Brightcove Inc. (BCOV) Reaches New 12-Month High at $9.84
Shares of Brightcove Inc. (NASDAQ:BCOV) hit a new 52-week high during trading on Wednesday . The company 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.
A number of brokerages have recently commented on BCOV. Noble Financial began coverage on Brightcove in a research report on Friday, June 24th. They issued a “buy” rating on the stock. B. Riley reissued a “buy” rating and issued a $10.60 price target on shares of Brightcove in a research report on Monday, June 13th. Dougherty & Co raised Brightcove from a “neutral” rating to a “buy” rating and set a $10.50 price target on the stock in a research report on Thursday, June 16th. Zacks Investment Research raised Brightcove from a “hold” rating to a “buy” rating and set a $9.50 price target on the stock in a research report on Tuesday, June 28th. Finally, Ladenburg Thalmann initiated coverage on shares of Brightcove in a report on Tuesday, March 22nd. They issued a “buy” rating and a $10.00 price objective for the company. One research analyst has rated the stock with a hold rating and six have given a buy rating to the company. Brightcove presently has a consensus rating of “Buy” and a consensus target price of $9.93.
The firm’s 50 day moving average price is $8.06 and its 200 day moving average price is $6.47. The company’s market capitalization is $312.60 million.
Brightcove (NASDAQ:BCOV) last released its earnings results on Thursday, April 28th. The company reported $0.02 EPS for the quarter, topping analysts’ consensus estimates of $0.01 by $0.01. The company had revenue of $36.29 million for the quarter, compared to analysts’ expectations of $35.05 million. The firm’s revenue for the quarter was up 10.3% on a year-over-year basis. During the same period in the prior year, the firm earned ($0.02) EPS. Equities research analysts predict that Brightcove Inc. will post $0.06 earnings per share for the current 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).
Get Analysts' Upgrades and Downgrades Daily - Enter your email address below to receive a concise daily summary of analysts' upgrades, downgrades and new coverage with MarketBeat.com's FREE daily email newsletter.