Brightcove Inc. (BCOV) Sets New 12-Month High at $12.19
Brightcove Inc. (NASDAQ:BCOV) hit a new 52-week high on Monday . The company traded as high as $12.19 and last traded at $12.10, with a volume of 221,923 shares trading hands. The stock had previously closed at $11.95.
BCOV has been the subject of a number of research reports. Dougherty & Co upgraded shares of 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. Zacks Investment Research lowered shares of Brightcove from a “buy” rating to a “hold” rating in a research note on Tuesday, August 9th. Noble Financial initiated coverage on shares of Brightcove in a research note on Friday, June 24th. They set a “buy” rating for the company. Finally, B. Riley reiterated a “buy” rating and set a $10.60 target price on shares of Brightcove in a research note on Wednesday, June 8th. One equities research analyst has rated the stock with a hold rating and five have issued a buy rating to the stock. The stock has an average rating of “Buy” and a consensus price target of $11.00.
The company has a 50 day moving average of $9.95 and a 200-day moving average of $7.15. The company’s market capitalization is $398.47 million.
Brightcove (NASDAQ:BCOV) last issued its quarterly earnings data on Thursday, July 28th. The company reported ($0.01) earnings per share (EPS) for the quarter, meeting the Thomson Reuters’ consensus estimate of ($0.01). The business had revenue of $36.96 million for the quarter, compared to analysts’ expectations of $36.07 million. The business’s quarterly revenue was up 12.5% compared to the same quarter last year. During the same period in the previous year, the business earned ($0.04) earnings per share. Equities research analysts anticipate that Brightcove Inc. will post $0.08 earnings per share 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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