NEW YORK (TheStreet) -- Bazaarvoice (BV) shares are up 6.4% to $7.97 in early market trading on Wednesday after the company released its second quarter earnings results after the closing bell yesterday, beating analysts earnings and revenue expectations.
The data analytics software manufacturer reported a second quarter net loss of 5 cents per diluted share on an adjusted basis, narrower than the 8 cents per share loss analysts were expecting. The company also generated $47.3 million in revenue which beat analysts' $46.7 million expectations.
Analysts at Morgan Stanley maintained their "equal weight" rating on the company's stock in response to the earnings results while also announcing a $9 price target on the company's shares.
TheStreet Ratings team rates BAZAARVOICE INC as a Sell with a ratings score of D. TheStreet Ratings Team has this to say about their recommendation:
"We rate BAZAARVOICE INC (BV) a SELL. This is driven by several weaknesses, which we believe should have a greater impact than any strengths, and could make it more difficult for investors to achieve positive results compared to most of the stocks we cover. Among the areas we feel are negative, one of the most important has been a generally disappointing historical performance in the stock itself."
Highlights from the analysis by TheStreet Ratings Team goes as follows: