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Brightcove (NASDAQ:BCOV)’s share price reached a new 52-week low during trading on Friday , ARN reports. The company traded as low as $6.06 and last traded at $6.45, with a volume of 5,178,773 shares traded. The stock had previously closed at $10.27.

BCOV has been the subject of a number of recent research reports. Analysts at Stifel Nicolaus reiterated a “buy” rating on shares of Brightcove in a research note on Friday. They now have a $15.00 price target on the stock, down previously from $20.00. Separately, analysts at Dougherty & Co downgraded shares of Brightcove from a “buy” rating to a “neutral” rating in a research note on Friday. Finally, analysts at Raymond James downgraded shares of Brightcove from a “strong-buy” rating to a “market perform” rating in a research note on Friday. Six equities research analysts have rated the stock with a hold rating and one has assigned a buy rating to the company. The company currently has an average rating of “Hold” and an average price target of $11.83.

The stock’s 50-day moving average is $10.01 and its 200-day moving average is $9.83. The company’s market cap is $204.8 million.

Brightcove (NASDAQ:BCOV) last posted its quarterly earnings results on Thursday, July 24th. The company reported ($0.04) earnings per share (EPS) for the quarter, beating the consensus estimate of ($0.11) by $0.07. The company had revenue of $31.00 million for the quarter, compared to the consensus estimate of $30.23 million. During the same quarter in the previous year, the company posted ($0.04) earnings per share. The company’s revenue for the quarter was up 15.2% on a year-over-year basis. Analysts expect that Brightcove will post $-0.22 EPS 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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