Brightcove Inc. (BCOV) Hits New 52-Week High at $12.53
Brightcove Inc. (NASDAQ:BCOV)’s share price hit a new 52-week high on Friday . The company traded as high as $12.53 and last traded at $12.44, with a volume of 420,089 shares. The stock had previously closed at $11.74.
A number of brokerages have recently weighed in on BCOV. B. Riley reiterated a “buy” rating and set a $10.60 target price on shares of Brightcove in a research note on Monday, June 13th. Dougherty & Co upgraded Brightcove from a “neutral” rating to a “buy” rating and set a $10.50 target price on the stock in a research note on Thursday, June 16th. Zacks Investment Research lowered Brightcove from a “buy” rating to a “hold” rating in a research note on Tuesday, August 9th. Finally, Noble Financial began coverage on Brightcove in a research note on Friday, June 24th. They set a “buy” rating on the stock. One analyst has rated the stock with a hold rating and five have issued a buy rating to the stock. The company currently has an average rating of “Buy” and an average price target of $11.00.
The company’s market cap is $412.03 million. The company has a 50-day moving average price of $10.81 and a 200-day moving average price of $7.62.
Brightcove (NASDAQ:BCOV) last issued its quarterly earnings data on Thursday, July 28th. The company reported ($0.01) EPS for the quarter, hitting analysts’ consensus estimates of ($0.01). During the same period in the prior year, the firm posted ($0.04) earnings per share. The company had revenue of $36.96 million for the quarter, compared to the consensus estimate of $36.07 million. The business’s revenue for the quarter was up 12.5% on a year-over-year basis. Equities research analysts forecast that Brightcove Inc. will post $0.08 earnings per share for the current year.
In other Brightcove news, insider Kevin R. Rhodes sold 15,092 shares of the business’s stock in a transaction that occurred on Tuesday, August 23rd. The stock was sold at an average price of $11.88, for a total transaction of $179,292.96. Following the completion of the sale, the insider now directly owns 103,436 shares of the company’s stock, valued at approximately $1,228,819.68. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website.
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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