Stonebridge Capital Management Inc. lowered its stake in Bazaarvoice Inc. (NASDAQ:BV) by 79.6% during the second quarter, according to its most recent disclosure with the SEC. The institutional investor owned 27,500 shares of the company’s stock after selling 107,175 shares during the period. Stonebridge Capital Management Inc.’s holdings in Bazaarvoice were worth $110,000 as of its most recent filing with the SEC.
Several other hedge funds and other institutional investors have also added to or reduced their stakes in the company. Okumus Fund Management Ltd. boosted its stake in shares of Bazaarvoice by 41.6% in the first quarter. Okumus Fund Management Ltd. now owns 2,808,955 shares of the company’s stock worth $8,848,000 after buying an additional 824,972 shares during the period. JPMorgan Chase & Co. boosted its stake in shares of Bazaarvoice by 23.1% in the first quarter. JPMorgan Chase & Co. now owns 3,805,881 shares of the company’s stock worth $11,988,000 after buying an additional 714,832 shares during the period. Jacobs Levy Equity Management Inc. purchased a new stake in shares of Bazaarvoice during the first quarter worth about $1,162,000. RGM Capital LLC boosted its stake in shares of Bazaarvoice by 3.0% in the first quarter. RGM Capital LLC now owns 7,447,740 shares of the company’s stock worth $23,460,000 after buying an additional 213,560 shares during the period. Finally, Edge Wealth Management LLC purchased a new stake in shares of Bazaarvoice during the second quarter worth about $329,000. 75.44% of the stock is owned by institutional investors and hedge funds.
Bazaarvoice Inc. (NASDAQ:BV) traded up 2.25% during trading on Friday, reaching $5.91. The company had a trading volume of 1,751,588 shares. Bazaarvoice Inc. has a 52-week low of $2.82 and a 52-week high of $5.98. The firm’s market capitalization is $485.88 million. The company has a 50-day moving average of $4.55 and a 200-day moving average of $3.88.
BV has been the subject of several analyst reports. Deutsche Bank AG reaffirmed a “hold” rating on shares of Bazaarvoice in a research note on Saturday, June 4th. Credit Suisse Group AG reaffirmed a “buy” rating on shares of Bazaarvoice in a research note on Saturday, June 4th. B. Riley reaffirmed a “buy” rating and set a $8.00 price objective on shares of Bazaarvoice in a research note on Monday, June 6th. Morgan Stanley reaffirmed a “hold” rating on shares of Bazaarvoice in a research note on Friday, June 10th. Finally, Zacks Investment Research raised Bazaarvoice from a “hold” rating to a “buy” rating and set a $4.75 price objective for the company in a research note on Tuesday, August 2nd. Three research analysts have rated the stock with a hold rating and five have given a buy rating to the stock. Bazaarvoice currently has an average rating of “Buy” and a consensus price target of $6.38.
Bazaarvoice, Inc is a network that connects brands and retailers to the authentic voices of people where they shop. The Company’s technology platform collects and displays ratings and reviews, questions and answers and stories from customers along with visual commerce capabilities that collectively amplify the voices of the consumers into the shopping.
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