Brightcove Inc. (NASDAQ:BCOV) reached a new 52-week high during trading on Monday . The stock traded as high as $11.68 and last traded at $11.66, with a volume of 189,235 shares changing hands. The stock had previously closed at $11.28.

Several research firms have commented on BCOV. B. Riley reaffirmed a “buy” rating and issued a $11.00 price target on shares of Brightcove in a report on Wednesday, August 3rd. Zacks Investment Research raised shares of Brightcove from a “hold” rating to a “buy” rating and set a $9.50 target price on the stock in a research note on Tuesday, June 28th. Noble Financial initiated coverage on shares of Brightcove in a research note on Friday, June 24th. They set a “buy” rating on the stock. Finally, Dougherty & Co increased their target price on shares of Brightcove from $10.50 to $13.00 and gave the stock a “buy” rating in a research note on Friday, July 29th. One equities research analyst has rated the stock with a hold rating and five have assigned a buy rating to the stock. Brightcove presently has an average rating of “Buy” and an average target price of $10.30.

The firm has a 50-day moving average of $9.45 and a 200-day moving average of $6.93. The company’s market capitalization is $385.90 million.

Brightcove (NASDAQ:BCOV) last released its quarterly earnings data on Thursday, July 28th. The company reported ($0.01) EPS for the quarter, hitting analysts’ consensus estimates of ($0.01). The company had revenue of $36.96 million for the quarter, compared to analysts’ expectations of $36.07 million. The firm’s quarterly revenue was up 12.5% on a year-over-year basis. During the same period in the prior year, the firm posted ($0.04) EPS. Analysts forecast that Brightcove Inc. will post $0.08 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).

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