Bazaarvoice, Inc. (BV) Downgraded to Hold at Zacks Investment Research
Zacks Investment Research downgraded shares of Bazaarvoice, Inc. (NASDAQ:BV) from a buy rating to a hold rating in a report issued on Wednesday.
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. “
A number of other equities research analysts also recently weighed in on BV. Northland Securities set a $7.00 price target on Bazaarvoice and gave the company a buy rating in a report on Saturday, July 22nd. BidaskClub downgraded Bazaarvoice from a hold rating to a sell rating in a research note on Wednesday, August 2nd. ValuEngine downgraded Bazaarvoice from a hold rating to a sell rating in a research note on Friday, September 1st. B. Riley restated a buy rating and set a $5.75 price objective on shares of Bazaarvoice in a research note on Tuesday, September 5th. Finally, Needham & Company LLC restated a buy rating and set a $7.00 price objective on shares of Bazaarvoice in a research note on Friday, September 8th. Two analysts have rated the stock with a sell rating, one has issued a hold rating and five have given a buy rating to the stock. The stock has an average rating of Hold and an average price target of $6.46.
Bazaarvoice (BV) traded down $0.07 during midday trading on Wednesday, hitting $4.43. The stock had a trading volume of 115,950 shares, compared to its average volume of 263,228. Bazaarvoice has a fifty-two week low of $3.80 and a fifty-two week high of $5.40.
Bazaarvoice (NASDAQ:BV) last released its quarterly earnings results on Thursday, September 7th. The technology company reported ($0.02) EPS for the quarter, topping the consensus estimate of ($0.06) by $0.04. The firm had revenue of $52.20 million for the quarter, compared to analyst estimates of $49.83 million. Bazaarvoice had a negative return on equity of 6.88% and a negative net margin of 6.47%. The firm’s revenue for the quarter was up 4.2% compared to the same quarter last year. sell-side analysts anticipate that Bazaarvoice will post -0.13 earnings per share for the current fiscal year.
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Hedge funds have recently made changes to their positions in the business. SG Americas Securities LLC lifted its position in shares of Bazaarvoice by 109.1% in the 3rd quarter. SG Americas Securities LLC now owns 21,021 shares of the technology company’s stock worth $104,000 after acquiring an additional 10,967 shares during the period. Cubist Systematic Strategies LLC lifted its position in shares of Bazaarvoice by 50.3% in the 2nd quarter. Cubist Systematic Strategies LLC now owns 22,202 shares of the technology company’s stock worth $110,000 after acquiring an additional 7,430 shares during the period. Tudor Investment Corp ET AL raised its holdings in shares of Bazaarvoice by 6.6% in the 2nd quarter. Tudor Investment Corp ET AL now owns 24,612 shares of the technology company’s stock worth $122,000 after buying an additional 1,516 shares in the last quarter. Karp Capital Management Corp acquired a new position in shares of Bazaarvoice in the 1st quarter worth approximately $155,000. Finally, KCG Holdings Inc. acquired a new position in shares of Bazaarvoice in the 1st quarter worth approximately $157,000. Institutional investors own 75.05% of the company’s stock.
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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