Empire Capital Management L.l.c. buys $3 Million stake in Bazaarvoice Inc (BV)

Bazaarvoice Inc (BV) : Empire Capital Management L.l.c. scooped up 405,000 additional shares in Bazaarvoice Inc during the most recent quarter end , the firm said in a disclosure report filed with the SEC on May 13, 2016. The investment management firm now holds a total of 895,000 shares of Bazaarvoice Inc which is valued at $3 Million.Bazaarvoice Inc makes up approximately 48.85% of Empire Capital Management L.l.c.’s portfolio.

Other Hedge Funds, Including , Connor Clark Lunn Investment Management Ltd. boosted its stake in BV in the latest quarter, The investment management firm added 3,300 additional shares and now holds a total of 80,049 shares of Bazaarvoice Inc which is valued at $270,566.Manufacturers Life Insurance Company The boosted its stake in BV in the latest quarter, The investment management firm added 1,479 additional shares and now holds a total of 44,279 shares of Bazaarvoice Inc which is valued at $149,663.Blackrock Fund Advisors reduced its stake in BV by selling 74,328 shares or 4.6% in the most recent quarter. The Hedge Fund company now holds 1,542,804 shares of BV which is valued at $5.2 Million. Secor Capital Advisors Lp added BV to its portfolio by purchasing 13,025 company shares during the most recent quarter which is valued at $44,025. Bazaarvoice Inc makes up approx 0.01% of Secor Capital Advisors Lp’s portfolio.

Bazaarvoice Inc opened for trading at $3.71 and hit $3.74 on the upside on Wednesday, eventually ending the session at $3.69, with a gain of 0.27% or 0.01 points. The heightened volatility saw the trading volume jump to 3,48,321 shares. Company has a market cap of $301 M.

On the company’s financial health, Bazaarvoice Inc reported $0.02 EPS for the quarter, beating the analyst consensus estimate by $ 0.05 according to the earnings call on Mar 1, 2016. Analyst had a consensus of $-0.03. The company had revenue of $50.26 million for the quarter, compared to analysts expectations of $49.87 million. The company’s revenue was up 1.4% compared to the same quarter last year.

Many Wall Street Analysts have commented on Bazaarvoice Inc. Shares were Reiterated by Needham on Mar 2, 2016 to “Buy” and Lowered the Price Target to $ 7 from a previous price target of $9 .

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. The Company’s 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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