Bazaarvoice (NASDAQ:BV) Stock Price Up 7.7%

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Bazaarvoice Inc (NASDAQ:BV)’s share price rose 7.7% during mid-day trading on Thursday . The stock traded as high as $18.27 and last traded at $18.21, approximately 254,232 shares traded hands during mid-day trading. A decline of 18% from the average daily volume of 308,500 shares. The stock had previously closed at $16.91.

A number of analysts recently weighed in on BV shares. Royal Bank of Canada raised their target price on shares of Bazaarvoice to $21.00 and gave the stock a “positive” rating in a report on Wednesday, July 3rd. Nomura restated a “buy” rating and set a $22.00 target price on shares of Bazaarvoice in a report on Thursday. Credit Suisse Group restated a “neutral” rating on shares of Bazaarvoice in a report on Friday, May 3rd. JPMorgan Chase & Co. cut shares of Bazaarvoice from an “overweight” rating to a “neutral” rating and set a $18.00 target price for the company. in a report on Thursday, July 18th. Finally, Zacks Investment Research upgraded shares of Bazaarvoice from a “hold” rating to a “buy” rating and set a $20.00 target price for the company in a report on Tuesday, July 9th. Two investment analysts have rated the stock with a hold rating and five have given a buy rating to the company’s stock. The stock presently has an average rating of “Buy” and an average target price of $19.71.

The business has a 50-day moving average of $18.55.

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

Several institutional investors have recently added to or reduced their stakes in the company. Norges Bank acquired a new position in Bazaarvoice in the 4th quarter valued at $8,105,000. Peregrine Capital Management LLC acquired a new position in Bazaarvoice in the 1st quarter valued at $6,722,000. Russell Investments Group Ltd. grew its stake in Bazaarvoice by 660.2% in the 2nd quarter. Russell Investments Group Ltd. now owns 191,119 shares of the technology company’s stock valued at $3,576,000 after buying an additional 165,978 shares during the last quarter. Falcon Point Capital LLC acquired a new position in Bazaarvoice in the 2nd quarter valued at $2,330,000. Finally, Geode Capital Management LLC grew its stake in Bazaarvoice by 27.3% in the 4th quarter. Geode Capital Management LLC now owns 255,083 shares of the technology company’s stock valued at $2,604,000 after buying an additional 54,713 shares during the last quarter. Institutional investors and hedge funds own 78.35% of the company’s stock.

Bazaarvoice Company Profile (NASDAQ:BV)

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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