Pleasant Lake Partners Exits Position in Bazaarvoice Inc (BV)

Bazaarvoice Inc (BV) : Pleasant Lake Partners has sold out all of its stake in Bazaarvoice Inc during the most recent quarter, according to the disclosure filed by the company on Aug 15, 2016 with the SEC. The investment management company has sold out 150,000 shares of Bazaarvoice Inc which is valued at $627,000.

Other Hedge Funds, Including , Arrowstreet Capital Limited Partnership sold out all of its stake in BV during the most recent quarter. The investment firm sold 48,087 shares of BV which is valued $201,004. Stevens Capital Management Lp sold out all of its stake in BV during the most recent quarter. The investment firm sold 10,488 shares of BV which is valued $43,840.Menta Capital reduced its stake in BV by selling 22,510 shares or 65.23% in the most recent quarter. The Hedge Fund company now holds 12,000 shares of BV which is valued at $50,160. Bazaarvoice Inc makes up approx 0.01% of Menta Capital’s portfolio.Spark Investment Management boosted its stake in BV in the latest quarter, The investment management firm added 547,300 additional shares and now holds a total of 1,002,100 shares of Bazaarvoice Inc which is valued at $4,188,778. Bazaarvoice Inc makes up approx 0.36% of Spark Investment Management’s portfolio.Dynamic Technology Lab Private Ltd reduced its stake in BV by selling 38,655 shares or 65.6% in the most recent quarter. The Hedge Fund company now holds 20,268 shares of BV which is valued at $84,720. Bazaarvoice Inc makes up approx 0.02% of Dynamic Technology Lab Private Ltd’s portfolio.

Bazaarvoice Inc opened for trading at $4 and hit $4.07 on the upside on Thursday, eventually ending the session at $4.045, with a gain of 1.13% or 0.045 points. The heightened volatility saw the trading volume jump to 2,41,731 shares. Company has a market cap of $332 M.

On the company’s financial health, Bazaarvoice Inc reported $-0.01 EPS for the quarter, beating the analyst consensus estimate by $ 0.03 according to the earnings call on Jun 2, 2016. Analyst had a consensus of $-0.04. The company had revenue of $50.71 million for the quarter, compared to analysts expectations of $48.87 million. The company’s revenue was up 5.0% compared to the same quarter last year. During the same quarter in the previous year, the company posted $-0.06 EPS.

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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