Analysts predict that Brightcove Inc (NASDAQ:BCOV) will post ($0.03) earnings per share (EPS) for the current fiscal quarter, Zacks Investment Research reports. Two analysts have provided estimates for Brightcove’s earnings. The lowest EPS estimate is ($0.04) and the highest is ($0.02). Brightcove also reported earnings per share of ($0.03) in the same quarter last year. The business is expected to report its next quarterly earnings results after the market closes on Thursday, February 22nd.
According to Zacks, analysts expect that Brightcove will report full-year earnings of ($0.33) per share for the current financial year, with EPS estimates ranging from ($0.35) to ($0.32). For the next fiscal year, analysts anticipate that the company will post earnings of ($0.03) per share, with EPS estimates ranging from ($0.15) to $0.15. Zacks Investment Research’s EPS calculations are a mean average based on a survey of research firms that follow Brightcove.
Several analysts recently issued reports on the stock. Zacks Investment Research raised shares of Brightcove from a “hold” rating to a “buy” rating and set a $9.00 price target for the company in a research report on Wednesday, November 1st. Northland Securities raised shares of Brightcove from a “market perform” rating to an “outperform” rating in a report on Friday, October 27th. Stifel Nicolaus lifted their price objective on shares of Brightcove from $10.50 to $11.00 and gave the stock a “buy” rating in a report on Friday, October 27th. Finally, B. Riley reaffirmed a “hold” rating and set a $7.25 price objective on shares of Brightcove in a report on Friday, October 27th. One research analyst has rated the stock with a sell rating, one has issued a hold rating and three have given a buy rating to the stock. The company presently has a consensus rating of “Hold” and a consensus price target of $8.44.
Shares of Brightcove (NASDAQ BCOV) opened at $6.75 on Monday. Brightcove has a 52-week low of $5.40 and a 52-week high of $9.30. The stock has a market cap of $233.77, a price-to-earnings ratio of -10.23 and a beta of 1.86.
Institutional investors and hedge funds have recently bought and sold shares of the business. Dimensional Fund Advisors LP boosted its holdings in Brightcove by 30.2% during the 2nd quarter. Dimensional Fund Advisors LP now owns 16,234 shares of the software maker’s stock worth $101,000 after acquiring an additional 3,764 shares during the last quarter. Voya Investment Management LLC boosted its holdings in Brightcove by 18.8% during the 2nd quarter. Voya Investment Management LLC now owns 21,932 shares of the software maker’s stock worth $136,000 after acquiring an additional 3,465 shares during the last quarter. Alliancebernstein L.P. boosted its holdings in Brightcove by 106.8% during the 2nd quarter. Alliancebernstein L.P. now owns 24,400 shares of the software maker’s stock worth $151,000 after acquiring an additional 12,600 shares during the last quarter. The Manufacturers Life Insurance Company boosted its holdings in Brightcove by 22.8% during the 2nd quarter. The Manufacturers Life Insurance Company now owns 29,591 shares of the software maker’s stock worth $183,000 after acquiring an additional 5,494 shares during the last quarter. Finally, Parametric Portfolio Associates LLC boosted its holdings in Brightcove by 71.3% during the 2nd quarter. Parametric Portfolio Associates LLC now owns 30,532 shares of the software maker’s stock worth $189,000 after acquiring an additional 12,713 shares during the last quarter. 62.75% of the stock is currently owned by hedge funds and other institutional investors.
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Brightcove Inc is a global provider of cloud-based services for video. The Company’s products and services include Brightcove Video Cloud (Video Cloud), Brightcove Zencoder (Zencoder), Brightcove Once (Once), Brightcove Perform (Perform), Brightcove Video Marketing Suite (Video Marketing Suite), Brightcove Lift (Lift), Brightcove OTT Flow (OTT Flow) and Brightcove Enterprise Video Suite (Enterprise Video Suite), among others.
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