Brightcove Given New $16.00 Price Target at B. Riley (BCOV)
B. Riley lifted their price objective on shares of Brightcove (NASDAQ:BCOV) from $14.00 to $16.00 in a research note issued on Monday, StockRatingsNetwork.com reports. The firm currently has a “buy” rating on the stock. B. Riley’s target price indicates a potential upside of 1.85% from the company’s current price.
In other Brightcove news, Insider Andrew Feinberg unloaded 26,923 shares of the stock on the open market in a transaction dated Friday, October 18th. The shares were sold at an average price of $14.02, for a total value of $377,460.46. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link.
Shares of Brightcove (NASDAQ:BCOV) traded up 15.68% on Monday, hitting $15.71. The stock had a trading volume of 2,627,930 shares. Brightcove has a 52 week low of $4.89 and a 52 week 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 $445.3 million.
Brightcove (NASDAQ:BCOV) last posted its quarterly 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. During the same quarter in the previous year, the company posted ($0.05) earnings per share. The company’s revenue for the quarter was up 29.0% on a year-over-year basis. On average, analysts predict that Brightcove will post $-0.12 earnings per share for the current fiscal year.
Brightcove Inc, (NASDAQ:BCOV) is a provider of cloud-based solutions for publishing and distributing professional digital media.
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