Brightcove Inc. (BCOV) Trading Down 2%
Brightcove Inc. (NASDAQ:BCOV)’s share price dropped 2% during mid-day trading on Thursday . The stock traded as low as $11.70 and last traded at $11.74, with a volume of 146,310 shares changing hands. The stock had previously closed at $11.98.
Several research firms have recently weighed in on BCOV. B. Riley reissued a “buy” rating and issued a $9.40 price target on shares of Brightcove in a research note on Friday, April 29th. 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 research note on Thursday, June 16th. Noble Financial began coverage on shares of Brightcove in a research note on Friday, June 24th. They issued a “buy” rating on the stock. 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 research note on Tuesday, June 28th. One investment analyst has rated the stock with a hold rating and five have given a buy rating to the company’s stock. The company has an average rating of “Buy” and a consensus target price of $11.00.
The stock has a 50 day moving average of $10.26 and a 200-day moving average of $7.31. The stock’s market capitalization is $389.21 million.
Brightcove (NASDAQ:BCOV) last announced its quarterly earnings data on Thursday, July 28th. The company reported ($0.01) earnings per share (EPS) for the quarter, meeting the consensus estimate of ($0.01). The firm earned $36.96 million during the quarter, compared to analyst estimates of $36.07 million. During the same period in the prior year, the firm posted ($0.04) earnings per share. The business’s quarterly revenue was up 12.5% compared to the same quarter last year. On average, equities analysts predict that Brightcove Inc. will post $0.08 EPS 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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