Shares of Brightcove Inc (NASDAQ:BCOV) have earned an average recommendation of “Buy” from the eight research firms that are currently covering the firm, MarketBeat reports. One equities research analyst has rated the stock with a sell recommendation, five have issued a buy recommendation and one has assigned a strong buy recommendation to the company. The average 1-year price objective among brokers that have updated their coverage on the stock in the last year is $12.35.

BCOV has been the topic of a number of research analyst reports. BidaskClub downgraded shares of Brightcove from a “buy” rating to a “hold” rating in a report on Thursday, March 7th. B. Riley raised shares of Brightcove from a “neutral” rating to a “buy” rating and upped their price objective for the company from $7.00 to $12.00 in a report on Tuesday, December 11th. ValuEngine raised shares of Brightcove from a “hold” rating to a “buy” rating in a report on Tuesday, December 11th. Finally, Zacks Investment Research downgraded shares of Brightcove from a “buy” rating to a “hold” rating in a report on Monday, January 28th.

In other Brightcove news, CEO Jeff Ray purchased 5,000 shares of the company’s stock in a transaction that occurred on Monday, February 25th. The stock was bought at an average price of $8.45 per share, with a total value of $42,250.00. Following the completion of the purchase, the chief executive officer now directly owns 25,000 shares of the company’s stock, valued at approximately $211,250. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link. Company insiders own 4.90% of the company’s stock.

A number of hedge funds have recently made changes to their positions in BCOV. AQR Capital Management LLC lifted its position in Brightcove by 74.8% during the third quarter. AQR Capital Management LLC now owns 487,825 shares of the software maker’s stock valued at $4,098,000 after buying an additional 208,760 shares during the period. King Luther Capital Management Corp grew its position in Brightcove by 20.8% in the 4th quarter. King Luther Capital Management Corp now owns 32,000 shares of the software maker’s stock valued at $225,000 after acquiring an additional 5,500 shares during the last quarter. Horrell Capital Management Inc. lifted its holdings in shares of Brightcove by 60.3% in the 4th quarter. Horrell Capital Management Inc. now owns 408,859 shares of the software maker’s stock worth $2,878,000 after buying an additional 153,859 shares during the period. MetLife Investment Advisors LLC lifted its holdings in shares of Brightcove by 55.2% in the 3rd quarter. MetLife Investment Advisors LLC now owns 26,669 shares of the software maker’s stock worth $224,000 after buying an additional 9,480 shares during the period. Finally, Vanguard Group Inc lifted its holdings in shares of Brightcove by 17.5% in the 3rd quarter. Vanguard Group Inc now owns 1,926,082 shares of the software maker’s stock worth $16,179,000 after buying an additional 286,537 shares during the period. 80.03% of the stock is owned by institutional investors.

Shares of NASDAQ BCOV opened at $8.28 on Friday. The company has a market capitalization of $303.05 million, a PE ratio of -30.67 and a beta of 1.04. Brightcove has a 52-week low of $6.86 and a 52-week high of $10.75.

Brightcove (NASDAQ:BCOV) last issued its quarterly earnings results on Wednesday, February 13th. The software maker reported ($0.04) earnings per share for the quarter, missing the Zacks’ consensus estimate of ($0.03) by ($0.01). The company had revenue of $40.86 million during the quarter, compared to analysts’ expectations of $41.23 million. Brightcove had a negative return on equity of 13.67% and a negative net margin of 8.51%. Brightcove’s quarterly revenue was up 1.9% compared to the same quarter last year. During the same period last year, the firm posted $0.04 earnings per share. Equities research analysts forecast that Brightcove will post -0.16 earnings per share for the current fiscal year.

About Brightcove

Brightcove Inc provides cloud-based services for video. It offers Video Cloud, an online video platform that enables its customers to publish and distribute video to Internet-connected devices. The company also provides Zencoder, a cloud-based video encoding service for file support, quality and control, speed and reliability, platform and security, and account and integration; SSAI, a cloud-based ad insertion and video stitching service; and Player, a cloud-based service for creating and managing video player experiences.

Featured Story: How dollar cost averaging works

Receive News & Ratings for Brightcove Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Brightcove and related companies with MarketBeat.com's FREE daily email newsletter.