Bazaarvoice (BV) Downgraded by BidaskClub

Bazaarvoice (NASDAQ:BV) was downgraded by equities researchers at BidaskClub from a “hold” rating to a “sell” rating in a research note issued to investors on Tuesday.

Other equities analysts have also recently issued research reports about the stock. ValuEngine cut shares of Bazaarvoice from a “hold” rating to a “sell” rating in a research report on Saturday. B. Riley cut shares of Bazaarvoice from a “buy” rating to a “neutral” rating and cut their price objective for the stock from $6.00 to $5.50 in a research report on Tuesday, November 28th. Zacks Investment Research cut shares of Bazaarvoice from a “buy” rating to a “hold” rating in a research report on Wednesday, November 8th. Needham & Company LLC cut shares of Bazaarvoice from a “buy” rating to a “hold” rating in a research report on Tuesday, November 28th. Finally, Credit Suisse Group cut shares of Bazaarvoice from an “outperform” rating to a “neutral” rating and set a $5.50 price objective on the stock. in a research report on Tuesday, November 28th. Two research analysts have rated the stock with a sell rating, four have assigned a hold rating, one has given a buy rating and one has given a strong buy rating to the stock. The company currently has an average rating of “Hold” and an average price target of $5.96.

Shares of Bazaarvoice (BV) remained flat at $$5.50 on Tuesday. 782,200 shares of the company’s stock were exchanged, compared to its average volume of 942,010. The firm has a market cap of $474.10, a P/E ratio of -50.00 and a beta of 0.62. Bazaarvoice has a 1 year low of $3.80 and a 1 year high of $5.50.

Bazaarvoice (NASDAQ:BV) last issued its quarterly earnings results on Monday, November 27th. The technology company reported $0.06 EPS for the quarter, beating the Zacks’ consensus estimate of $0.02 by $0.04. The business had revenue of $53.40 million for the quarter, compared to analysts’ expectations of $50.83 million. Bazaarvoice had a negative net margin of 4.40% and a negative return on equity of 4.42%. The business’s quarterly revenue was up 6.0% compared to the same quarter last year. During the same quarter in the prior year, the firm posted $0.02 earnings per share. equities analysts expect that Bazaarvoice will post -0.08 earnings per share for the current year.

In related news, insider Kelly Trammell sold 12,607 shares of the company’s stock in a transaction dated Friday, December 22nd. The shares were sold at an average price of $5.45, for a total value of $68,708.15. Following the sale, the insider now owns 126,290 shares in the company, valued at approximately $688,280.50. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. Corporate insiders own 5.64% of the company’s stock.

Several institutional investors and hedge funds have recently bought and sold shares of the stock. Ameriprise Financial Inc. purchased a new stake in Bazaarvoice in the 2nd quarter valued at about $486,000. Dimensional Fund Advisors LP increased its stake in Bazaarvoice by 22.9% in the 2nd quarter. Dimensional Fund Advisors LP now owns 1,819,391 shares of the technology company’s stock valued at $9,006,000 after buying an additional 339,536 shares during the last quarter. Dynamic Technology Lab Private Ltd purchased a new stake in Bazaarvoice in the 2nd quarter valued at about $388,000. Highbridge Capital Management LLC increased its stake in Bazaarvoice by 126.1% in the 3rd quarter. Highbridge Capital Management LLC now owns 87,133 shares of the technology company’s stock valued at $431,000 after buying an additional 48,590 shares during the last quarter. Finally, Macquarie Group Ltd. purchased a new stake in Bazaarvoice in the 3rd quarter valued at about $441,000. Institutional investors own 77.33% of the company’s stock.

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Bazaarvoice Company Profile

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.

Analyst Recommendations for Bazaarvoice (NASDAQ:BV)

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