Brightcove Inc. (BCOV) Stock Price Up 4.2%
Brightcove Inc. (NASDAQ:BCOV) rose 4.2% on Wednesday . The stock traded as high as $9.28 and last traded at $9.14, with a volume of 422,339 shares traded. The stock had previously closed at $8.77.
BCOV has been the subject of several research analyst reports. Zacks Investment Research upgraded Brightcove from a “hold” rating to a “buy” rating and set a $9.50 price objective for the company in a report on Tuesday, June 28th. Noble Financial initiated coverage on Brightcove in a report on Friday, June 24th. They issued a “buy” rating for the company. Dougherty & Co upgraded Brightcove from a “neutral” rating to a “buy” rating and set a $10.50 price objective for the company in a report on Thursday, June 16th. B. Riley restated a “buy” rating and issued a $10.60 target price on shares of Brightcove in a research note on Monday, June 13th. Finally, Ladenburg Thalmann assumed 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. One analyst has rated the stock with a hold rating and six have assigned a buy rating to the stock. Brightcove presently has a consensus rating of “Buy” and a consensus target price of $9.93.
The firm’s 50-day moving average price is $7.58 and its 200-day moving average price is $6.35. The company’s market capitalization is $302.77 million.
Brightcove (NASDAQ:BCOV) last released its earnings results on Thursday, April 28th. The company reported $0.02 EPS for the quarter, beating analysts’ consensus estimates of $0.01 by $0.01. The business had revenue of $36.29 million for the quarter, compared to the consensus estimate of $35.05 million. The company’s quarterly revenue was up 10.3% compared to the same quarter last year. During the same period in the prior year, the company posted ($0.02) EPS. On average, equities research analysts forecast 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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