Shares of Bazaarvoice Inc (NASDAQ:BV) have earned an average rating of “Buy” from the twelve research firms that are covering the firm, Marketbeat.com reports. Two investment analysts have rated the stock with a hold rating and ten have issued a buy rating on the company. The average 12 month price target among brokerages that have covered the stock in the last year is $22.25.
A number of research firms recently weighed in on BV. Credit Suisse Group restated a “neutral” rating on shares of Bazaarvoice in a research report on Friday, May 3rd. Zacks Investment Research upgraded shares of Bazaarvoice from a “sell” rating to a “hold” rating in a research report on Wednesday, April 10th. Finally, Berenberg Bank began coverage on shares of Bazaarvoice in a report on Wednesday, February 13th. They issued a “buy” rating and a $20.00 target price on the stock.
A number of institutional investors and hedge funds have recently made changes to their positions in the stock. First Mercantile Trust Co. purchased a new stake in shares of Bazaarvoice in the 4th quarter valued at approximately $25,000. Metropolitan Life Insurance Co. NY increased its position in shares of Bazaarvoice by 182.4% in the 4th quarter. Metropolitan Life Insurance Co. NY now owns 7,739 shares of the technology company’s stock valued at $79,000 after purchasing an additional 4,999 shares during the last quarter. BNP Paribas Arbitrage SA increased its position in shares of Bazaarvoice by 963.5% in the 1st quarter. BNP Paribas Arbitrage SA now owns 6,519 shares of the technology company’s stock valued at $94,000 after purchasing an additional 5,906 shares during the last quarter. Metropolitan Life Insurance Co NY increased its position in shares of Bazaarvoice by 36.2% in the 1st quarter. Metropolitan Life Insurance Co NY now owns 10,542 shares of the technology company’s stock valued at $151,000 after purchasing an additional 2,803 shares during the last quarter. Finally, MetLife Investment Advisors LLC increased its position in shares of Bazaarvoice by 56.1% in the 1st quarter. MetLife Investment Advisors LLC now owns 13,796 shares of the technology company’s stock valued at $199,000 after purchasing an additional 4,960 shares during the last quarter. 78.35% of the stock is currently owned by hedge funds and other institutional investors.
BV stock opened at $18.20 on Thursday. Bazaarvoice has a 52 week low of $9.05 and a 52 week high of $23.42.
Bazaarvoice (NASDAQ:BV) last posted its quarterly earnings results on Wednesday, May 8th. The technology company reported $0.15 earnings per share for the quarter, topping analysts’ consensus estimates of $0.09 by $0.06. The business had revenue of $596.60 million for the quarter, compared to analyst estimates of $597.88 million. The business’s revenue was up 1.1% compared to the same quarter last year.
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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