Brightcove Inc (NASDAQ:BCOV) has received a consensus recommendation of “Hold” from the seven brokerages that are currently covering the stock, Marketbeat Ratings reports. One investment analyst has rated the stock with a sell recommendation, two have issued a hold recommendation and three have assigned a buy recommendation to the company. The average 1 year target price among analysts that have covered the stock in the last year is $13.33.

Several research analysts have commented on the company. ValuEngine raised Brightcove from a “hold” rating to a “buy” rating in a research report on Friday, September 28th. BidaskClub raised Brightcove from a “strong sell” rating to a “sell” rating in a research report on Tuesday, September 11th. Finally, Zacks Investment Research lowered Brightcove from a “hold” rating to a “sell” rating in a research report on Tuesday, September 25th.

In other news, Director Deborah M. Besemer sold 14,000 shares of Brightcove stock in a transaction dated Wednesday, November 7th. The stock was sold at an average price of $7.42, for a total transaction of $103,880.00. Following the sale, the director now directly owns 100,696 shares of the company’s stock, valued at $747,164.32. The sale was disclosed in a filing with the SEC, which can be accessed through this hyperlink. Company insiders own 4.90% of the company’s stock.

Several hedge funds and other institutional investors have recently made changes to their positions in BCOV. Trigran Investments Inc. increased its position in shares of Brightcove by 120.7% during the third quarter. Trigran Investments Inc. now owns 1,750,642 shares of the software maker’s stock worth $14,705,000 after acquiring an additional 957,305 shares during the last quarter. Renaissance Technologies LLC increased its position in shares of Brightcove by 45.1% during the second quarter. Renaissance Technologies LLC now owns 2,324,400 shares of the software maker’s stock worth $22,430,000 after acquiring an additional 722,587 shares during the last quarter. Millennium Management LLC increased its position in shares of Brightcove by 118.7% during the second quarter. Millennium Management LLC now owns 667,752 shares of the software maker’s stock worth $6,444,000 after acquiring an additional 362,369 shares during the last quarter. Tenzing Global Management LLC increased its position in shares of Brightcove by 23.1% during the second quarter. Tenzing Global Management LLC now owns 1,750,000 shares of the software maker’s stock worth $16,888,000 after acquiring an additional 328,100 shares during the last quarter. Finally, BlackRock Inc. increased its position in shares of Brightcove by 13.6% during the second quarter. BlackRock Inc. now owns 2,401,585 shares of the software maker’s stock worth $23,174,000 after acquiring an additional 287,246 shares during the last quarter. 78.97% of the stock is currently owned by institutional investors and hedge funds.

NASDAQ:BCOV traded down $0.08 during mid-day trading on Monday, hitting $7.03. The company had a trading volume of 95,523 shares, compared to its average volume of 107,746. Brightcove has a 1 year low of $6.30 and a 1 year high of $10.75. The firm has a market capitalization of $255.38 million, a PE ratio of -14.65 and a beta of 1.15.

Brightcove (NASDAQ:BCOV) last released its quarterly earnings data on Thursday, November 1st. The software maker reported ($0.03) EPS for the quarter, beating the consensus estimate of ($0.05) by $0.02. Brightcove had a negative return on equity of 12.75% and a negative net margin of 7.79%. The company had revenue of $41.10 million for the quarter, compared to analyst estimates of $41.82 million. During the same period last year, the company posted ($0.06) earnings per share. The firm’s revenue was up 4.1% compared to the same quarter last year. On average, research analysts predict that Brightcove will post -0.32 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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