Zacks Investment Research Lowers Bazaarvoice, Inc. (BV) to Hold

Bazaarvoice, Inc. (NASDAQ:BV) was downgraded by Zacks Investment Research from a “buy” rating to a “hold” rating in a note issued to investors on Tuesday, August 8th.

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. “

Several other equities analysts have also recently commented on BV. B. Riley restated a “buy” rating and set a $5.75 target price on shares of Bazaarvoice in a research report on Friday, June 2nd. BidaskClub cut Bazaarvoice from a “hold” rating to a “sell” rating in a research report on Wednesday, August 2nd. Finally, Northland Securities set a $7.00 price target on Bazaarvoice and gave the stock a “buy” rating in a research note on Saturday, July 22nd. One research analyst has rated the stock with a sell rating, two have assigned a hold rating and four have issued a buy rating to the company. The company currently has an average rating of “Hold” and a consensus target price of $6.05.

Shares of Bazaarvoice (BV) traded up 4.44% during mid-day trading on Tuesday, hitting $4.70. The company had a trading volume of 225,701 shares. Bazaarvoice has a one year low of $3.80 and a one year high of $6.14. The company’s market capitalization is $365.94 million. The company’s 50-day moving average is $4.72 and its 200 day moving average is $4.58.

Bazaarvoice (NASDAQ:BV) last posted its earnings results on Tuesday, June 6th. The technology company reported ($0.02) EPS for the quarter, hitting the Thomson Reuters’ consensus estimate of ($0.02). Bazaarvoice had a negative return on equity of 8.34% and a negative net margin of 7.92%. The business had revenue of $50.20 million during the quarter, compared to analysts’ expectations of $49.99 million. During the same period in the previous year, the business earned ($0.01) earnings per share. The firm’s revenue was down 1.0% on a year-over-year basis. On average, equities research analysts forecast that Bazaarvoice will post $0.06 EPS for the current fiscal year.

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Several large investors have recently added to or reduced their stakes in the stock. Cubist Systematic Strategies LLC raised its stake in Bazaarvoice by 50.3% in the second quarter. Cubist Systematic Strategies LLC now owns 22,202 shares of the technology company’s stock worth $110,000 after buying an additional 7,430 shares during the period. Tudor Investment Corp ET AL raised its stake in Bazaarvoice by 6.6% in the second 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 during the period. TFS Capital LLC bought a new stake in Bazaarvoice during the first quarter worth $145,000. Karp Capital Management Corp acquired a new position in shares of Bazaarvoice during the first quarter worth about $155,000. Finally, KCG Holdings Inc. acquired a new position in shares of Bazaarvoice during the first quarter worth about $157,000. 80.06% of the stock is owned by institutional investors.

About Bazaarvoice

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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