Shares of Brightcove Inc. (NASDAQ:BCOV) have been assigned an average recommendation of “Hold” from the six brokerages that are covering the company, Marketbeat reports. One equities research analyst has rated the stock with a sell recommendation, two have assigned a hold recommendation and two have issued a buy recommendation on the company. The average twelve-month price objective among brokerages that have covered the stock in the last year is $9.13.

A number of brokerages have recently issued reports on BCOV. Northland Securities upgraded shares of Brightcove from a “market perform” rating to an “outperform” rating in a research note on Friday. Stifel Nicolaus increased their price objective on shares of Brightcove from $10.50 to $11.00 and gave the company a “buy” rating in a research note on Friday. B. Riley restated a “hold” rating and issued a $7.25 price objective on shares of Brightcove in a research note on Friday. Finally, Zacks Investment Research upgraded shares of Brightcove from a “sell” rating to a “hold” rating in a research note on Tuesday, October 17th.

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Several institutional investors have recently made changes to their positions in the stock. Wells Fargo & Company MN increased its position in shares of Brightcove by 4.0% during the 1st quarter. Wells Fargo & Company MN now owns 26,806 shares of the software maker’s stock worth $239,000 after purchasing an additional 1,035 shares in the last quarter. California State Teachers Retirement System increased its position in shares of Brightcove by 1.9% during the 2nd quarter. California State Teachers Retirement System now owns 60,125 shares of the software maker’s stock worth $373,000 after purchasing an additional 1,100 shares in the last quarter. Russell Investments Group Ltd. increased its position in shares of Brightcove by 7.9% during the 1st 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. American International Group Inc. increased its position in shares of Brightcove by 7.1% during the 1st quarter. American International Group Inc. now owns 18,452 shares of the software maker’s stock worth $164,000 after purchasing an additional 1,223 shares in the last quarter. Finally, Bank of New York Mellon Corp increased its position in shares of Brightcove by 1.3% during the 2nd quarter. Bank of New York Mellon Corp now owns 168,641 shares of the software maker’s stock worth $1,046,000 after purchasing an additional 2,098 shares in the last quarter. Institutional investors and hedge funds own 61.77% of the company’s stock.

Shares of Brightcove (NASDAQ:BCOV) opened at 7.85 on Friday. Brightcove has a 1-year low of $5.40 and a 1-year high of $11.50. The stock’s market cap is $269.61 million. The company’s 50-day moving average is $7.10 and its 200 day moving average is $6.87.

Brightcove (NASDAQ:BCOV) last released its earnings results on Thursday, October 26th. The software maker reported ($0.06) EPS for the quarter, beating the Thomson Reuters’ consensus estimate of ($0.10) by $0.04. The firm had revenue of $39.50 million during the quarter, compared to analysts’ expectations of $37.99 million. Brightcove had a negative net margin of 14.58% and a negative return on equity of 24.41%. The business’s quarterly revenue was up 2.9% compared to the same quarter last year. During the same period in the prior year, the company earned $0.02 EPS. Equities research analysts anticipate that Brightcove will post ($0.37) EPS for the current year.

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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