Rhumbline Advisers Purchases 5,160 Shares of Bazaarvoice, Inc. (BV)
Rhumbline Advisers raised its position in shares of Bazaarvoice, Inc. (NASDAQ:BV) by 5.7% in the second quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm owned 95,972 shares of the technology company’s stock after purchasing an additional 5,160 shares during the quarter. Rhumbline Advisers owned 0.12% of Bazaarvoice worth $475,000 as of its most recent SEC filing.
Several other institutional investors have also recently added to or reduced their stakes in BV. Karp Capital Management Corp bought a new position in shares of Bazaarvoice during the 1st quarter valued at approximately $155,000. KCG Holdings Inc. bought a new position in shares of Bazaarvoice during the 1st quarter valued at approximately $157,000. Bank of America Corp DE grew its stake in shares of Bazaarvoice by 3.2% during the 1st quarter. Bank of America Corp DE now owns 47,293 shares of the technology company’s stock valued at $203,000 after acquiring an additional 1,469 shares during the period. Aperio Group LLC grew its stake in shares of Bazaarvoice by 35.4% during the 2nd quarter. Aperio Group LLC now owns 48,723 shares of the technology company’s stock valued at $241,000 after acquiring an additional 12,733 shares during the period. Finally, American International Group Inc. grew its stake in shares of Bazaarvoice by 7.1% during the 1st quarter. American International Group Inc. now owns 50,580 shares of the technology company’s stock valued at $217,000 after acquiring an additional 3,358 shares during the period. Institutional investors and hedge funds own 75.67% of the company’s stock.
A number of research analysts recently issued reports on the company. B. Riley reiterated a “buy” rating and set a $5.75 price objective on shares of Bazaarvoice in a research note on Monday, June 12th. BidaskClub raised Bazaarvoice from a “sell” rating to a “hold” rating in a report on Wednesday, September 6th. Northland Securities set a $7.00 price target on Bazaarvoice and gave the stock a “buy” rating in a report on Monday, August 28th. Credit Suisse Group boosted their price target on Bazaarvoice from $6.00 to $7.00 and gave the stock an “outperform” rating in a report on Friday, September 8th. Finally, Zacks Investment Research raised Bazaarvoice from a “hold” rating to a “buy” rating and set a $5.75 price target on the stock in a report on Thursday, September 14th. One equities research analyst has rated the stock with a sell rating, one has issued a hold rating and six have assigned a buy rating to the company’s stock. The company presently has a consensus rating of “Buy” and a consensus target price of $6.46.
Shares of Bazaarvoice, Inc. (NASDAQ:BV) opened at 5.00 on Thursday. Bazaarvoice, Inc. has a one year low of $3.80 and a one year high of $6.14. The stock’s 50 day moving average price is $4.80 and its 200 day moving average price is $4.66. The stock’s market capitalization is $423.32 million.
Bazaarvoice (NASDAQ:BV) last released its earnings results on Thursday, September 7th. The technology company reported ($0.02) earnings per share for the quarter, beating the consensus estimate of ($0.06) by $0.04. The business had revenue of $52.20 million for the quarter, compared to the consensus estimate of $49.83 million. Bazaarvoice had a negative return on equity of 6.88% and a negative net margin of 6.47%. The company’s revenue for the quarter was up 4.2% on a year-over-year basis. Equities research analysts predict that Bazaarvoice, Inc. will post $0.08 EPS for the current fiscal year.
Bazaarvoice Company Profile
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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