Brightcove Inc. (BCOV) Stock Price Up 4.2%
Brightcove Inc. (NASDAQ:BCOV) shares rose 4.2% during mid-day trading on Wednesday . The company traded as high as $9.28 and last traded at $9.14, with a volume of 422,339 shares trading hands. The stock had previously closed at $8.77.
BCOV has been the topic of a number of recent analyst reports. B. Riley restated a “buy” rating and set a $10.60 price target on shares of Brightcove in a research note on Wednesday, June 8th. Ladenburg Thalmann initiated coverage on shares of Brightcove in a report on Tuesday, March 22nd. They issued a “buy” rating and a $10.00 price objective on the stock. Zacks Investment Research raised shares of Brightcove from a “hold” rating to a “buy” rating and set a $9.50 price objective on the stock in a report on Tuesday, June 28th. Dougherty & Co raised shares of Brightcove from a “neutral” rating to a “buy” rating and set a $10.50 price objective on the stock in a report on Thursday, June 16th. Finally, Noble Financial initiated coverage on shares of Brightcove in a report on Friday, June 24th. They issued a “buy” rating on the stock. One research analyst has rated the stock with a hold rating and six have assigned a buy rating to the company. The company has a consensus rating of “Buy” and an average price target of $9.93.
The stock has a 50 day moving average of $7.40 and a 200-day moving average of $6.31. The stock’s market capitalization is $300.80 million.
Brightcove (NASDAQ:BCOV) last posted its quarterly earnings data on Thursday, April 28th. The company reported $0.02 earnings per share for the quarter, beating analysts’ consensus estimates of $0.01 by $0.01. The firm earned $36.29 million during the quarter, compared to analysts’ expectations of $35.05 million. During the same quarter last year, the business earned ($0.02) earnings per share. The business’s quarterly revenue was up 10.3% on a year-over-year basis. On average, equities analysts predict that Brightcove Inc. will post $0.06 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).