Brightcove Inc. (NASDAQ:BCOV) has been given an average recommendation of “Hold” by the seven brokerages that are covering the firm, Marketbeat reports. Two analysts have rated the stock with a sell rating, two have assigned a hold rating and two have issued a buy rating on the company. The average 12 month price objective among brokers that have issued a report on the stock in the last year is $9.75.

A number of research analysts recently weighed in on the stock. B. Riley reaffirmed a “neutral” rating and issued a $5.50 target price on shares of Brightcove in a research report on Tuesday, August 1st. Zacks Investment Research downgraded shares of Brightcove from a “hold” rating to a “sell” rating in a research report on Tuesday, August 1st. ValuEngine downgraded shares of Brightcove from a “hold” rating to a “sell” rating in a research report on Friday, June 2nd. Stifel Nicolaus decreased 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. Finally, Northland Securities set a $7.00 target price on shares of Brightcove and gave the company a “hold” rating in a research report on Friday, July 21st.

Brightcove (NASDAQ:BCOV) traded down 0.74% during midday trading on Tuesday, hitting $6.75. 196,139 shares of the company traded hands. The stock’s 50-day moving average is $6.63 and its 200-day moving average is $7.22. The firm’s market capitalization is $231.83 million. Brightcove has a 12-month low of $5.40 and a 12-month high of $13.80.

Brightcove (NASDAQ:BCOV) last released its earnings results on Wednesday, July 26th. The software maker reported ($0.16) earnings per share for the quarter, missing analysts’ consensus estimates of ($0.14) by $0.02. The business had revenue of $38.75 million during the quarter, compared to the consensus estimate of $37.13 million. Brightcove had a negative net margin of 12.22% and a negative return on equity of 19.65%. The firm’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. Analysts anticipate that Brightcove will post ($0.37) EPS for the current fiscal year.

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Hedge funds and other institutional investors have recently made changes to their positions in the stock. Frontier Capital Management Co. LLC increased its position in shares of Brightcove by 2.5% in the second quarter. Frontier Capital Management Co. LLC now owns 2,468,556 shares of the software maker’s stock worth $15,305,000 after buying an additional 60,090 shares during the period. Vanguard Group Inc. increased its position in shares of Brightcove by 7.8% in the second quarter. Vanguard Group Inc. now owns 2,004,632 shares of the software maker’s stock worth $12,428,000 after buying an additional 145,395 shares during the period. Cramer Rosenthal Mcglynn LLC increased its position in shares of Brightcove by 27.7% in the second quarter. Cramer Rosenthal Mcglynn LLC now owns 1,845,590 shares of the software maker’s stock worth $11,443,000 after buying an additional 400,029 shares during the period. Renaissance Technologies LLC increased its position in shares of Brightcove by 7.3% in the first quarter. Renaissance Technologies LLC now owns 1,593,500 shares of the software maker’s stock worth $14,182,000 after buying an additional 108,017 shares during the period. Finally, Cooper Creek Partners Management LLC increased its position in shares of Brightcove by 60.8% in the second quarter. Cooper Creek Partners Management LLC now owns 1,204,357 shares of the software maker’s stock worth $7,467,000 after buying an additional 455,504 shares during the period. 67.57% of the stock is owned by institutional investors.

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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