Brightcove Inc. (BCOV) Reaches New 1-Year High at $9.32
Shares of Brightcove Inc. (NASDAQ:BCOV) hit a new 52-week high on Thursday . The company traded as high as $9.32 and last traded at $9.20, with a volume of 213,867 shares traded. The stock had previously closed at $9.18.
Several analysts have recently commented on BCOV shares. B. Riley restated a “buy” rating and issued a $10.60 target price on shares of Brightcove in a research note on Wednesday, June 8th. Ladenburg Thalmann started coverage on Brightcove in a research note on Tuesday, March 22nd. They issued a “buy” rating and a $10.00 target price for the company. Zacks Investment Research upgraded Brightcove from a “hold” rating to a “buy” rating and set a $9.50 target price for the company in a research note on Tuesday, June 28th. Dougherty & Co upgraded Brightcove from a “neutral” rating to a “buy” rating and set a $10.50 target price for the company in a research note on Thursday, June 16th. Finally, Noble Financial started coverage on Brightcove in a research note on Friday, June 24th. They issued a “buy” rating for the company. One equities research analyst has rated the stock with a hold rating and six have given a buy rating to the company. The company has a consensus rating of “Buy” and a consensus target price of $9.93.
The firm’s 50-day moving average is $7.49 and its 200 day moving average is $6.33. The firm’s market cap is $299.82 million.
Brightcove (NASDAQ:BCOV) last issued its quarterly earnings data on Thursday, April 28th. The company reported $0.02 EPS for the quarter, beating the consensus estimate of $0.01 by $0.01. During the same period last year, the company posted ($0.02) earnings per share. The firm had revenue of $36.29 million for the quarter, compared to the consensus estimate of $35.05 million. The business’s revenue was up 10.3% on a year-over-year basis. Equities analysts expect that Brightcove Inc. will post $0.06 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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