Brightcove Inc. (BCOV) Trading Down 2%
Shares of Brightcove Inc. (NASDAQ:BCOV) traded down 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. The stock had previously closed at $11.98.
Several analysts have recently issued reports on the company. Zacks Investment Research upgraded Brightcove from a “hold” rating to a “buy” rating and set a $13.00 price target for the company in a research note on Wednesday, August 10th. B. Riley reiterated a “buy” rating and set a $11.00 price target on shares of Brightcove in a research note on Wednesday, August 3rd. Dougherty & Co upped their price target on Brightcove from $10.50 to $13.00 and gave the stock a “buy” rating in a research note on Friday, July 29th. Finally, Noble Financial assumed coverage on Brightcove in a research note on Friday, June 24th. They set a “buy” rating for the company. One analyst has rated the stock with a hold rating and five have issued a buy rating to the stock. Brightcove has a consensus rating of “Buy” and an average price target of $11.00.
The firm has a 50-day moving average of $10.44 and a 200-day moving average of $7.38. The firm’s market capitalization is $389.87 million.
Brightcove (NASDAQ:BCOV) last issued its quarterly earnings data on Thursday, July 28th. The company reported ($0.01) EPS for the quarter, hitting the Thomson Reuters’ consensus estimate of ($0.01). The business had revenue of $36.96 million for the quarter, compared to analyst estimates of $36.07 million. The business’s quarterly revenue was up 12.5% compared to the same quarter last year. During the same period in the previous year, the business posted ($0.04) EPS. Equities analysts forecast that Brightcove Inc. will post $0.08 earnings per share 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).
Get Analysts' Upgrades and Downgrades Daily - Enter your email address below to receive a concise daily summary of analysts' upgrades, downgrades and new coverage with MarketBeat.com's FREE daily email newsletter.