Brightcove Inc. (BCOV) Trading 2.3% Higher
Shares of Brightcove Inc. (NASDAQ:BCOV) traded up 2.3% during mid-day trading on Monday . The company traded as high as $9.79 and last traded at $9.79, with a volume of 145,115 shares. The stock had previously closed at $9.57.
A number of analysts have recently issued reports on the stock. Noble Financial assumed coverage on shares of Brightcove in a report on Friday, June 24th. They set a “buy” rating for the company. Zacks Investment Research upgraded shares of Brightcove from a “hold” rating to a “buy” rating and set a $9.50 price target for the company in a report on Tuesday, June 28th. Dougherty & Co upgraded shares of Brightcove from a “neutral” rating to a “buy” rating and set a $10.50 price target for the company in a report on Thursday, June 16th. Finally, B. Riley reaffirmed a “buy” rating and set a $10.60 price objective on shares of Brightcove in a research report on Monday, June 13th. One investment analyst has rated the stock with a hold rating and six have assigned a buy rating to the company. The company currently has a consensus rating of “Buy” and an average target price of $9.93.
The firm has a 50-day moving average price of $8.53 and a 200-day moving average price of $6.61. The company’s market capitalization is $316.53 million.
Brightcove (NASDAQ:BCOV) last released its quarterly earnings data on Thursday, April 28th. The company reported $0.02 earnings per share for the quarter, topping the Zacks’ consensus estimate of $0.01 by $0.01. The firm earned $36.29 million during the quarter, compared to analyst estimates of $35.05 million. During the same period last year, the business earned ($0.02) EPS. The firm’s revenue was up 10.3% on a year-over-year basis. Equities analysts expect that Brightcove Inc. will post $0.06 earnings per share 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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