Zacks Investment Research Downgrades Bazaarvoice (BV) to Sell

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Bazaarvoice (NASDAQ:BV) was downgraded by Zacks Investment Research from a “hold” rating to a “sell” rating in a report issued on Tuesday.

According to Zacks, “BrightView Holdings, Inc. is a provider of commercial landscaping services primarily in the United States. It provides services from landscape maintenance and enhancements to tree care and landscape development for corporate and commercial properties, HOAs, public parks, hotels and resorts, hospitals and other healthcare facilities, educational institutions, restaurants and retail and golf courses. BrightView Holdings, Inc. is based in PA, United States. “

A number of other research firms have also recently commented on BV. Robert W. Baird set a $15.00 target price on Bazaarvoice and gave the stock a “buy” rating in a research note on Friday, December 28th. Nomura lowered their price target on Bazaarvoice from $25.00 to $22.00 and set a “buy” rating on the stock in a report on Tuesday. Finally, Royal Bank of Canada lowered their target price on Bazaarvoice to $18.00 and set an “outperform” rating on the stock in a report on Thursday, November 29th. One investment analyst has rated the stock with a sell rating, one has issued a hold rating and ten have assigned a buy rating to the company. The stock has a consensus rating of “Buy” and an average price target of $21.60.

Bazaarvoice stock opened at $13.77 on Tuesday. Bazaarvoice has a 1 year low of $9.05 and a 1 year high of $23.42.

Bazaarvoice (NASDAQ:BV) last announced its quarterly earnings data on Thursday, February 7th. The technology company reported $0.10 earnings per share for the quarter, missing the consensus estimate of $0.13 by ($0.03). The company had revenue of $526.00 million during the quarter, compared to the consensus estimate of $546.39 million. The business’s revenue was down 4.6% compared to the same quarter last year. During the same period in the prior year, the business posted $0.17 earnings per share.

In other news, CEO Andrew Masterman purchased 20,000 shares of the business’s stock in a transaction on Friday, December 14th. The stock was acquired at an average price of $11.06 per share, for a total transaction of $221,200.00. The acquisition was disclosed in a document filed with the SEC, which is available through this link. Also, insider Thomas C. Donnelly purchased 10,000 shares of the business’s stock in a transaction on Wednesday, December 12th. The shares were purchased at an average price of $11.78 per share, with a total value of $117,800.00. The disclosure for this purchase can be found here. Company insiders own 5.64% of the company’s stock.

Hedge funds and other institutional investors have recently added to or reduced their stakes in the business. First Mercantile Trust Co. bought a new stake in shares of Bazaarvoice in the 4th quarter valued at approximately $25,000. Strs Ohio bought a new stake in shares of Bazaarvoice in the 3rd quarter valued at approximately $113,000. American International Group Inc. bought a new stake in shares of Bazaarvoice in the 3rd quarter valued at approximately $263,000. Rhumbline Advisers bought a new stake in shares of Bazaarvoice in the 3rd quarter valued at approximately $335,000. Finally, River Road Asset Management LLC bought a new stake in shares of Bazaarvoice in the 4th quarter valued at approximately $263,000. Institutional investors and hedge funds own 78.35% of the company’s stock.

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.

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