Brightcove Inc (BCOV) Receives Consensus Recommendation of “Hold” from Brokerages
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.
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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