Brightcove Downgraded by Zacks to “Neutral” (BCOV)
Brightcove (NASDAQ:BCOV) was downgraded by Zacks from an “outperform” rating to a “neutral” rating in a research note issued to investors on Thursday, Stock Ratings Network reports. They currently have a $15.60 price target on the stock. Zacks‘ price objective indicates a potential upside of 14.87% from the company’s current price.
In other Brightcove news, Insider Andrew Feinberg unloaded 26,923 shares of the stock in a transaction that occurred on Friday, October 18th. The stock was sold at an average price of $14.02, for a total transaction of $377,460.46. The transaction was disclosed in a document filed with the SEC, which can be accessed through this link.
Shares of Brightcove (NASDAQ:BCOV) traded up 1.65% on Thursday, hitting $13.58. 589,915 shares of the company’s stock traded hands. Brightcove has a one year low of $4.89 and a one year high of $14.48. The stock has a 50-day moving average of $10.29 and a 200-day moving average of $8.00. The company’s market cap is $384.6 million.
Brightcove (NASDAQ:BCOV) last announced its earnings results on Thursday, October 24th. The company reported $0.04 earnings per share (EPS) for the quarter, beating the consensus estimate of ($0.05) by $0.09. The company had revenue of $28.50 million for the quarter, compared to the consensus estimate of $27.10 million. On average, analysts predict that Brightcove will post $-0.15 earnings per share for the current fiscal year.
Separately, analysts at B. Riley raised their price target on shares of Brightcove from $14.00 to $16.00 in a research note to investors on Monday. They now have a “buy” rating on the stock.
Brightcove Inc, (NASDAQ:BCOV) is a provider of cloud-based solutions for publishing and distributing professional digital media.
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