Panagora Asset Management Inc. bought a new position in Bazaarvoice Inc (NASDAQ:BV) during the 2nd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm bought 16,501 shares of the technology company’s stock, valued at approximately $309,000.
Other hedge funds and other institutional investors have also bought and sold shares of the company. Russell Investments Group Ltd. boosted its position in Bazaarvoice by 660.2% during the 2nd quarter. Russell Investments Group Ltd. now owns 191,119 shares of the technology company’s stock valued at $3,576,000 after acquiring an additional 165,978 shares in the last quarter. Falcon Point Capital LLC bought a new stake in Bazaarvoice during the 2nd quarter valued at approximately $2,330,000. Rhumbline Advisers boosted its position in Bazaarvoice by 18.0% during the 1st quarter. Rhumbline Advisers now owns 37,891 shares of the technology company’s stock valued at $546,000 after acquiring an additional 5,793 shares in the last quarter. We Are One Seven LLC boosted its position in Bazaarvoice by 48.2% during the 2nd quarter. We Are One Seven LLC now owns 24,195 shares of the technology company’s stock valued at $452,000 after acquiring an additional 7,870 shares in the last quarter. Finally, MetLife Investment Advisors LLC boosted its position in 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 in the last quarter. 78.35% of the stock is currently owned by institutional investors.
Several research firms have recently issued reports on BV. Nomura reiterated a “buy” rating and set a $22.00 target price on shares of Bazaarvoice in a report on Thursday, August 8th. JPMorgan Chase & Co. lowered shares of Bazaarvoice from an “overweight” rating to a “neutral” rating and set a $18.00 price objective for the company. in a report on Thursday, July 18th. Zacks Investment Research upgraded shares of Bazaarvoice from a “hold” rating to a “buy” rating and set a $20.00 price objective for the company in a report on Tuesday, July 9th. Finally, Royal Bank of Canada boosted their price objective on shares of Bazaarvoice to $21.00 and gave the stock a “positive” rating in a report on Wednesday, July 3rd. Two research analysts have rated the stock with a hold rating and five have given a buy rating to the stock. The stock has an average rating of “Buy” and a consensus price target of $19.33.
Bazaarvoice (NASDAQ:BV) last announced its quarterly earnings data on Wednesday, August 7th. The technology company reported $0.46 earnings per share for the quarter, missing analysts’ consensus estimates of $0.47 by ($0.01). The company had revenue of $657.20 million for the quarter, compared to the consensus estimate of $668.65 million. The firm’s revenue was up 4.3% compared to the same quarter last year. During the same period in the prior year, the firm posted $0.47 EPS.
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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