Shares of Bazaarvoice Inc (NASDAQ:BV) have been given an average recommendation of “Buy” by the twelve research firms that are currently covering the company, Marketbeat Ratings reports. Two analysts have rated the stock with a hold recommendation and ten have assigned a buy recommendation to the company. The average twelve-month price objective among analysts that have issued ratings on the stock in the last year is $22.25.
Several brokerages recently issued reports on BV. Credit Suisse Group reissued a “neutral” rating on shares of Bazaarvoice in a research note on Friday, May 3rd. Zacks Investment Research lowered shares of Bazaarvoice from a “hold” rating to a “sell” rating in a research note on Tuesday, February 12th. Berenberg Bank started coverage on shares of Bazaarvoice in a research note on Wednesday, February 13th. They issued a “buy” rating and a $20.00 price objective on the stock. Finally, Nomura dropped their price objective on shares of Bazaarvoice from $25.00 to $22.00 and set a “buy” rating on the stock in a research note on Tuesday, February 12th.
Institutional investors have recently added to or reduced their stakes in the business. First Mercantile Trust Co. bought a new position in shares of Bazaarvoice during the fourth quarter valued at about $25,000. Metropolitan Life Insurance Co. NY lifted its position in shares of Bazaarvoice by 182.4% during the fourth 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 in the last quarter. BNP Paribas Arbitrage SA lifted its position in shares of Bazaarvoice by 963.5% during the first 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 in the last quarter. Metropolitan Life Insurance Co NY lifted its position in shares of Bazaarvoice by 36.2% during the first 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 in the last quarter. Finally, MetLife Investment Advisors LLC lifted its position in shares of Bazaarvoice by 56.1% during the first 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 in the last quarter. 78.35% of the stock is currently owned by hedge funds and other institutional investors.
Shares of NASDAQ BV opened at $16.76 on Friday. Bazaarvoice has a 12-month low of $9.05 and a 12-month high of $23.42.
Bazaarvoice (NASDAQ:BV) last issued its earnings results on Wednesday, May 8th. The technology company reported $0.15 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $0.09 by $0.06. The company had revenue of $596.60 million for the quarter, compared to the consensus estimate of $597.88 million. Bazaarvoice’s revenue was up 1.1% compared to the same quarter last year.
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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