Bazaarvoice Inc. (BV) Announces Earnings Results
Bazaarvoice Inc. (NASDAQ:BV) announced its quarterly earnings results on Wednesday. The company reported $0.02 earnings per share for the quarter, topping analysts’ consensus estimates of ($0.01) by $0.03. The firm had revenue of $50.40 million for the quarter, compared to the consensus estimate of $50.49 million. Bazaarvoice had a negative return on equity of 8.00% and a negative net margin of 9.68%. The business’s revenue for the quarter was up 1.0% on a year-over-year basis.
Bazaarvoice (NASDAQ:BV) traded up 4.95% during midday trading on Wednesday, reaching $5.30. The company’s stock had a trading volume of 1,412,091 shares. The stock has a 50-day moving average price of $5.10 and a 200 day moving average price of $4.46. Bazaarvoice has a 12 month low of $2.82 and a 12 month high of $6.14. The company’s market cap is $435.73 million.
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Several research firms have recently commented on BV. Zacks Investment Research raised Bazaarvoice from a “hold” rating to a “buy” rating and set a $4.75 target price on the stock in a research report on Tuesday, August 2nd. B. Riley reaffirmed a “buy” rating and issued a $8.00 target price on shares of Bazaarvoice in a research report on Wednesday, October 19th. BTIG Research began coverage on Bazaarvoice in a research report on Wednesday, November 16th. They issued a “buy” rating and a $8.00 target price on the stock. Finally, TheStreet raised Bazaarvoice from a “sell” rating to a “hold” rating in a research report on Wednesday, September 7th. Four investment analysts have rated the stock with a hold rating and five have given a buy rating to the company’s stock. Bazaarvoice currently has a consensus rating of “Buy” and a consensus target price of $6.61.
Large investors have recently added to or reduced their stakes in the stock. Allianz Asset Management AG purchased a new stake in Bazaarvoice during the second quarter valued at approximately $105,000. BlackRock Inc. boosted its stake in Bazaarvoice by 4.0% in the third quarter. BlackRock Inc. now owns 18,980 shares of the company’s stock valued at $112,000 after buying an additional 737 shares during the period. BlackRock Group LTD boosted its stake in Bazaarvoice by 51.4% in the third quarter. BlackRock Group LTD now owns 23,368 shares of the company’s stock valued at $138,000 after buying an additional 7,937 shares during the period. BlackRock Advisors LLC boosted its stake in Bazaarvoice by 25.6% in the second quarter. BlackRock Advisors LLC now owns 37,049 shares of the company’s stock valued at $149,000 after buying an additional 7,556 shares during the period. Finally, American International Group Inc. boosted its stake in Bazaarvoice by 31.5% in the second quarter. American International Group Inc. now owns 47,273 shares of the company’s stock valued at $190,000 after buying an additional 11,314 shares during the period. 81.89% of the stock is owned by hedge funds and other institutional investors.
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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