Bazaarvoice (BV) Announces Quarterly Earnings Results

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Bazaarvoice (NASDAQ:BV) posted its earnings results on Wednesday. The technology company reported $0.15 earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of $0.13 by $0.02, MarketWatch Earnings reports. The firm had revenue of $596.60 million during the quarter, compared to analyst estimates of $597.88 million. The company’s revenue was up 1.1% compared to the same quarter last year. Bazaarvoice updated its FY 2019 guidance to EPS.

Shares of BV stock opened at $16.39 on Thursday. Bazaarvoice has a 52 week low of $9.05 and a 52 week high of $23.42.

Several equities research analysts have weighed in on BV shares. Zacks Investment Research upgraded shares of Bazaarvoice from a “hold” rating to a “buy” rating and set a $16.00 target price on the stock in a report on Monday, January 21st. Nomura cut their target price on shares of Bazaarvoice from $25.00 to $22.00 and set a “buy” rating on the stock in a report on Tuesday, February 12th. Berenberg Bank started 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. Finally, Credit Suisse Group reiterated a “neutral” rating on shares of Bazaarvoice in a report on Friday, May 3rd. Two investment analysts have rated the stock with a hold rating and ten have assigned a buy rating to the company. The stock presently has an average rating of “Buy” and a consensus target price of $21.60.

A hedge fund recently raised its stake in Bazaarvoice stock. Geode Capital Management LLC increased its stake in shares of Bazaarvoice Inc (NASDAQ:BV) by 27.3% in the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 255,083 shares of the technology company’s stock after purchasing an additional 54,713 shares during the quarter. Geode Capital Management LLC owned approximately 0.24% of Bazaarvoice worth $2,604,000 at the end of the most recent reporting period. 78.35% of the stock is currently owned by institutional investors and hedge funds.

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About Bazaarvoice

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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Earnings History for Bazaarvoice (NASDAQ:BV)

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