Brightcove Inc. (BCOV) Reaches New 52-Week High at $9.84
Shares of Brightcove Inc. (NASDAQ:BCOV) reached a new 52-week high on Wednesday . The stock traded as high as $9.84 and last traded at $9.67, with a volume of 85,572 shares traded. The stock had previously closed at $9.74.
Several research firms have weighed in on BCOV. Zacks Investment Research raised shares of Brightcove from a “hold” rating to a “buy” rating and set a $9.50 price target for the company in a research note on Tuesday, June 28th. Noble Financial assumed coverage on shares of Brightcove in a research report on Friday, June 24th. They issued a “buy” rating on the stock. Dougherty & Co upgraded shares of Brightcove from a “neutral” rating to a “buy” rating and set a $10.50 price objective on the stock in a research report on Thursday, June 16th. B. Riley restated a “buy” rating and issued a $10.60 price objective on shares of Brightcove in a research report on Monday, June 13th. Finally, Ladenburg Thalmann assumed coverage on shares of Brightcove in a research report on Tuesday, March 22nd. They issued a “buy” rating and a $10.00 price objective on the stock. One investment analyst has rated the stock with a hold rating and six have given a buy rating to the company’s stock. The company currently has a consensus rating of “Buy” and an average price target of $9.93.
The stock’s 50-day moving average is $7.87 and its 200 day moving average is $6.42. The company’s market cap is $317.51 million.
Brightcove (NASDAQ:BCOV) last released its quarterly earnings data on Thursday, April 28th. The company reported $0.02 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $0.01 by $0.01. The business had revenue of $36.29 million for the quarter, compared to the consensus estimate of $35.05 million. Brightcove’s revenue for the quarter was up 10.3% compared to the same quarter last year. During the same quarter last year, the business earned ($0.02) EPS. On average, equities analysts forecast that Brightcove Inc. will post $0.06 EPS for the current fiscal year.
Brightcove Inc is a provider of cloud-based services for video. The Company’s flagship product is Brightcove Video Cloud (Video Cloud), an online video platform. Its other products include Brightcove Zencoder (Zencoder), Brightcove Once (Once), Brightcove Gallery (Gallery), Brightcove Perform (Perform), Brightcove Video Marketing Suite (Video Marketing Suite) and Brightcove Lift (Lift).
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