Brightcove Inc. (BCOV) Reaches New 52-Week High at $12.19
Shares of Brightcove Inc. (NASDAQ:BCOV) hit a new 52-week high during trading on Monday . The company traded as high as $12.19 and last traded at $12.10, with a volume of 221,923 shares trading hands. The stock had previously closed at $11.95.
A number of brokerages have commented on BCOV. B. Riley reiterated a “buy” rating and issued a $10.60 price target on shares of Brightcove in a research note on Monday, June 13th. 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 research note on Thursday, June 16th. Zacks Investment Research cut shares of Brightcove from a “buy” rating to a “hold” rating in a research note on Tuesday, August 9th. Finally, Noble Financial began coverage on shares of Brightcove in a research note on Friday, June 24th. They issued a “buy” rating for the company. One investment analyst has rated the stock with a hold rating and five have assigned a buy rating to the company’s stock. The company currently has an average rating of “Buy” and a consensus price target of $11.00.
The company’s market capitalization is $396.82 million. The stock has a 50 day moving average price of $10.16 and a 200-day moving average price of $7.27.
Brightcove (NASDAQ:BCOV) last released its earnings results on Thursday, July 28th. The company reported ($0.01) earnings per share (EPS) for the quarter, meeting the Zacks’ consensus estimate of ($0.01). The company had revenue of $36.96 million for the quarter, compared to analyst estimates of $36.07 million. During the same quarter in the previous year, the firm earned ($0.04) EPS. The firm’s revenue was up 12.5% on a year-over-year basis. On average, equities 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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