Equities analysts expect that Brightcove Inc. (NASDAQ:BCOV) will post ($0.17) earnings per share for the current quarter, Zacks reports. Three analysts have made estimates for Brightcove’s earnings, with the highest EPS estimate coming in at ($0.15) and the lowest estimate coming in at ($0.18). Brightcove reported earnings per share of ($0.03) in the same quarter last year, which suggests a negative year-over-year growth rate of 466.7%. The business is expected to issue its next quarterly earnings report on Wednesday, November 1st.

According to Zacks, analysts expect that Brightcove will report full year earnings of ($0.61) per share for the current fiscal year, with EPS estimates ranging from ($0.67) to ($0.55). For the next year, analysts anticipate that the company will report earnings of ($0.24) per share, with EPS estimates ranging from ($0.37) to ($0.07). Zacks’ earnings per share calculations are a mean average based on a survey of sell-side research firms that that provide coverage for Brightcove.

Brightcove (NASDAQ:BCOV) last posted its earnings results on Wednesday, July 26th. The software maker reported ($0.16) EPS for the quarter, missing analysts’ consensus estimates of ($0.14) by $0.02. The business had revenue of $38.75 million for the quarter, compared to analysts’ expectations of $37.13 million. Brightcove had a negative net margin of 12.22% and a negative return on equity of 19.65%. The company’s revenue for the quarter was up 5.4% on a year-over-year basis. During the same period last year, the business posted ($0.01) EPS.

BCOV has been the topic of several research reports. TheStreet cut shares of Brightcove from a “c-” rating to a “d+” rating in a research report on Tuesday, May 9th. Zacks Investment Research cut shares of Brightcove from a “hold” rating to a “sell” rating in a research report on Tuesday, August 1st. ValuEngine cut shares of Brightcove from a “hold” rating to a “sell” rating in a research report on Friday, June 2nd. Northland Securities set a $7.00 price target on shares of Brightcove and gave the stock a “hold” rating in a research report on Friday, July 21st. Finally, B. Riley reissued a “neutral” rating and set a $5.50 price target on shares of Brightcove in a research report on Tuesday, August 1st. Two analysts have rated the stock with a sell rating, two have given a hold rating and two have assigned a buy rating to the company. The company currently has an average rating of “Hold” and an average price target of $10.40.

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Brightcove (NASDAQ BCOV) traded down 0.73% on Monday, reaching $6.80. 177,186 shares of the company’s stock were exchanged. The stock’s market cap is $233.55 million. Brightcove has a one year low of $5.40 and a one year high of $13.80. The firm has a 50 day moving average of $6.40 and a 200-day moving average of $7.28.

Hedge funds have recently modified their holdings of the company. Highbridge Capital Management LLC acquired a new stake in shares of Brightcove during the fourth quarter valued at about $225,000. Russell Investments Group Ltd. acquired a new stake in shares of Brightcove during the fourth quarter valued at about $119,000. Essex Investment Management Co. LLC boosted its stake in shares of Brightcove by 32.2% in the first quarter. Essex Investment Management Co. LLC now owns 132,261 shares of the software maker’s stock valued at $1,177,000 after buying an additional 32,178 shares in the last quarter. Prudential Financial Inc. boosted its stake in shares of Brightcove by 1.8% in the first quarter. Prudential Financial Inc. now owns 121,060 shares of the software maker’s stock valued at $1,077,000 after buying an additional 2,100 shares in the last quarter. Finally, Nuveen Asset Management LLC boosted its stake in shares of Brightcove by 162.8% in the first quarter. Nuveen Asset Management LLC now owns 752,554 shares of the software maker’s stock valued at $6,698,000 after buying an additional 466,225 shares in the last quarter. 68.52% of the stock is currently owned by institutional investors and hedge funds.

About Brightcove

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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