Bazaarvoice (NASDAQ:BV) Earns Buy Rating from Nomura

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Nomura restated their buy rating on shares of Bazaarvoice (NASDAQ:BV) in a report issued on Thursday morning, AnalystRatings.com reports. The brokerage currently has a $22.00 target price on the technology company’s stock.

Other equities analysts have also issued research reports about the stock. Credit Suisse Group reissued a neutral rating on shares of Bazaarvoice in a report on Friday, May 3rd. Zacks Investment Research raised shares of Bazaarvoice from a hold rating to a buy rating and set a $20.00 price target on the stock in a report on Tuesday, July 9th. JPMorgan Chase & Co. lowered shares of Bazaarvoice from an overweight rating to a neutral rating and set a $18.00 price target on the stock. in a report on Thursday, July 18th. Finally, Royal Bank of Canada increased their price target on shares of Bazaarvoice to $21.00 and gave the stock a positive rating in a report on Wednesday, July 3rd. Two investment analysts have rated the stock with a hold rating and five have given a buy rating to the company’s stock. The company presently has an average rating of Buy and an average target price of $19.71.

Shares of NASDAQ:BV traded up $0.86 during trading on Thursday, reaching $19.07. The company had a trading volume of 226,740 shares, compared to its average volume of 307,966. The company has a fifty day moving average price of $18.55. Bazaarvoice has a 12 month low of $9.05 and a 12 month high of $20.27.

Bazaarvoice (NASDAQ:BV) last issued its quarterly earnings results on Wednesday, August 7th. The technology company reported $0.46 EPS for the quarter, missing the Zacks’ consensus estimate of $0.47 by ($0.01). The firm had revenue of $657.20 million for the quarter, compared to analysts’ expectations of $668.65 million. Bazaarvoice’s revenue was up 4.3% on a year-over-year basis. During the same quarter last year, the firm earned $0.47 earnings per share.

Several institutional investors have recently made changes to their positions in the company. Bank of New York Mellon Corp grew its position in shares of Bazaarvoice by 26.0% during the 4th quarter. Bank of New York Mellon Corp now owns 83,180 shares of the technology company’s stock valued at $850,000 after purchasing an additional 17,189 shares in the last quarter. Geode Capital Management LLC grew its position in Bazaarvoice by 27.3% in the fourth quarter. Geode Capital Management LLC now owns 255,083 shares of the technology company’s stock worth $2,604,000 after acquiring an additional 54,713 shares in the last quarter. Metropolitan Life Insurance Co. NY grew its position in Bazaarvoice by 182.4% in the fourth quarter. Metropolitan Life Insurance Co. NY now owns 7,739 shares of the technology company’s stock worth $79,000 after acquiring an additional 4,999 shares in the last quarter. Norges Bank purchased a new position in Bazaarvoice in the fourth quarter worth $8,105,000. Finally, We Are One Seven LLC purchased a new position in Bazaarvoice in the first quarter worth $235,000. 78.35% of the stock is owned by institutional investors.

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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Analyst Recommendations for Bazaarvoice (NASDAQ:BV)

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