Bazaarvoice (BV) Downgraded to “Sell” at BidaskClub

Bazaarvoice (NASDAQ:BV) was downgraded by equities researchers at BidaskClub from a “hold” rating to a “sell” rating in a report released on Tuesday.

A number of other research firms also recently issued reports on BV. Credit Suisse Group downgraded Bazaarvoice from an “outperform” rating to a “neutral” rating and set a $5.50 price target for the company. in a research note on Tuesday, November 28th. Zacks Investment Research upgraded Bazaarvoice from a “hold” rating to a “strong-buy” rating and set a $6.25 price target for the company in a research note on Monday, December 4th. ValuEngine downgraded Bazaarvoice from a “hold” rating to a “sell” rating in a research note on Saturday, January 13th. B. Riley downgraded Bazaarvoice from a “buy” rating to a “neutral” rating and cut their price target for the company from $6.00 to $5.50 in a research note on Tuesday, November 28th. Finally, Needham & Company LLC cut shares of Bazaarvoice from a “buy” rating to a “hold” rating in a research report on Tuesday, November 28th. Two investment analysts have rated the stock with a sell rating, four have given a hold rating, one has issued a buy rating and one has issued a strong buy rating to the company’s stock. The company has a consensus rating of “Hold” and an average price target of $5.96.

Bazaarvoice (NASDAQ:BV) remained flat at $$5.50 during mid-day trading on Tuesday. 702,900 shares of the stock were exchanged, compared to its average volume of 920,273. The firm has a market cap of $474.10, a price-to-earnings ratio of -50.00 and a beta of 0.62. Bazaarvoice has a 52 week low of $3.80 and a 52 week high of $5.50.

Bazaarvoice (NASDAQ:BV) last released its quarterly earnings results on Monday, November 27th. The technology company reported $0.06 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.02 by $0.04. The business had revenue of $53.40 million during the quarter, compared to the consensus estimate of $50.83 million. Bazaarvoice had a negative return on equity of 4.42% and a negative net margin of 4.40%. The company’s quarterly revenue was up 6.0% on a year-over-year basis. During the same quarter in the previous year, the business earned $0.02 EPS. equities analysts forecast that Bazaarvoice will post -0.08 EPS for the current year.

In other Bazaarvoice news, insider Kelly Trammell sold 12,607 shares of Bazaarvoice stock in a transaction that occurred on Friday, December 22nd. The shares were sold at an average price of $5.45, for a total transaction of $68,708.15. Following the transaction, the insider now owns 126,290 shares of the company’s stock, valued at approximately $688,280.50. The transaction was disclosed in a legal filing with the SEC, which is available through this link. 5.64% of the stock is owned by company insiders.

Several large investors have recently bought and sold shares of the stock. Vanguard Group Inc. raised its holdings in shares of Bazaarvoice by 7.8% in the 2nd quarter. Vanguard Group Inc. now owns 6,552,046 shares of the technology company’s stock worth $32,432,000 after purchasing an additional 471,644 shares during the period. Alyeska Investment Group L.P. raised its holdings in shares of Bazaarvoice by 1.8% in the 3rd quarter. Alyeska Investment Group L.P. now owns 3,518,972 shares of the technology company’s stock worth $17,419,000 after purchasing an additional 62,837 shares during the period. Renaissance Technologies LLC raised its holdings in shares of Bazaarvoice by 8.8% in the 2nd quarter. Renaissance Technologies LLC now owns 3,314,200 shares of the technology company’s stock worth $16,405,000 after purchasing an additional 267,500 shares during the period. Boston Partners raised its holdings in shares of Bazaarvoice by 6.3% in the 3rd quarter. Boston Partners now owns 2,236,420 shares of the technology company’s stock worth $11,070,000 after purchasing an additional 132,630 shares during the period. Finally, Dimensional Fund Advisors LP raised its holdings in shares of Bazaarvoice by 15.5% in the 3rd quarter. Dimensional Fund Advisors LP now owns 2,101,643 shares of the technology company’s stock worth $10,404,000 after purchasing an additional 282,252 shares during the period. 77.33% of the stock is currently owned by institutional investors.

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About Bazaarvoice

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.

Analyst Recommendations for Bazaarvoice (NASDAQ:BV)

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