Brightcove (NASDAQ:BCOV)‘s stock had its “buy” rating reissued by analysts at Northland Securities in a research note issued on Tuesday, AnalystRatings.com reports.
Several other research analysts have also weighed in on BCOV. TheStreet raised Brightcove from a “d” rating to a “c-” rating in a research report on Wednesday, July 22nd. Zacks Investment Research raised shares of Brightcove from a “sell” rating to a “hold” rating in a research report on Tuesday, June 30th. BidaskClub cut shares of Brightcove from a “sell” rating to a “strong sell” rating in a report on Friday, September 4th. Finally, ValuEngine upgraded shares of Brightcove from a “hold” rating to a “buy” rating in a research note on Thursday, July 2nd. One research analyst has rated the stock with a sell rating, one has issued a hold rating and four have issued a buy rating to the company. The company has an average rating of “Buy” and an average price target of $13.00.
Shares of BCOV opened at $10.06 on Tuesday. The company has a 50-day moving average of $10.71 and a two-hundred day moving average of $8.58. The stock has a market cap of $396.51 million, a price-to-earnings ratio of -20.96 and a beta of 0.93. The company has a debt-to-equity ratio of 0.07, a current ratio of 0.78 and a quick ratio of 0.78. Brightcove has a one year low of $5.44 and a one year high of $13.36.
Brightcove (NASDAQ:BCOV) last posted its quarterly earnings data on Wednesday, July 22nd. The software maker reported $0.07 EPS for the quarter, topping analysts’ consensus estimates of ($0.03) by $0.10. Brightcove had a negative net margin of 9.93% and a negative return on equity of 3.07%. The firm had revenue of $47.93 million during the quarter, compared to analyst estimates of $44.92 million. Analysts anticipate that Brightcove will post -0.13 earnings per share for the current year.
Several institutional investors have recently made changes to their positions in the company. Bank of Montreal Can increased its holdings in Brightcove by 59.0% in the second quarter. Bank of Montreal Can now owns 3,582 shares of the software maker’s stock worth $27,000 after buying an additional 1,329 shares during the last quarter. Invesco Ltd. grew its position in Brightcove by 3.4% in the first quarter. Invesco Ltd. now owns 44,469 shares of the software maker’s stock worth $310,000 after acquiring an additional 1,448 shares in the last quarter. PDT Partners LLC increased its stake in shares of Brightcove by 9.7% during the 2nd quarter. PDT Partners LLC now owns 25,900 shares of the software maker’s stock worth $204,000 after purchasing an additional 2,300 shares during the last quarter. Citigroup Inc. raised its holdings in shares of Brightcove by 37.0% during the 1st quarter. Citigroup Inc. now owns 11,691 shares of the software maker’s stock valued at $81,000 after purchasing an additional 3,158 shares in the last quarter. Finally, Dorsey & Whitney Trust CO LLC lifted its stake in shares of Brightcove by 31.7% in the 1st quarter. Dorsey & Whitney Trust CO LLC now owns 14,425 shares of the software maker’s stock valued at $101,000 after purchasing an additional 3,475 shares during the last quarter. Institutional investors and hedge funds own 87.62% of the company’s stock.
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.
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