Bazaarvoice Inc (BV) Receives $21.10 Average PT from Analysts
Bazaarvoice Inc (NASDAQ:BV) has earned a consensus recommendation of “Hold” from the sixteen brokerages that are presently covering the firm, MarketBeat Ratings reports. Two equities research analysts have rated the stock with a sell recommendation, five have issued a hold recommendation and nine have assigned a buy recommendation to the company. The average twelve-month target price among brokers that have issued a report on the stock in the last year is $21.10.
Several research analysts have weighed in on BV shares. JPMorgan Chase & Co. lowered their price objective on Bazaarvoice from $28.00 to $27.00 and set an “overweight” rating on the stock in a research report on Friday, August 10th. Goldman Sachs Group started coverage on Bazaarvoice in a research report on Monday, July 23rd. They set a “buy” rating and a $26.00 price objective on the stock. Robert W. Baird reiterated a “buy” rating and set a $22.00 price objective on shares of Bazaarvoice in a research report on Friday, August 10th. Credit Suisse Group lowered their price objective on Bazaarvoice from $24.00 to $22.00 and set a “neutral” rating on the stock in a research report on Friday, August 10th. Finally, William Blair started coverage on Bazaarvoice in a research report on Monday, July 23rd. They set an “outperform” rating on the stock.
BV traded down $0.11 during trading hours on Tuesday, reaching $18.38. The company’s stock had a trading volume of 490,200 shares, compared to its average volume of 599,409. Bazaarvoice has a 52 week low of $16.29 and a 52 week high of $23.42.
Several hedge funds and other institutional investors have recently modified their holdings of BV. Putnam Investments LLC bought a new position in shares of Bazaarvoice in the second quarter worth $2,845,000. Fred Alger Management Inc. acquired a new stake in Bazaarvoice in the second quarter valued at about $4,413,000. Finally, Peregrine Capital Management LLC acquired a new stake in Bazaarvoice in the second quarter valued at about $7,239,000. Institutional investors own 78.35% of the company’s stock.
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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