Brightcove (NASDAQ:BCOV) is set to announce its earnings results after the market closes on Thursday, February 22nd. Analysts expect the company to announce earnings of ($0.03) per share for the quarter.
Shares of Brightcove (NASDAQ:BCOV) opened at $6.80 on Wednesday. Brightcove has a 1 year low of $5.40 and a 1 year high of $9.30. The stock has a market cap of $235.50, a P/E ratio of -10.30 and a beta of 1.86.
Several equities research analysts have issued reports on BCOV shares. B. Riley reiterated a “hold” rating and set a $7.25 target price on shares of Brightcove in a research report on Friday, October 27th. Stifel Nicolaus boosted 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. Northland Securities upgraded shares of Brightcove from a “market perform” rating to an “outperform” rating in a report on Friday, October 27th. Finally, Zacks Investment Research upgraded shares of Brightcove from a “hold” rating to a “buy” rating and set a $9.00 price objective for the company in a report on Wednesday, November 1st. One equities 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. Brightcove currently has an average rating of “Hold” and a consensus price target of $8.44.
An institutional investor recently raised its position in Brightcove stock. Dimensional Fund Advisors LP lifted its holdings in Brightcove Inc (NASDAQ:BCOV) by 30.2% in the second quarter, according to the company in its most recent filing with the SEC. The fund owned 16,234 shares of the software maker’s stock after acquiring an additional 3,764 shares during the quarter. Dimensional Fund Advisors LP’s holdings in Brightcove were worth $101,000 at the end of the most recent quarter. Institutional investors and hedge funds own 62.72% of the company’s stock.
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Brightcove Company Profile
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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