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Brightcove (NASDAQ:BCOV)‘s stock had its “buy” rating reiterated by Stifel Nicolaus in a research note issued on Friday. They currently have a $15.00 price target on the stock, down from their previous price target of $20.00. Stifel Nicolaus’ price target suggests a potential upside of 135.11% from the stock’s previous close.

Brightcove (NASDAQ:BCOV) traded down 37.88% on Friday, hitting $6.38. 7,226,957 shares of the company’s stock traded hands. Brightcove has a one year low of $7.78 and a one year high of $16.25. The stock has a 50-day moving average of $10.01 and a 200-day moving average of $9.83. The company’s market cap is $204.8 million.

Brightcove (NASDAQ:BCOV) last released its earnings data on Thursday, July 24th. The company reported ($0.04) EPS for the quarter, beating the Thomson Reuters 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 prior year, the company posted ($0.04) earnings per share. The company’s quarterly revenue was up 15.2% on a year-over-year basis. Analysts expect that Brightcove will post $-0.22 EPS for the current fiscal year.

Other equities research analysts have also recently issued reports about the stock. Analysts at Dougherty & Co downgraded shares of Brightcove from a “buy” rating to a “neutral” rating in a research note on Friday. Separately, analysts at Raymond James downgraded shares of Brightcove from a “strong-buy” rating to a “market perform” rating in a research note on Friday. Finally, analysts at RBC Capital downgraded shares of Brightcove from an “outperform” rating to a “sector perform” rating in a research note on Friday. They now have a $13.00 price target on the stock, up previously from $9.00. Six analysts have rated the stock with a hold rating and one has given a buy rating to the company’s stock. Brightcove currently has a consensus rating of “Hold” and an average target price of $11.83.

Brightcove Inc, (NASDAQ:BCOV) is a provider of cloud-based solutions for publishing and distributing professional digital media.

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