Zacks Investment Research upgraded shares of Bazaarvoice Inc. (NASDAQ:BV) from a hold rating to a buy rating in a research report sent to investors on Thursday. They currently have $6.25 price objective on the stock.
According to Zacks, “Bazaarvoice, Inc. provides social commerce solutions through Bazaarvoice, a Software-as-a-Service platform that enable clients to capture, display, and analyze online word of mouth. It serves clients in the retail, consumer products, travel and leisure, technology, telecommunications, financial services, healthcare, and automotive industries. Bazaarvoice offers its products particularly in the United States, Europe, Singapore, and Australia. The Company’s software builds online communities for the brand names of clients. Bazaarvoice, Inc. is headquartered in Austin, Texas. “
Other equities analysts have also issued reports about the stock. Deutsche Bank AG reissued a hold rating on shares of Bazaarvoice in a research report on Saturday, June 4th. B. Riley reissued a buy rating and issued a $8.00 price objective on shares of Bazaarvoice in a research report on Monday, September 12th. TheStreet raised shares of Bazaarvoice from a sell rating to a hold rating in a research report on Wednesday, September 7th. Morgan Stanley reissued a hold rating on shares of Bazaarvoice in a research report on Friday, June 10th. Finally, Credit Suisse Group AG reissued a buy rating on shares of Bazaarvoice in a research report on Saturday, June 4th. Three investment analysts have rated the stock with a hold rating and five have assigned a buy rating to the company’s stock. The stock has a consensus rating of Buy and a consensus price target of $6.38.
Shares of Bazaarvoice (NASDAQ:BV) opened at 5.92 on Thursday. Bazaarvoice has a 12 month low of $2.82 and a 12 month high of $6.11. The stock’s 50 day moving average is $4.70 and its 200 day moving average is $3.94. The firm’s market capitalization is $486.70 million.
A number of institutional investors have recently added to or reduced their stakes in BV. Menta Capital LLC purchased a new position in Bazaarvoice during the first quarter valued at approximately $109,000. JPMorgan Chase & Co. raised its position in Bazaarvoice by 23.1% in the first quarter. JPMorgan Chase & Co. now owns 3,805,881 shares of the company’s stock valued at $11,988,000 after buying an additional 714,832 shares in the last quarter. Spark Investment Management LLC raised its position in Bazaarvoice by 15.5% in the first quarter. Spark Investment Management LLC now owns 454,800 shares of the company’s stock valued at $1,432,000 after buying an additional 61,100 shares in the last quarter. RGM Capital LLC raised its position in Bazaarvoice by 3.0% in the first quarter. RGM Capital LLC now owns 7,447,740 shares of the company’s stock valued at $23,460,000 after buying an additional 213,560 shares in the last quarter. Finally, Okumus Fund Management Ltd. raised its position in Bazaarvoice by 41.6% in the first quarter. Okumus Fund Management Ltd. now owns 2,808,955 shares of the company’s stock valued at $8,848,000 after buying an additional 824,972 shares in the last quarter. 75.44% of the stock is currently owned by hedge funds and other institutional investors.
Bazaarvoice Company Profile
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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