Brightcove (NASDAQ:BCOV) was downgraded by equities research analysts at BidaskClub from a “strong-buy” rating to a “buy” rating in a research report issued to clients and investors on Tuesday, BidAskClub reports.
BCOV has been the topic of a number of other research reports. Zacks Investment Research raised shares of Brightcove from a “hold” rating to a “buy” rating and set a $11.00 target price on the stock in a report on Monday, April 29th. Northland Securities reissued a “buy” rating and issued a $14.00 target price on shares of Brightcove in a report on Thursday, May 16th. One analyst has rated the stock with a hold rating and four have given a buy rating to the company. The stock presently has an average rating of “Buy” and a consensus price target of $12.33.
Shares of BCOV stock opened at $10.00 on Tuesday. The company has a debt-to-equity ratio of 0.19, a quick ratio of 0.93 and a current ratio of 0.93. Brightcove has a one year low of $6.88 and a one year high of $10.75.
Brightcove (NASDAQ:BCOV) last issued its quarterly earnings results on Wednesday, April 24th. The software maker reported ($0.05) EPS for the quarter, topping the consensus estimate of ($0.07) by $0.02. Brightcove had a negative net margin of 10.13% and a negative return on equity of 13.98%. The business had revenue of $41.80 million for the quarter, compared to analysts’ expectations of $40.22 million. During the same quarter last year, the company posted ($0.06) earnings per share. The company’s quarterly revenue was up 1.5% compared to the same quarter last year. As a group, analysts forecast that Brightcove will post -0.13 earnings per share for the current fiscal year.
Large investors have recently made changes to their positions in the business. BNP Paribas Arbitrage SA increased its stake in shares of Brightcove by 68,190.9% in the first quarter. BNP Paribas Arbitrage SA now owns 7,512 shares of the software maker’s stock valued at $63,000 after purchasing an additional 7,501 shares during the period. Marshall Wace North America L.P. acquired a new stake in shares of Brightcove in the first quarter valued at approximately $74,000. Metropolitan Life Insurance Co. NY increased its stake in shares of Brightcove by 404.8% in the fourth quarter. Metropolitan Life Insurance Co. NY now owns 11,822 shares of the software maker’s stock valued at $83,000 after purchasing an additional 9,480 shares during the period. Los Angeles Capital Management & Equity Research Inc. acquired a new stake in shares of Brightcove in the fourth quarter valued at approximately $104,000. Finally, Trexquant Investment LP acquired a new stake in shares of Brightcove in the first quarter valued at approximately $148,000. Institutional investors own 78.87% of the company’s stock.
Brightcove Company Profile
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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