Shares of Bazaarvoice Inc (NASDAQ:BV) have been given an average rating of “Buy” by the twelve analysts that are presently covering the company, MarketBeat reports. Two investment analysts have rated the stock with a hold recommendation and ten have given a buy recommendation to the company. The average twelve-month price objective among brokerages that have issued a report on the stock in the last year is $22.22.
A number of research firms have recently commented on BV. Zacks Investment Research upgraded Bazaarvoice from a “sell” rating to a “hold” rating in a research report on Wednesday, April 10th. Nomura cut their target price on Bazaarvoice from $25.00 to $22.00 and set a “buy” rating on the stock in a research report on Tuesday, February 12th. Finally, Berenberg Bank began coverage on Bazaarvoice in a research report on Wednesday, February 13th. They set a “buy” rating and a $20.00 target price on the stock.
Several institutional investors and hedge funds have recently bought and sold shares of BV. BNP Paribas Arbitrage SA boosted its stake in Bazaarvoice by 963.5% in the 1st quarter. BNP Paribas Arbitrage SA now owns 6,519 shares of the technology company’s stock worth $94,000 after purchasing an additional 5,906 shares during the period. Peregrine Capital Management LLC acquired a new position in Bazaarvoice in the 1st quarter worth approximately $6,722,000. We Are One Seven LLC acquired a new position in Bazaarvoice in the 1st quarter worth approximately $235,000. Geode Capital Management LLC boosted its stake in Bazaarvoice by 27.3% in the 4th quarter. Geode Capital Management LLC now owns 255,083 shares of the technology company’s stock worth $2,604,000 after purchasing an additional 54,713 shares during the period. Finally, Norges Bank acquired a new position in Bazaarvoice in the 4th quarter worth approximately $8,105,000. Institutional investors and hedge funds own 78.35% of the company’s stock.
NASDAQ BV traded up $0.16 during trading on Wednesday, reaching $16.32. 467 shares of the company’s stock were exchanged, compared to its average volume of 373,039. Bazaarvoice has a 1 year low of $9.05 and a 1 year high of $23.42.
Bazaarvoice (NASDAQ:BV) last announced its quarterly earnings results on Thursday, February 7th. The technology company reported $0.10 earnings per share (EPS) for the quarter, missing the Zacks’ consensus estimate of $0.13 by ($0.03). The business had revenue of $526.00 million during the quarter, compared to the consensus estimate of $546.39 million. Bazaarvoice’s revenue was down 4.6% compared to the same quarter last year. During the same period last year, the business earned $0.17 earnings per share.
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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