Equities analysts expect Brightcove Inc. (NASDAQ:BCOV) to report sales of $39.49 million for the current fiscal quarter, Zacks reports. Three analysts have made estimates for Brightcove’s earnings, with estimates ranging from $39.36 million to $39.60 million. Brightcove posted sales of $38.63 million during the same quarter last year, which suggests a positive year over year growth rate of 2.2%. The business is scheduled to report its next quarterly earnings results on Thursday, February 15th.

On average, analysts expect that Brightcove will report full year sales of $39.49 million for the current year, with estimates ranging from $155.31 million to $155.41 million. For the next year, analysts expect that the company will post sales of $165.07 million per share, with estimates ranging from $162.97 million to $167.00 million. Zacks’ sales calculations are an average based on a survey of research firms that cover Brightcove.

Brightcove (NASDAQ:BCOV) last issued its earnings results on Thursday, October 26th. The software maker reported ($0.06) earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of ($0.10) by $0.04. Brightcove had a negative net margin of 14.58% and a negative return on equity of 25.11%. The business had revenue of $39.50 million for the quarter, compared to the consensus estimate of $37.99 million. During the same quarter in the previous year, the firm earned $0.02 earnings per share. The business’s quarterly revenue was up 2.9% compared to the same quarter last year.

A number of equities analysts have recently weighed in on the stock. Northland Securities raised shares of Brightcove from a “market perform” rating to an “outperform” rating in a research report on Friday, October 27th. Zacks Investment Research lowered shares of Brightcove from a “buy” rating to a “hold” rating in a research report on Monday, November 6th. Stifel Nicolaus upped their price target on shares of Brightcove from $10.50 to $11.00 and gave the stock a “buy” rating in a research report on Friday, October 27th. Finally, B. Riley reaffirmed a “hold” rating and set a $7.25 price target on shares of Brightcove in a research report on Friday, October 27th. One research analyst has rated the stock with a sell rating, one has issued a hold rating and three have given a buy rating to the stock. The company presently has an average rating of “Hold” and a consensus price target of $8.44.

A number of institutional investors and hedge funds have recently added to or reduced their stakes in the business. California State Teachers Retirement System grew its stake in Brightcove by 1.9% during the second quarter. California State Teachers Retirement System now owns 60,125 shares of the software maker’s stock worth $373,000 after buying an additional 1,100 shares during the period. American International Group Inc. grew its stake in Brightcove by 7.1% during 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 during the period. Bank of New York Mellon Corp grew its stake in Brightcove by 1.3% during the second quarter. Bank of New York Mellon Corp now owns 168,641 shares of the software maker’s stock worth $1,046,000 after buying an additional 2,098 shares during the period. Parametric Portfolio Associates LLC grew its stake in Brightcove by 14.0% during 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 during the period. Finally, Rhumbline Advisers grew its stake in Brightcove by 6.9% during the second quarter. Rhumbline Advisers now owns 37,181 shares of the software maker’s stock worth $231,000 after buying an additional 2,408 shares during the period. Institutional investors own 62.40% of the company’s stock.

Brightcove (NASDAQ BCOV) traded down $0.20 during trading hours on Thursday, hitting $7.45. 116,500 shares of the stock were exchanged, compared to its average volume of 249,208. Brightcove has a twelve month low of $5.40 and a twelve month high of $9.30.

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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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