Brightcove Inc. (BCOV) Trading 2.3% Higher
Brightcove Inc. (NASDAQ:BCOV)’s share price traded up 2.3% during mid-day trading on Monday . The stock 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.
Several equities analysts have issued reports on the stock. Noble Financial assumed coverage on shares of Brightcove in a report on Friday, June 24th. They issued a “buy” rating on the stock. B. Riley reaffirmed a “buy” rating and issued a $10.60 price target on shares of Brightcove in a report on Monday, June 13th. Dougherty & Co raised shares of Brightcove from a “neutral” rating to a “buy” rating and set a $10.50 price target on the stock in a report on Thursday, June 16th. Finally, Zacks Investment Research raised shares of Brightcove from a “hold” rating to a “buy” rating and set a $9.50 price target on the stock in a report on Tuesday, June 28th. One research analyst has rated the stock with a hold rating and six have issued a buy rating to the company. Brightcove has an average rating of “Buy” and a consensus price target of $9.93.
The company’s market capitalization is $316.20 million. The company has a 50 day moving average of $8.69 and a 200-day moving average of $6.67.
Brightcove (NASDAQ:BCOV) last issued its quarterly earnings data on Thursday, April 28th. The company reported $0.02 EPS for the quarter, topping the consensus estimate of $0.01 by $0.01. During the same quarter in the prior year, the company posted ($0.02) earnings per share. The company earned $36.29 million during the quarter, compared to analyst estimates of $35.05 million. The business’s revenue was up 10.3% compared to the same quarter last year. Analysts predict 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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