Bazaarvoice Inc (BV) Given Average Recommendation of “Hold” by Brokerages

Bazaarvoice Inc (NASDAQ:BV) has been given a consensus recommendation of “Hold” by the seven ratings firms that are covering the company, Marketbeat.com reports. Two investment analysts have rated the stock with a sell recommendation and five have issued a hold recommendation on the company. The average 1-year target price among brokerages that have covered the stock in the last year is $5.50.

Several analysts have recently commented on the stock. BidaskClub lowered shares of Bazaarvoice from a “sell” rating to a “strong sell” rating in a research report on Friday, January 26th. ValuEngine lowered shares of Bazaarvoice from a “hold” rating to a “sell” rating in a research report on Saturday, January 13th. Finally, Zacks Investment Research lowered shares of Bazaarvoice from a “buy” rating to a “hold” rating in a research report on Tuesday, January 30th.

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A number of hedge funds and other institutional investors have recently made changes to their positions in BV. Russell Investments Group Ltd. raised its position in Bazaarvoice by 12.6% in the third quarter. Russell Investments Group Ltd. now owns 1,239,036 shares of the technology company’s stock valued at $6,132,000 after purchasing an additional 138,541 shares during the period. SG Americas Securities LLC raised its position in Bazaarvoice by 109.1% in the third quarter. SG Americas Securities LLC now owns 21,021 shares of the technology company’s stock valued at $104,000 after purchasing an additional 10,967 shares during the period. Macquarie Group Ltd. purchased a new stake in shares of Bazaarvoice during the third quarter worth $441,000. Wells Fargo & Company MN increased its position in shares of Bazaarvoice by 54.6% during the third quarter. Wells Fargo & Company MN now owns 96,303 shares of the technology company’s stock worth $477,000 after acquiring an additional 34,006 shares during the period. Finally, Schwab Charles Investment Management Inc. increased its position in shares of Bazaarvoice by 5.5% during the third quarter. Schwab Charles Investment Management Inc. now owns 355,154 shares of the technology company’s stock worth $1,759,000 after acquiring an additional 18,558 shares during the period. 78.35% of the stock is currently owned by institutional investors.

BV stock opened at $5.50 on Friday. Bazaarvoice has a one year low of $3.80 and a one year high of $5.50.

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About Bazaarvoice

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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