Bazaarvoice (NASDAQ:BV) Stock Rating Reaffirmed by Nomura

Bazaarvoice (NASDAQ:BV)‘s stock had its “buy” rating reissued by equities research analysts at Nomura in a note issued to investors on Thursday, AnalystRatings.com reports. They currently have a $22.00 price target on the technology company’s stock. Nomura’s target price points to a potential upside of 15.36% from the company’s current price.

Several other analysts have also recently weighed in on the company. Zacks Investment Research raised Bazaarvoice from a “hold” rating to a “buy” rating and set a $20.00 price objective on the stock in a research report on Tuesday, July 9th. Credit Suisse Group reiterated a “neutral” rating on shares of Bazaarvoice in a report on Friday, May 3rd. JPMorgan Chase & Co. lowered 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, Royal Bank of Canada lifted their target price on shares of Bazaarvoice to $21.00 and gave the company a “positive” rating in a report on Wednesday, July 3rd. Two analysts have rated the stock with a hold rating and five have assigned a buy rating to the company’s stock. The stock has an average rating of “Buy” and a consensus price target of $19.71.

Shares of NASDAQ BV traded up $0.86 during trading hours on Thursday, hitting $19.07. The company’s stock had a trading volume of 218,398 shares, compared to its average volume of 307,966. Bazaarvoice has a 12 month low of $9.05 and a 12 month high of $20.27. The stock has a 50-day moving average price of $18.55.

Bazaarvoice (NASDAQ:BV) last posted its earnings results on Wednesday, August 7th. The technology company reported $0.46 earnings per share (EPS) for the quarter, missing the Thomson Reuters’ consensus estimate of $0.47 by ($0.01). The company had revenue of $657.20 million during the quarter, compared to the consensus estimate of $668.65 million. Bazaarvoice’s revenue was up 4.3% compared to the same quarter last year. During the same quarter in the previous year, the firm earned $0.47 earnings per share.

A number of institutional investors and hedge funds have recently made changes to their positions in BV. Metropolitan Life Insurance Co. NY grew its position in shares of Bazaarvoice by 182.4% during the 4th quarter. Metropolitan Life Insurance Co. NY now owns 7,739 shares of the technology company’s stock valued at $79,000 after acquiring an additional 4,999 shares during the period. BNP Paribas Arbitrage SA grew its position in shares of Bazaarvoice by 963.5% during the 1st quarter. BNP Paribas Arbitrage SA now owns 6,519 shares of the technology company’s stock valued at $94,000 after acquiring an additional 5,906 shares during the period. Metropolitan Life Insurance Co NY grew its position in shares of Bazaarvoice by 36.2% during the 1st quarter. Metropolitan Life Insurance Co NY now owns 10,542 shares of the technology company’s stock valued at $151,000 after acquiring an additional 2,803 shares during the period. MetLife Investment Advisors LLC grew its position in shares of Bazaarvoice by 56.1% during the 1st quarter. MetLife Investment Advisors LLC now owns 13,796 shares of the technology company’s stock valued at $199,000 after acquiring an additional 4,960 shares during the period. Finally, We Are One Seven LLC bought a new stake in shares of Bazaarvoice during the 1st quarter valued at $235,000. Institutional investors and hedge funds own 78.35% of the company’s stock.

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.

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Analyst Recommendations for Bazaarvoice (NASDAQ:BV)

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