Bazaarvoice Inc. (BV) Upgraded to “Buy” at Zacks Investment Research
Zacks Investment Research upgraded shares of Bazaarvoice Inc. (NASDAQ:BV) from a hold rating to a buy rating in a report released on Thursday. Zacks Investment Research currently has $6.25 target price on the stock.
According to Zacks, “Bazaarvoice, Inc. provides social commerce solutions through Bazaarvoice, a Software-as-a-Service platform that enable clients to capture, display, and analyze online word of mouth. It serves clients in the retail, consumer products, travel and leisure, technology, telecommunications, financial services, healthcare, and automotive industries. Bazaarvoice offers its products particularly in the United States, Europe, Singapore, and Australia. The Company’s software builds online communities for the brand names of clients. Bazaarvoice, Inc. is headquartered in Austin, Texas. “
Other equities research analysts have also issued research reports about the stock. B. Riley reissued a buy rating and issued a $8.00 price objective on shares of Bazaarvoice in a research report on Wednesday, June 1st. Deutsche Bank AG reissued a hold rating on shares of Bazaarvoice in a research report on Saturday, June 4th. Credit Suisse Group AG reissued a buy rating on shares of Bazaarvoice in a research report on Saturday, June 4th. Morgan Stanley reissued a hold rating on shares of Bazaarvoice in a research report on Friday, June 10th. Finally, TheStreet raised shares of Bazaarvoice from a sell rating to a hold rating in a research report on Wednesday, September 7th. Three investment analysts have rated the stock with a hold rating and five have given a buy rating to the company. The stock has a consensus rating of Buy and an average target price of $6.38.
Bazaarvoice (NASDAQ:BV) traded up 1.298% during trading on Thursday, hitting $5.855. 228,108 shares of the company were exchanged. The company has a 50-day moving average of $4.55 and a 200-day moving average of $3.88. Bazaarvoice has a 12 month low of $2.82 and a 12 month high of $5.91. The company’s market capitalization is $481.36 million.
Several hedge funds have recently modified their holdings of BV. JPMorgan Chase & Co. boosted its stake in Bazaarvoice by 23.1% in the first quarter. JPMorgan Chase & Co. now owns 3,805,881 shares of the company’s stock worth $11,988,000 after buying an additional 714,832 shares during the period. Menta Capital LLC purchased a new stake in Bazaarvoice during the first quarter worth $109,000. Spark Investment Management LLC boosted its stake in Bazaarvoice by 15.5% in the first quarter. Spark Investment Management LLC now owns 454,800 shares of the company’s stock worth $1,432,000 after buying an additional 61,100 shares during the period. State Street Corp boosted its stake in Bazaarvoice by 4.4% in the first quarter. State Street Corp now owns 887,459 shares of the company’s stock worth $2,798,000 after buying an additional 37,708 shares during the period. Finally, Geode Capital Management LLC boosted its stake in Bazaarvoice by 11.9% in the first quarter. Geode Capital Management LLC now owns 443,640 shares of the company’s stock worth $1,396,000 after buying an additional 47,012 shares during the period. 75.44% of the stock is currently owned by institutional investors.
Bazaarvoice, Inc is a network that connects brands and retailers to the authentic voices of people where they shop. The Company’s technology platform collects and displays ratings and reviews, questions and answers and stories from customers along with visual commerce capabilities that collectively amplify the voices of the consumers into the shopping.
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