Shares of Brightcove Inc (NASDAQ:BCOV) have been given a consensus recommendation of “Hold” by the seven analysts that are presently covering the firm, MarketBeat.com reports. One analyst has rated the stock with a sell rating, two have given a hold rating and three have issued a buy rating on the company. The average twelve-month price objective among brokers that have issued ratings on the stock in the last year is $13.33.
A number of research analysts have recently weighed in on BCOV shares. Zacks Investment Research lowered Brightcove from a “hold” rating to a “sell” rating in a report on Tuesday, September 25th. ValuEngine raised Brightcove from a “hold” rating to a “buy” rating in a report on Friday, September 28th. Finally, BidaskClub raised Brightcove from a “sell” rating to a “hold” rating in a report on Wednesday, October 24th.
In other news, Director Deborah M. Besemer sold 14,000 shares of the stock in a transaction dated Wednesday, November 7th. The stock was sold at an average price of $7.42, for a total value of $103,880.00. Following the transaction, 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 Securities & Exchange Commission, which can be accessed through the SEC website. 4.90% of the stock is currently owned by corporate insiders.
Several institutional investors and hedge funds have recently modified their holdings of the company. Vanguard Group Inc. boosted its stake in shares of Brightcove by 17.5% in the third 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 last quarter. AQR Capital Management LLC boosted its stake in shares of Brightcove by 74.8% in the third quarter. AQR Capital Management LLC now owns 487,825 shares of the software maker’s stock worth $4,098,000 after buying an additional 208,760 shares during the last quarter. MetLife Investment Advisors LLC boosted its stake in shares of Brightcove by 55.2% in the third 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 last quarter. Tenzing Global Management LLC boosted its stake in shares of Brightcove by 1.4% in the third quarter. Tenzing Global Management LLC now owns 1,775,000 shares of the software maker’s stock worth $14,910,000 after buying an additional 25,000 shares during the last quarter. Finally, King Luther Capital Management Corp purchased a new stake in shares of Brightcove in the third quarter worth about $223,000. Hedge funds and other institutional investors own 78.97% of the company’s stock.
Shares of BCOV stock traded up $0.13 during mid-day trading on Monday, reaching $7.08. The stock had a trading volume of 6,969 shares, compared to its average volume of 119,438. The firm has a market capitalization of $249.63 million, a PE ratio of -14.60 and a beta of 1.15. Brightcove has a 1-year low of $6.30 and a 1-year high of $10.75.
Brightcove (NASDAQ:BCOV) last announced its quarterly earnings data on Thursday, November 1st. The software maker reported ($0.03) earnings per share for the quarter, beating analysts’ consensus estimates of ($0.05) by $0.02. The business had revenue of $41.10 million for the quarter, compared to analyst estimates of $41.82 million. Brightcove had a negative return on equity of 12.75% and a negative net margin of 7.79%. The company’s revenue was up 4.1% on a year-over-year basis. During the same period in the prior year, the company earned ($0.06) earnings per share. On average, equities analysts expect that Brightcove will post -0.32 earnings per share for the current 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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