MetLife Investment Advisors LLC lessened its position in shares of Bazaarvoice Inc (NASDAQ:BV) by 67.3% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 8,836 shares of the technology company’s stock after selling 18,204 shares during the quarter. MetLife Investment Advisors LLC’s holdings in Bazaarvoice were worth $90,000 as of its most recent filing with the Securities and Exchange Commission.
Other large investors have also recently made changes to their positions in the company. First Mercantile Trust Co. bought a new position in Bazaarvoice in the 4th quarter valued at $25,000. Rhumbline Advisers raised its position in Bazaarvoice by 54.0% in the 4th quarter. Rhumbline Advisers now owns 32,098 shares of the technology company’s stock valued at $328,000 after purchasing an additional 11,251 shares during the last quarter. Bank of New York Mellon Corp raised its position in Bazaarvoice by 26.0% in the 4th quarter. Bank of New York Mellon Corp now owns 83,180 shares of the technology company’s stock valued at $850,000 after purchasing an additional 17,189 shares during the last quarter. River Road Asset Management LLC bought a new position in Bazaarvoice in the 4th quarter valued at $263,000. Finally, New York State Common Retirement Fund bought a new position in Bazaarvoice in the 4th quarter valued at $282,000. 78.35% of the stock is currently owned by institutional investors.
Shares of Bazaarvoice stock traded down $0.11 during trading on Wednesday, reaching $16.95. 109,477 shares of the company were exchanged, compared to its average volume of 365,137. Bazaarvoice Inc has a twelve month low of $9.05 and a twelve month high of $23.42.
Bazaarvoice (NASDAQ:BV) last announced its quarterly earnings data on Wednesday, May 8th. The technology company reported $0.15 EPS for the quarter, topping analysts’ consensus estimates of $0.09 by $0.06. The company had revenue of $596.60 million for the quarter, compared to analyst estimates of $597.88 million. The firm’s revenue was up 1.1% compared to the same quarter last year.
Several equities analysts have issued reports on BV shares. Nomura cut their price objective on Bazaarvoice from $25.00 to $22.00 and set a “buy” rating for the company in a research report on Tuesday, February 12th. Berenberg Bank initiated coverage on Bazaarvoice in a research report on Wednesday, February 13th. They issued a “buy” rating and a $20.00 price objective for the company. Zacks Investment Research upgraded Bazaarvoice from a “sell” rating to a “hold” rating in a research report on Wednesday, April 10th. Finally, Credit Suisse Group restated a “neutral” rating on shares of Bazaarvoice in a research report on Friday, May 3rd. Two investment analysts have rated the stock with a hold rating and ten have assigned a buy rating to the company’s stock. The stock currently has an average rating of “Buy” and an average price target of $21.60.
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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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