Shares of Brightcove Inc (NASDAQ:BCOV) have been given a consensus recommendation of “Hold” by the nine ratings firms that are covering the company, MarketBeat.com reports. Two investment analysts have rated the stock with a sell rating, one has given a hold rating and five have assigned a buy rating to the company. The average twelve-month target price among brokers that have issued a report on the stock in the last year is $11.81.

BCOV has been the subject of a number of recent analyst reports. Zacks Investment Research downgraded shares of Brightcove from a “hold” rating to a “sell” rating in a research report on Tuesday, July 31st. BidaskClub cut shares of Brightcove from a “sell” rating to a “strong sell” rating in a report on Saturday, July 28th. Finally, ValuEngine raised shares of Brightcove from a “hold” rating to a “buy” rating in a report on Friday, September 28th.

In related news, CEO Jeff Ray bought 20,000 shares of the company’s stock in a transaction on Tuesday, August 14th. The stock was bought at an average cost of $8.09 per share, with a total value of $161,800.00. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Company insiders own 4.90% of the company’s stock.

Institutional investors have recently modified their holdings of the business. Acadian Asset Management LLC purchased a new position in Brightcove in the second quarter valued at about $115,000. Cubist Systematic Strategies LLC purchased a new position in shares of Brightcove during the 2nd quarter worth approximately $115,000. MetLife Investment Advisors LLC increased its stake in shares of Brightcove by 671.8% during the 2nd quarter. MetLife Investment Advisors LLC now owns 17,189 shares of the software maker’s stock worth $166,000 after purchasing an additional 14,962 shares in the last quarter. California Public Employees Retirement System purchased a new position in shares of Brightcove during the 2nd quarter worth approximately $191,000. Finally, Citigroup Inc. increased its stake in shares of Brightcove by 927.5% during the 1st quarter. Citigroup Inc. now owns 35,008 shares of the software maker’s stock worth $243,000 after purchasing an additional 31,601 shares in the last quarter. 75.05% of the stock is owned by institutional investors.

NASDAQ:BCOV traded down $0.12 during trading hours on Friday, hitting $7.82. The company’s stock had a trading volume of 126,707 shares, compared to its average volume of 198,613. The firm has a market capitalization of $288.42 million, a PE ratio of -16.48 and a beta of 1.46. Brightcove has a 52-week low of $6.30 and a 52-week high of $10.75.

Brightcove (NASDAQ:BCOV) last posted its earnings results on Thursday, July 26th. The software maker reported ($0.07) EPS for the quarter, missing the consensus estimate of ($0.06) by ($0.01). The business had revenue of $41.70 million during the quarter, compared to analysts’ expectations of $41.63 million. Brightcove had a negative net margin of 9.04% and a negative return on equity of 15.19%. The business’s quarterly revenue was up 7.5% compared to the same quarter last year. During the same period last year, the company earned ($0.16) EPS. On average, equities research analysts anticipate that Brightcove will post -0.31 EPS for the current fiscal year.

Brightcove Company Profile

Brightcove Inc provides cloud-based services for video. The company offers Video Cloud, an online video platform that enables its customers to publish and distribute video to Internet-connected devices. Its Video Cloud platform offers various features and functionalities, such as uploading and encoding, content management, video player technology, multi-platform video experiences, live video streaming, distribution and syndication, social media, advertising and monetization, and analytics, as well as APIs, SDKs, and developer resources.

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Analyst Recommendations for Brightcove (NASDAQ:BCOV)

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