Brightcove Inc. (BCOV) Reaches New 52-Week High at $9.32
Brightcove Inc. (NASDAQ:BCOV) reached a new 52-week high during mid-day trading on Thursday . The stock traded as high as $9.32 and last traded at $9.20, with a volume of 213,867 shares. The stock had previously closed at $9.18.
Several equities research analysts have issued reports on the stock. Noble Financial assumed coverage on shares of Brightcove in a research note on Friday, June 24th. They set a “buy” rating on the stock. Zacks Investment Research upgraded 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 upgraded 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. B. Riley reiterated a “buy” rating and set a $10.60 price objective on shares of Brightcove in a report on Monday, June 13th. Finally, Ladenburg Thalmann began coverage on shares of Brightcove in a report on Tuesday, March 22nd. They set a “buy” rating and a $10.00 price objective on the stock. One research analyst has rated the stock with a hold rating and six have given a buy rating to the company’s stock. Brightcove presently has an average rating of “Buy” and a consensus target price of $9.93.
The firm’s market cap is $309.32 million. The company’s 50-day moving average is $7.67 and its 200-day moving average is $6.38.
Brightcove (NASDAQ:BCOV) last issued its quarterly earnings results on Thursday, April 28th. The company reported $0.02 EPS for the quarter, topping the consensus estimate of $0.01 by $0.01. During the same quarter last year, the firm posted ($0.02) earnings per share. The business earned $36.29 million during the quarter, compared to the consensus estimate of $35.05 million. Brightcove’s revenue was up 10.3% compared to the same quarter last year. Equities research analysts expect that Brightcove Inc. will post $0.06 EPS 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).
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