Hedge Funds Are Crazy About Bazaarvoice Inc (BV)

Now, key money managers have been driving this bullishness. Shannon River Fund Management created the most valuable position in Bazaarvoice Inc (NASDAQ:BV). Shannon River Fund Management had $11.8 million invested in the company at the end of the quarter. Josh Goldberg’s G2 Investment Partners Management also made a $3.7 million investment in the stock during the quarter. The other funds with new positions in the stock are George McCabe’s Portolan Capital Management, Josh Goldberg’s G2 Investment Partners Management, and Glenn Russell Dubin’s Highbridge Capital Management.

Let’s now take a look at hedge fund activity in other stocks similar to Bazaarvoice Inc (NASDAQ:BV). We will take a look at Covenant Transportation Group, Inc. (NASDAQ:CVTI), TG Therapeutics Inc (NASDAQ:TGTX), Trevena Inc (NASDAQ:TRVN), and Vivint Solar Inc (NYSE:VSLR). This group of stocks’ market caps are similar to BV’s market cap.

As you can see these stocks had an average of 6.75 hedge funds with bullish positions and the average amount invested in these stocks was $40 million. That figure was $146 million in BV’s case. Trevena Inc (NASDAQ:TRVN) is the most popular stock in this table. On the other hand Vivint Solar Inc (NYSE:VSLR) is the least popular one with only 4 bullish hedge fund positions. Compared to these stocks Bazaarvoice Inc (NASDAQ:BV) is more popular among hedge funds. Considering that hedge funds are fond of this stock in relation to its market cap peers and growing fonder by the quarter, it may be a good idea to analyze it in detail and potentially include it in your portfolio.

Disclosure: None