Shares of Brightcove Inc. (NASDAQ:BCOV) have earned a consensus rating of “Hold” from the six research firms that are presently covering the company, MarketBeat Ratings reports. Two analysts have rated the stock with a sell recommendation, two have issued a hold recommendation and one has issued a buy recommendation on the company. The average twelve-month price objective among brokers that have issued a report on the stock in the last year is $7.67.

Several equities analysts have recently commented on BCOV shares. Stifel Nicolaus lowered their price target on shares of Brightcove from $13.00 to $10.50 and set a “buy” rating on the stock in a report on Monday, May 15th. B. Riley restated a “neutral” rating and set a $5.50 price target on shares of Brightcove in a report on Tuesday, August 1st. Northland Securities restated a “hold” rating and set a $7.00 price target on shares of Brightcove in a report on Friday, September 1st. ValuEngine cut shares of Brightcove from a “hold” rating to a “sell” rating in a report on Friday, June 2nd. Finally, Zacks Investment Research cut shares of Brightcove from a “hold” rating to a “sell” rating in a report on Tuesday, August 1st.

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Shares of Brightcove (BCOV) remained flat at $6.80 on Friday. 112,950 shares of the company’s stock were exchanged. Brightcove has a 52-week low of $5.40 and a 52-week high of $13.80. The firm’s market capitalization is $233.55 million. The stock has a 50-day moving average of $6.86 and a 200 day moving average of $7.19.

Brightcove (NASDAQ:BCOV) last posted its quarterly earnings results on Wednesday, July 26th. The software maker reported ($0.16) EPS for the quarter, missing the consensus estimate of ($0.14) by $0.02. Brightcove had a negative net margin of 12.22% and a negative return on equity of 19.65%. The company had revenue of $38.75 million for the quarter, compared to analysts’ expectations of $37.13 million. During the same quarter in the prior year, the firm earned ($0.01) earnings per share. The company’s revenue was up 5.4% on a year-over-year basis. Equities analysts predict that Brightcove will post ($0.37) EPS for the current year.

Several institutional investors have recently bought and sold shares of BCOV. Dimensional Fund Advisors LP boosted its holdings in Brightcove by 30.2% in the second quarter. Dimensional Fund Advisors LP now owns 16,234 shares of the software maker’s stock worth $101,000 after purchasing an additional 3,764 shares in the last quarter. Voya Investment Management LLC boosted its holdings in Brightcove by 18.8% in the second quarter. Voya Investment Management LLC now owns 21,932 shares of the software maker’s stock worth $136,000 after purchasing an additional 3,465 shares in the last quarter. Russell Investments Group Ltd. boosted its holdings in Brightcove by 7.9% in the first quarter. Russell Investments Group Ltd. now owns 15,600 shares of the software maker’s stock worth $139,000 after purchasing an additional 1,143 shares in the last quarter. Alliancebernstein L.P. boosted its holdings in Brightcove by 106.8% in the second quarter. Alliancebernstein L.P. now owns 24,400 shares of the software maker’s stock worth $151,000 after purchasing an additional 12,600 shares in the last quarter. Finally, Parametric Portfolio Associates LLC boosted its holdings in 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 purchasing an additional 2,183 shares in the last quarter. Institutional investors and hedge funds own 62.63% of the company’s stock.

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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