Analysts expect Brightcove Inc. (NASDAQ:BCOV) to post sales of $37.16 million for the current fiscal quarter, according to Zacks Investment Research. Four analysts have provided estimates for Brightcove’s earnings, with estimates ranging from $37.00 million to $37.47 million. Brightcove reported sales of $36.96 million in the same quarter last year, which indicates a positive year-over-year growth rate of 0.5%. The company is scheduled to report its next quarterly earnings report after the market closes on Wednesday, July 26th.

According to Zacks, analysts expect that Brightcove will report full-year sales of $37.16 million for the current year, with estimates ranging from $151.49 million to $152.74 million. For the next year, analysts expect that the business will post sales of $162.22 million per share, with estimates ranging from $158.56 million to $166.15 million. Zacks Investment Research’s sales calculations are an average based on a survey of sell-side research analysts that cover Brightcove.

Brightcove (NASDAQ:BCOV) last issued its quarterly earnings data on Thursday, May 4th. The software maker reported ($0.13) earnings per share (EPS) for the quarter, missing the consensus estimate of ($0.09) by $0.04. The firm had revenue of $37.60 million for the quarter, compared to analysts’ expectations of $37.38 million. Brightcove had a negative return on equity of 12.25% and a negative net margin of 8.88%. The business’s revenue for the quarter was up 3.6% compared to the same quarter last year. During the same period in the previous year, the business posted $0.02 EPS.

Several equities research analysts have recently weighed in on the stock. ValuEngine downgraded shares of Brightcove from a “hold” rating to a “sell” rating in a research report on Friday, June 2nd. Stifel Nicolaus dropped their target price on shares of Brightcove from $13.00 to $10.50 and set a “buy” rating for the company in a research report on Monday, May 15th. TheStreet downgraded shares of Brightcove from a “c-” rating to a “d+” rating in a research report on Tuesday, May 9th. B. Riley downgraded shares of Brightcove to a “neutral” rating and set a $5.50 target price for the company. in a research report on Wednesday, May 10th. Finally, Zacks Investment Research downgraded shares of Brightcove from a “hold” rating to a “strong sell” rating in a research report on Tuesday, April 18th. Two analysts have rated the stock with a sell rating, one has assigned a hold rating and two have given a buy rating to the company. Brightcove presently has a consensus rating of “Hold” and an average price target of $11.25.

Several large investors have recently made changes to their positions in the stock. Russell Investments Group Ltd. acquired a new stake in shares of Brightcove during the fourth quarter worth $119,000. Parametric Portfolio Associates LLC increased its stake in shares of Brightcove by 14.0% in the first quarter. Parametric Portfolio Associates LLC now owns 17,819 shares of the software maker’s stock worth $159,000 after buying an additional 2,183 shares in the last quarter. Citadel Advisors LLC increased its stake in shares of Brightcove by 212.1% in the first quarter. Citadel Advisors LLC now owns 18,167 shares of the software maker’s stock worth $162,000 after buying an additional 34,367 shares in the last quarter. A.R.T. Advisors LLC acquired a new stake in shares of Brightcove during the fourth quarter worth $163,000. Finally, American International Group Inc. increased its stake in shares of Brightcove by 7.1% in the first quarter. American International Group Inc. now owns 18,452 shares of the software maker’s stock worth $164,000 after buying an additional 1,223 shares in the last quarter. 74.74% of the stock is owned by institutional investors and hedge funds.

Shares of Brightcove (BCOV) remained flat at $6.50 during trading on Thursday. The stock had a trading volume of 41,016 shares. The firm’s market cap is $219.59 million. The firm has a 50 day moving average of $6.27 and a 200 day moving average of $7.37. Brightcove has a 52-week low of $5.40 and a 52-week high of $13.80.

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Brightcove Company Profile

Brightcove Inc is a global provider of cloud-based services for video. The Company’s products and services include Brightcove Video Cloud (Video Cloud), Brightcove Zencoder (Zencoder), Brightcove Once (Once), Brightcove Perform (Perform), Brightcove Video Marketing Suite (Video Marketing Suite), Brightcove Lift (Lift), Brightcove OTT Flow (OTT Flow) and Brightcove Enterprise Video Suite (Enterprise Video Suite), among others.

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