Brightcove Inc. (NASDAQ:BCOV) shares hit a new 52-week high during trading on Monday . The stock traded as high as $16.22 and last traded at $15.67, with a volume of 5886 shares. The stock had previously closed at $15.42.
BCOV has been the topic of a number of research analyst reports. Lake Street Capital raised their target price on shares of Brightcove from $15.00 to $20.00 and gave the company a “buy” rating in a research note on Thursday, October 22nd. B. Riley raised their target price on shares of Brightcove from $12.00 to $16.50 in a research note on Thursday, October 22nd. Zacks Investment Research upgraded shares of Brightcove from a “hold” rating to a “strong-buy” rating and set a $16.00 target price on the stock in a research note on Monday, October 26th. BidaskClub lowered shares of Brightcove from a “strong-buy” rating to a “buy” rating in a research note on Monday, November 2nd. Finally, Colliers Securities raised their target price on shares of Brightcove from $12.00 to $16.00 and gave the company a “buy” rating in a research note on Wednesday, October 14th. Seven equities research analysts have rated the stock with a buy rating and one has issued a strong buy rating to the company. The company presently has a consensus rating of “Buy” and a consensus price target of $17.70.
The company has a current ratio of 0.84, a quick ratio of 0.84 and a debt-to-equity ratio of 0.07. The business’s fifty day simple moving average is $12.70 and its two-hundred day simple moving average is $10.15. The stock has a market capitalization of $612.21 million, a P/E ratio of -41.67, a P/E/G ratio of 14.65 and a beta of 0.72.
Brightcove (NASDAQ:BCOV) last issued its quarterly earnings results on Wednesday, October 21st. The software maker reported $0.11 earnings per share for the quarter, beating analysts’ consensus estimates of ($0.02) by $0.13. Brightcove had a negative net margin of 7.61% and a negative return on equity of 0.21%. The firm had revenue of $49.08 million during the quarter, compared to the consensus estimate of $46.31 million. During the same period in the prior year, the firm earned $0.06 EPS. The business’s revenue was up 3.5% on a year-over-year basis. On average, equities research analysts anticipate that Brightcove Inc. will post 0.07 earnings per share for the current year.
Large investors have recently added to or reduced their stakes in the company. Archon Capital Management LLC grew its position in shares of Brightcove by 6.9% during the 3rd quarter. Archon Capital Management LLC now owns 2,940,876 shares of the software maker’s stock worth $30,115,000 after buying an additional 190,576 shares during the period. Millrace Asset Group Inc. bought a new stake in shares of Brightcove during the 3rd quarter valued at about $1,691,000. Tenzing Global Management LLC boosted its position in shares of Brightcove by 3.7% during the 3rd quarter. Tenzing Global Management LLC now owns 3,887,500 shares of the software maker’s stock valued at $39,808,000 after acquiring an additional 137,500 shares during the last quarter. Arrowstreet Capital Limited Partnership boosted its position in shares of Brightcove by 74.6% during the 3rd quarter. Arrowstreet Capital Limited Partnership now owns 318,614 shares of the software maker’s stock valued at $3,263,000 after acquiring an additional 136,122 shares during the last quarter. Finally, Globeflex Capital L P bought a new stake in shares of Brightcove during the 2nd quarter valued at about $1,062,000. 84.39% of the stock is owned by institutional investors.
Brightcove Company Profile (NASDAQ:BCOV)
Brightcove Inc provides cloud-based services for video. Its flagship product include Video Cloud, an online video platform that enables its customers to publish and distribute video to Internet-connected devices. The company also offers Video Marketing Suite, a suite of video technologies to drive awareness, engagement, and conversion; Enterprise Video Suite, an enterprise-class platform for internal communications, employee training, live streaming, marketing, and e-commerce videos; and OTT Flow, a service for media companies and content owners to deploy direct-to-consumer, live and on-demand video services across platforms.
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