Bazaarvoice, Inc. (BV) Holdings Cut by Royal Bank of Canada
Royal Bank of Canada decreased its holdings in shares of Bazaarvoice, Inc. (NASDAQ:BV) by 8.8% during the 2nd quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm owned 67,172 shares of the technology company’s stock after selling 6,449 shares during the period. Royal Bank of Canada owned approximately 0.09% of Bazaarvoice worth $333,000 at the end of the most recent reporting period.
A number of other hedge funds and other institutional investors have also added to or reduced their stakes in the business. Delta Lloyd Asset Management N.V. acquired a new stake in shares of Bazaarvoice in the 2nd quarter worth approximately $1,302,000. Schwab Charles Investment Management Inc. grew its holdings in shares of Bazaarvoice by 26.1% in the 1st quarter. Schwab Charles Investment Management Inc. now owns 334,582 shares of the technology company’s stock worth $1,439,000 after acquiring an additional 69,354 shares during the period. Renaissance Technologies LLC grew 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 acquiring an additional 267,500 shares during the period. Parametric Portfolio Associates LLC grew its holdings in shares of Bazaarvoice by 6.5% in the 1st quarter. Parametric Portfolio Associates LLC now owns 204,077 shares of the technology company’s stock worth $878,000 after acquiring an additional 12,406 shares during the period. Finally, Formula Growth Ltd. grew its holdings in shares of Bazaarvoice by 7.3% in the 2nd quarter. Formula Growth Ltd. now owns 750,000 shares of the technology company’s stock worth $3,713,000 after acquiring an additional 50,800 shares during the period. Institutional investors own 75.38% of the company’s stock.
Shares of Bazaarvoice, Inc. (BV) opened at $4.75 on Friday. Bazaarvoice, Inc. has a fifty-two week low of $3.80 and a fifty-two week high of $5.40.
Bazaarvoice (NASDAQ:BV) last announced its earnings results on Thursday, September 7th. The technology company reported ($0.02) EPS for the quarter, beating analysts’ consensus estimates of ($0.06) by $0.04. The firm had revenue of $52.20 million for the quarter, compared to analysts’ expectations of $49.83 million. Bazaarvoice had a negative return on equity of 6.88% and a negative net margin of 6.47%. The business’s revenue for the quarter was up 4.2% on a year-over-year basis. analysts expect that Bazaarvoice, Inc. will post -0.13 EPS for the current year.
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A number of equities research analysts recently weighed in on BV shares. Northland Securities set a $7.00 price target on Bazaarvoice and gave the stock a “buy” rating in a report on Saturday, July 22nd. BidaskClub cut Bazaarvoice from a “hold” rating to a “sell” rating in a report on Wednesday, August 2nd. Zacks Investment Research cut Bazaarvoice from a “buy” rating to a “hold” rating in a report on Tuesday, August 8th. ValuEngine cut Bazaarvoice from a “hold” rating to a “sell” rating in a report on Friday, September 1st. Finally, B. Riley restated a “buy” rating and issued a $5.75 price target on shares of Bazaarvoice in a report on Tuesday, September 5th. Two analysts have rated the stock with a sell rating, one has issued a hold rating and five have issued a buy rating to the company’s stock. The company has a consensus rating of “Hold” and a consensus target price of $6.46.
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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