Brightcove Inc. (BCOV) Hits New 52-Week High at $11.68
Shares of 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 trading hands. The stock had previously closed at $11.28.
Several analysts recently commented on the stock. Zacks Investment Research lowered shares of Brightcove from a “buy” rating to a “hold” rating in a research note on Tuesday. B. Riley reissued a “buy” rating and set a $11.00 target price on shares of Brightcove in a research note on Wednesday, August 3rd. Dougherty & Co increased their target price on shares of Brightcove from $10.50 to $13.00 and gave the company a “buy” rating in a research note on Friday, July 29th. Finally, Noble Financial assumed coverage on shares of Brightcove in a research note on Friday, June 24th. They set a “buy” rating for the company. Two equities research analysts have rated the stock with a hold rating and four have issued a buy rating to the stock. The stock presently has an average rating of “Buy” and an average price target of $10.30.
The stock’s 50 day moving average price is $9.67 and its 200-day moving average price is $7.04. The stock’s market cap is $396.82 million.
Brightcove (NASDAQ:BCOV) last issued its earnings results on Thursday, July 28th. The company reported ($0.01) earnings per share (EPS) for the quarter, meeting the consensus estimate of ($0.01). During the same period last year, the business posted ($0.04) EPS. The business earned $36.96 million during the quarter, compared to the consensus estimate of $36.07 million. The firm’s revenue for the quarter was up 12.5% compared to the same quarter last year. Equities research analysts forecast that Brightcove Inc. will post $0.08 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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