Analyst Price Target Update on Bazaarvoice (NASDAQ:BV)

Bazaarvoice (NASDAQ:BV): 4 Analyst have given the stock of Bazaarvoice (NASDAQ:BV) a near short term price target of $6.75. The standard deviation reading, which is a measure by which the stock price is expected to swing away from the mean estimate, is at $0.96. The higher price target estimate is at $8 while the lower price estimates are fixed at $6.

Many analysts have stated their opinion on the company shares. Equity Analysts at the Brokerage Firm, Credit Suisse, maintains their rating on the shares of Bazaarvoice (NASDAQ:BV). Credit Suisse has a Outperform rating on the shares. As per the latest research report, the brokerage house lowers the price target to $5 per share from a prior target of $9. The rating by the firm was issued on March 2, 2016. For the current week, the company shares have a recommendation consensus of Buy.

On the companys insider trading activities, According to the information disclosed by the Securities and Exchange Commission in a Form 4 filing, the officer (Chief Revenue Officer) of Bazaarvoice Inc, Ritzcovan Elizabeth, had purchased 250 shares in a transaction dated on April 12, 2016. The transaction was executed at $3.13 per share with total amount equaling $783.

Bazaarvoice (NASDAQ:BV) stock ended Monday session in the red zone in a volatile trading. The stock closed down 0.26 points or 6.75% at $3.59 with 1,876,737 shares getting traded. Post opening the session at $3.82, the shares hit an intraday low of $3.581 and an intraday high of $3.84 and the price was in this range throughout the day. The company has a market cap of $292 million and the number of outstanding shares have been calculated to be 81,473,833 shares. The 52-week high of Bazaarvoice (NASDAQ:BV) is $6.56 and the 52-week low is $2.82.

Bazaarvoice, Inc. is a network that connects brands and retailers to the authentic voices of people where they shop. The Companys 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. The Companys platforms and solutions include Bazaarvoice Conversations Platform, which provides capabilities to capture, manage and display online consumer-generated content; Bazaarvoice Connections Solutions, which offers network syndication and brand engagement solutions; Bazaarvoice Local, which helps clients gather and promote reviews of local service affiliates; Bazaarvoice Curations, which pulls in content from across a range of social platforms, including Instagram, Facebook and Twitter, and Bazaarvoice Media, which sells advertising on behalf of retailers thereby helping brands and agencies market to shopper audiences.

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