazaarvoice (NASDAQ:BV) had its target price cut by stock analysts at Nomura from $25.00 to $22.00 in a report released on Tuesday. The brokerage currently has a “buy” rating on the technology company’s stock. Nomura’s price target would suggest a potential upside of 66.92% from the company’s current price.
A number of other equities analysts have also issued reports on BV. Zacks Investment Research upgraded shares of Bazaarvoice from a “sell” rating to a “hold” rating in a research report on Wednesday, December 12th. Royal Bank of Canada lowered their target price on shares of Bazaarvoice to $18.00 and set an “outperform” rating on the stock in a research report on Thursday, November 29th. Finally, Robert W. Baird set a $15.00 target price on shares of Bazaarvoice and gave the stock a “buy” rating in a research report on Friday, December 28th. One investment analyst has rated the stock with a sell rating, one has assigned a hold rating and nine have assigned a buy rating to the stock. The stock currently has a consensus rating of “Buy” and a consensus target price of $21.78.
BV stock traded up $0.18 during midday trading on Tuesday, reaching $13.18. 60,877 shares of the company were exchanged, compared to its average volume of 465,439. Bazaarvoice has a 1-year low of $9.05 and a 1-year high of $23.42.
Bazaarvoice (NASDAQ:BV) last released its quarterly earnings data on Thursday, February 7th. The technology company reported $0.10 earnings per share for the quarter, missing analysts’ consensus estimates of $0.13 by ($0.03). The business had revenue of $526.00 million for the quarter, compared to the consensus estimate of $546.39 million. During the same quarter in the prior year, the firm posted $0.17 earnings per share. The company’s quarterly revenue was down 4.6% compared to the same quarter last year.
In other Bazaarvoice news, CEO Andrew Masterman purchased 20,000 shares of the stock in a transaction on Friday, December 14th. The stock was bought at an average price of $11.06 per share, for a total transaction of $221,200.00. The purchase was disclosed in a legal filing with the SEC, which is available through the SEC website. Also, insider Thomas C. Donnelly purchased 10,000 shares of the stock in a transaction on Wednesday, December 12th. The stock was acquired at an average price of $11.78 per share, with a total value of $117,800.00. The disclosure for this purchase can be found here. Insiders own 5.64% of the company’s stock.
Institutional investors and hedge funds have recently bought and sold shares of the business. Ameriprise Financial Inc. purchased a new stake in Bazaarvoice in the 2nd quarter valued at about $486,000. AWM Investment Company Inc. purchased a new stake in shares of Bazaarvoice during the 4th quarter worth about $1,971,000. Deutsche Bank AG grew its holdings in shares of Bazaarvoice by 1,542.4% during the 4th quarter. Deutsche Bank AG now owns 2,598,241 shares of the technology company’s stock worth $14,158,000 after purchasing an additional 2,440,044 shares during the period. First Trust Advisors LP grew its holdings in shares of Bazaarvoice by 70.6% during the 4th quarter. First Trust Advisors LP now owns 5,135,604 shares of the technology company’s stock worth $22,494,000 after purchasing an additional 2,126,064 shares during the period. Finally, California State Teachers Retirement System grew its holdings in shares of Bazaarvoice by 1.8% during the 4th quarter. California State Teachers Retirement System now owns 113,029 shares of the technology company’s stock worth $495,000 after purchasing an additional 2,000 shares during the period. Institutional investors own 78.35% of the company’s stock.
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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