Zacks Investment Research upgraded shares of Bazaarvoice Inc. (NASDAQ:BV) from a hold rating to a buy rating in a research report released on Thursday morning. Zacks Investment Research currently has $6.25 price objective on the stock.
According to Zacks, “Bazaarvoice, Inc. provides social commerce solutions through Bazaarvoice, a Software-as-a-Service platform that enable clients to capture, display, and analyze online word of mouth. It serves clients in the retail, consumer products, travel and leisure, technology, telecommunications, financial services, healthcare, and automotive industries. Bazaarvoice offers its products particularly in the United States, Europe, Singapore, and Australia. The Company’s software builds online communities for the brand names of clients. Bazaarvoice, Inc. is headquartered in Austin, Texas. “
A number of other research analysts have also recently issued reports on BV. TheStreet raised Bazaarvoice from a sell rating to a hold rating in a report on Wednesday, September 7th. B. Riley reaffirmed a buy rating and issued a $8.00 price target on shares of Bazaarvoice in a report on Monday, September 12th. Credit Suisse Group AG reaffirmed a buy rating on shares of Bazaarvoice in a report on Saturday, June 4th. Deutsche Bank AG reaffirmed a hold rating on shares of Bazaarvoice in a report on Saturday, June 4th. Finally, Morgan Stanley reaffirmed a hold rating on shares of Bazaarvoice in a report on Friday, June 10th. Three analysts have rated the stock with a hold rating and five have issued a buy rating to the company’s stock. The company currently has an average rating of Buy and an average price target of $6.38.
Bazaarvoice (NASDAQ:BV) traded up 1.298% during mid-day trading on Thursday, hitting $5.855. 228,108 shares of the company were exchanged. Bazaarvoice has a 12-month low of $2.82 and a 12-month high of $5.91. The company’s market cap is $481.36 million. The stock’s 50 day moving average is $4.55 and its 200-day moving average is $3.88.
Several hedge funds have recently made changes to their positions in BV. Bank of New York Mellon Corp boosted its stake in shares of Bazaarvoice by 19.3% in the second quarter. Bank of New York Mellon Corp now owns 254,956 shares of the company’s stock worth $1,022,000 after buying an additional 41,291 shares during the period. Bank of Montreal Can acquired a new position in shares of Bazaarvoice during the second quarter valued at about $155,000. Acadian Asset Management LLC acquired a new position in shares of Bazaarvoice during the second quarter valued at about $151,000. Edge Wealth Management LLC acquired a new position in shares of Bazaarvoice during the second quarter valued at about $329,000. Finally, Okumus Fund Management Ltd. raised its position in shares of Bazaarvoice by 41.6% in the first quarter. Okumus Fund Management Ltd. now owns 2,808,955 shares of the company’s stock valued at $8,848,000 after buying an additional 824,972 shares in the last quarter. 75.44% of the stock is owned by institutional investors.
Bazaarvoice, Inc is a network that connects brands and retailers to the authentic voices of people where they shop. The Company’s technology platform collects and displays ratings and reviews, questions and answers and stories from customers along with visual commerce capabilities that collectively amplify the voices of the consumers into the shopping.
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