Brightcove Upgraded by Zacks to Outperform (BCOV)
Brightcove (NASDAQ:BCOV) was upgraded by Zacks from a “neutral” rating to an “outperform” rating in a research report issued on Friday, American Banking News.com reports. The firm currently has a $16.50 price target on the stock. Zacks‘ target price would indicate a potential upside of 17.77% from the stock’s previous close.
BCOV has been the subject of a number of other recent research reports. Analysts at RBC Capital raised their price target on shares of Brightcove from $11.00 to $16.00 in a research note to investors on Friday, October 25th. They now have an “outperform” rating on the stock. Separately, analysts at Raymond James raised their price target on shares of Brightcove from $15.00 to $16.00 in a research note to investors on Friday, October 25th. They now have a “strong-buy” rating on the stock. Finally, 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, October 21st. They now have a “buy” rating on the stock.
Brightcove (NASDAQ:BCOV) traded up 4.00% on Friday, hitting $14.57. 242,648 shares of the company’s stock traded hands. Brightcove has a 1-year low of $4.89 and a 1-year high of $16.25. The stock’s 50-day moving average is $13.97 and its 200-day moving average is $11.78. The company’s market cap is $419.2 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 last year, the company posted ($0.05) earnings per share. Brightcove’s revenue was up 29.0% compared to the same quarter last year.
Brightcove Inc, (NASDAQ:BCOV) is a provider of cloud-based solutions for publishing and distributing professional digital media.
To view Zacks’ full report, visit www.zacks.com
Get Analysts' Upgrades and Downgrades via Email - Stay on top of analysts' coverage with Analyst Ratings Network's FREE daily email newsletter that provides a concise list of analysts' upgrades and downgrades. Click here to register now.