Bazaarvoice (BV) Posts Earnings Results, Misses Expectations By $0.03 EPS

Posted by Shane Hupp on Feb 7th, 2019 // No Comments

Bazaarvoice (NASDAQ:BV) announced its earnings results on Thursday. The technology company reported $0.10 earnings per share for the quarter, missing the Zacks’ consensus estimate of $0.13 by ($0.03), MarketWatch Earnings reports. The firm had revenue of $526.00 million during the quarter, compared to the consensus estimate of $546.39 million. During the same period in the previous year, the business posted $0.17 EPS. The business’s quarterly revenue was down 4.6% compared to the same quarter last year.

Bazaarvoice stock traded down $1.13 during mid-day trading on Thursday, hitting $13.61. The stock had a trading volume of 2,428 shares, compared to its average volume of 426,056. Bazaarvoice has a 12 month low of $9.05 and a 12 month high of $23.42.

In related news, CEO Andrew Masterman bought 20,000 shares of Bazaarvoice stock in a transaction on Friday, December 14th. The shares were purchased at an average price of $11.06 per share, for a total transaction of $221,200.00. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. Also, insider Thomas C. Donnelly bought 10,000 shares of Bazaarvoice stock in a transaction on Wednesday, December 12th. The shares were bought at an average price of $11.78 per share, for a total transaction of $117,800.00. The disclosure for this purchase can be found here. 5.64% of the stock is owned by company insiders.

Several equities analysts recently issued reports on the company. Robert W. Baird decreased their price target on Bazaarvoice from $22.00 to $18.00 and set an “outperform” rating on the stock in a report on Monday, October 15th. Royal Bank of Canada decreased their price target on Bazaarvoice to $18.00 and set an “outperform” rating on the stock in a report on Thursday, November 29th. Finally, Zacks Investment Research cut Bazaarvoice from a “hold” rating to a “sell” rating in a report on Tuesday, October 16th. One research analyst has rated the stock with a sell rating, one has issued a hold rating and nine have given a buy rating to the stock. Bazaarvoice has an average rating of “Buy” and a consensus price target of $22.33.

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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.