Bazaarvoice Inc. (NASDAQ:BV) was upgraded by equities research analysts at TheStreet from a “sell” rating to a “hold” rating in a research report issued to clients and investors on Wednesday.
Other analysts also recently issued research reports about the stock. B. Riley restated a “buy” rating and set a $8.00 price objective on shares of Bazaarvoice in a research report on Monday, June 6th. Credit Suisse Group AG restated a “buy” rating on shares of Bazaarvoice in a research report on Saturday, June 4th. Deutsche Bank AG restated a “hold” rating on shares of Bazaarvoice in a research report on Saturday, June 4th. Zacks Investment Research upgraded shares of Bazaarvoice from a “hold” rating to a “buy” rating and set a $4.75 price objective for the company in a research report on Tuesday, August 2nd. Finally, Morgan Stanley reiterated a “hold” rating on shares of Bazaarvoice in a research report on Friday, June 10th. Four investment analysts have rated the stock with a hold rating and four have given a buy rating to the company’s stock. The company currently has an average rating of “Buy” and an average target price of $6.13.
Shares of Bazaarvoice (NASDAQ:BV) traded up 10.19% during mid-day trading on Wednesday, hitting $4.76. 1,707,620 shares of the stock traded hands. Bazaarvoice has a 12 month low of $2.82 and a 12 month high of $5.38. The company’s market cap is $367.01 million. The firm has a 50 day moving average of $4.15 and a 200 day moving average of $3.68.
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A number of institutional investors have recently made changes to their positions in the company. Menta Capital LLC purchased a new position in shares of Bazaarvoice during the first quarter worth approximately $109,000. Metropolitan Life Insurance Co. NY increased its position in shares of Bazaarvoice by 0.8% in the first quarter. Metropolitan Life Insurance Co. NY now owns 40,117 shares of the company’s stock worth $126,000 after buying an additional 326 shares during the last quarter. Acadian Asset Management LLC purchased a new position in shares of Bazaarvoice during the second quarter worth approximately $151,000. Bank of Montreal Can purchased a new position in shares of Bazaarvoice during the second quarter worth approximately $155,000. Finally, Edge Wealth Management LLC purchased a new position in shares of Bazaarvoice during the second quarter worth approximately $329,000. Institutional investors own 75.70% of the company’s stock.
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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