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To: The Ox who wrote (1316)12/10/2012 1:22:12 PM
From: The Ox   of 8285
 
BV - Bazaarvoice - IPO'd early this year. Putting on watch list for 2013.

DB has a $25 target....here's what they said recently:

Yesterday Bazaarvoice (NASDAQ: BV) reported fiscal Q2 2013 results that were in line with estimates during a pre-announced report. In response to the results, Deutsche Bank reiterated a Buy rating and trimmed its price target to $25.00 (from $28.00).

"BV added 33 net new customers during the quarter vs. a pre-PowerReviews average of 73. And computed billings growth slowed to 27% vs. recent four-quarter average of 55%. While these headline numbers look weak, we note that some of the 38 customers lost were likely deliberate, lower-ASP attrition post the PowerReviews acquisition," said analyst Tom Ernst Jr.

Ernst said the mix of pre-payments was also impacted by a greater share of older customers who don’t pay in advance, as the company focused on cross-sell opportunities.

"We see these as challenges typical of rapid growth, which the company should be able to remedy in the quarters ahead, since the market opportunity remains vast," said Ernst.

For an analyst ratings summary and ratings history on Bazaarvoice click here. For more ratings news on Bazaarvoice click here.

Shares of Bazaarvoice closed at $10.44 yesterday, with a 52 week range of $9.86-$21.10.


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