Bazaarvoice (BV) Lowered to Hold at Zacks Investment Research

Zacks Investment Research cut shares of Bazaarvoice (NASDAQ:BV) from a buy rating to a hold rating in a research note published on Tuesday.

According to Zacks, “BrightView Holdings, Inc. is a provider of commercial landscaping services primarily in the United States. It provides services from landscape maintenance and enhancements to tree care and landscape development for corporate and commercial properties, HOAs, public parks, hotels and resorts, hospitals and other healthcare facilities, educational institutions, restaurants and retail and golf courses. BrightView Holdings, Inc. is based in PA, United States. “

Several other analysts have also issued reports on the company. JPMorgan Chase & Co. cut their price objective on Bazaarvoice from $28.00 to $27.00 and set an overweight rating for the company in a report on Friday, August 10th. Goldman Sachs Group started coverage on Bazaarvoice in a report on Monday, July 23rd. They set a buy rating and a $26.00 price objective for the company. Robert W. Baird reiterated a buy rating and set a $22.00 price objective on shares of Bazaarvoice in a report on Friday, August 10th. Credit Suisse Group lowered their target price on shares of 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 began coverage on shares of Bazaarvoice in a research report on Monday, July 23rd. They set an outperform rating on the stock. Two equities research analysts have rated the stock with a sell rating, five have issued a hold rating and nine have issued a buy rating to the stock. The stock presently has a consensus rating of Hold and an average target price of $19.75.

Shares of NASDAQ:BV traded up $0.17 during midday trading on Tuesday, hitting $14.21. 427,012 shares of the stock were exchanged, compared to its average volume of 618,512. Bazaarvoice has a 52-week low of $13.69 and a 52-week high of $23.42.

Bazaarvoice (NASDAQ:BV) last announced its quarterly earnings data on Wednesday, August 8th. The technology company reported $0.33 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $0.23 by $0.10. Bazaarvoice had a negative return on equity of 0.12% and a negative net margin of 0.10%. The business had revenue of $630.33 million during the quarter, compared to analyst estimates of $634.53 million. Analysts anticipate that Bazaarvoice will post -0.08 earnings per share for the current year.

A number of institutional investors have recently bought and sold shares of BV. Putnam Investments LLC acquired a new position in Bazaarvoice during the second quarter worth $2,845,000. Fred Alger Management Inc. acquired a new stake in shares of Bazaarvoice in the second quarter valued at about $4,413,000. Finally, Peregrine Capital Management LLC acquired a new stake in shares of Bazaarvoice in the second quarter valued at about $7,239,000. 78.35% of the stock is currently owned by hedge funds and other institutional investors.

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.

Further Reading: Fundamental Analysis and Individual Investors

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