Bazaarvoice (NASDAQ:BV) Shares Cross Above 200-Day Moving Average of $16.45

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Bazaarvoice Inc (NASDAQ:BV) shares crossed above its two hundred day moving average during trading on Friday . The stock has a two hundred day moving average of $16.45 and traded as high as $18.85. Bazaarvoice shares last traded at $18.39, with a volume of 1,339 shares trading hands.

A number of analysts have recently issued reports on BV shares. JPMorgan Chase & Co. lowered shares of Bazaarvoice from an “overweight” rating to a “neutral” rating and set a $18.00 target price for the company. in a research note on Thursday, July 18th. Royal Bank of Canada boosted their target price on shares of Bazaarvoice to $21.00 and gave the company a “positive” rating in a research note on Wednesday, July 3rd. Credit Suisse Group reissued a “neutral” rating on shares of Bazaarvoice in a research note on Friday, May 3rd. Zacks Investment Research raised shares of Bazaarvoice from a “hold” rating to a “buy” rating and set a $20.00 target price for the company in a research note on Tuesday, July 9th. Finally, Nomura reissued a “buy” rating and set a $22.00 target price on shares of Bazaarvoice in a research note on Thursday, August 8th. Two equities research analysts have rated the stock with a hold rating and five have issued a buy rating to the stock. The company has a consensus rating of “Buy” and an average target price of $19.33.

The firm has a fifty day moving average of $18.55 and a two-hundred day moving average of $16.45.

Bazaarvoice (NASDAQ:BV) last released its quarterly earnings data on Wednesday, August 7th. The technology company reported $0.46 earnings per share for the quarter, missing the consensus estimate of $0.47 by ($0.01). The company had revenue of $657.20 million during the quarter, compared to analysts’ expectations of $668.65 million. Bazaarvoice’s quarterly revenue was up 4.3% compared to the same quarter last year. During the same period in the prior year, the firm earned $0.47 EPS.

Several hedge funds have recently added to or reduced their stakes in BV. Metropolitan Life Insurance Co. NY raised its holdings in shares of Bazaarvoice by 182.4% in the fourth quarter. Metropolitan Life Insurance Co. NY now owns 7,739 shares of the technology company’s stock valued at $79,000 after acquiring an additional 4,999 shares in the last quarter. BNP Paribas Arbitrage SA raised its holdings in Bazaarvoice by 963.5% in the first 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 in the last quarter. First Mercantile Trust Co. raised its holdings in Bazaarvoice by 151.5% in the second quarter. First Mercantile Trust Co. now owns 7,117 shares of the technology company’s stock worth $133,000 after purchasing an additional 4,287 shares in the last quarter. Metropolitan Life Insurance Co NY raised its holdings in Bazaarvoice by 36.2% in the first quarter. Metropolitan Life Insurance Co NY now owns 10,542 shares of the technology company’s stock worth $151,000 after purchasing an additional 2,803 shares in the last quarter. Finally, MetLife Investment Advisors LLC raised its holdings in Bazaarvoice by 56.1% in the first quarter. MetLife Investment Advisors LLC now owns 13,796 shares of the technology company’s stock worth $199,000 after purchasing an additional 4,960 shares in the last quarter. Hedge funds and other institutional investors own 78.35% of the company’s stock.

About Bazaarvoice (NASDAQ:BV)

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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