NASDAQ:BCOV

Brightcove (BCOV) Stock Forecast, Price & News

$3.29

+0.02 (+0.61%)

(As of 09/29/2023 ET)

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Today's Range: $3.26
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$3.34
50-Day Range: $3.27
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$4.49
52-Week Range: $3.24
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$7.39

Volume: 77,300 shs
Average Volume: 166,634 shs
Market Capitalization: $142.29 million

P/E Ratio: N/A
Dividend Yield: N/A
Price Target: $7.00

Brightcove MarketRank™ Forecast

Analyst Rating: Buy
3.00 Rating Score
Upside/Downside: 112.8% Upside
$7.00 Price Target
Short Interest: Healthy
0.66% of Shares Sold Short
Dividend Strength: N/A
Sustainability: -0.63
Upright™ Environmental Score
News Sentiment: 1.16
Based on 3 Articles This Week
Insider Trading: Acquiring Shares
$388,963 Bought Last Quarter
Proj. Earnings Growth: N/A

Overall MarketRank^™

MarketRank is calculated as an average of available category scores, with extra weight given to analysis and valuation.

2.38 out of 5 stars

Computer And Technology Sector

240th out of 607 stocks

Data Processing & Preparation Industry

20th out of 57 stocks

3.5

Analyst's Opinion

Consensus Rating
Brightcove has received a consensus rating of Buy. The company's average rating score is 3.00, and is based on 2 buy ratings, no hold ratings, and no sell ratings.
Price Target Upside/Downside
According to analysts' consensus price target of $7.00, Brightcove has a forecasted upside of 112.8% from its current price of $3.29.
Amount of Analyst Coverage
Brightcove has only been the subject of 2 research reports in the past 90 days.

3.0

Short Interest

Percentage of Shares Shorted
0.66% of the outstanding shares of Brightcove have been sold short.
Short Interest Ratio / Days to Cover
Brightcove has a short interest ratio ("days to cover") of 2, which is generally considered an acceptable ratio of short interest to trading volume.
Change versus previous month
Short interest in Brightcove has recently increased by 3.00%, indicating that investor sentiment is decreasing.

0.0

Dividend Strength

Dividend Yield
Brightcove does not currently pay a dividend.
Dividend Growth
Brightcove does not have a long track record of dividend growth.

4.1

Sustainability and ESG

Overall ESG (Environmental, Social, and Governance) Score
Brightcove has received a 58.30% net impact score from Upright. The largest positive contribution comes from its "Distributing knowledge" impact, which is mostly driven by its "Streaming of informative and educational videos for majority groups", "Online video chat software", and "Streaming of news videos for language majority groups following principles of journalistic ethics" products. See details.
Environmental Sustainability
The Environmental Impact score for Brightcove is -0.63.

2.9

News and Social Media Coverage

News Sentiment
Brightcove has a news sentiment score of 1.16. This score is calculated as an average of sentiment of articles about the company over the last seven days and ranges from 2 (good news) to -2 (bad news). This is a higher news sentiment than the 0.63 average news sentiment score of Computer and Technology companies.
News Coverage This Week
MarketBeat has tracked 3 news articles for Brightcove this week, compared to 1 article on an average week.
MarketBeat Follows
Only 2 people have added Brightcove to their MarketBeat watchlist in the last 30 days. This is a decrease of 0% compared to the previous 30 days.

3.3

Company Ownership

Insider Buying vs. Insider Selling
In the past three months, Brightcove insiders have bought more of their company's stock than they have sold. Specifically, they have bought $388,963.00 in company stock and sold $0.00 in company stock.
Percentage Held by Insiders
Only 3.70% of the stock of Brightcove is held by insiders.
Percentage Held by Institutions
85.68% of the stock of Brightcove is held by institutions. High institutional ownership can be a signal of strong market trust in this company.

0.0

Earnings and Valuation

Price to Earnings Ratio vs. the Market
The P/E ratio of Brightcove is -5.58, which means that its earnings are negative and its P/E ratio cannot be compared to companies with positive earnings.
Price to Earnings Ratio vs. Sector
The P/E ratio of Brightcove is -5.58, which means that its earnings are negative and its P/E ratio cannot be compared to companies with positive earnings.
Price to Book Value per Share Ratio
Brightcove has a P/B Ratio of 1.35. P/B Ratios below 3 indicates that a company is reasonably valued with respect to its assets and liabilities.

See Top Rated MarketRank™ Stocks Here

About Brightcove (NASDAQ:BCOV) Stock

Brightcove Inc. provides cloud-based streaming services. Its flagship product includes Video Cloud, an online video streaming platform that enables its customers to distribute high-quality video to internet-connected devices. The company also offers Brightcove Live, a solution for live streaming; Brightcove Beacon, an application that enables companies to launch over-the-top video experiences of multiple monetization models; Brightcove Player, a cloud-based technology for creating and managing video experiences; Zencoder, a cloud-based video encoding technology; and Brightcove Audience Insights, a business intelligence platform that provides actionable intelligence on viewers and subscribers. In addition, it provides video solutions, such as Brightcove Marketing Studio, which included Video Marketing Suite, a solution designed to address the needs of marketers to drive awareness, engagement, and conversion; Brightcove Communications Studio, which included Enterprise Video Suite, an enterprise-class platform that is designed to reduce the cost and complexity involved with internal video communications; Brightcove CorpTV, an application that enables marketing videos, product announcements, training programs, and other live and on-demand content; and Brightcove Virtual Events, a platform for customers to create bespoke, immersive live and always-on virtual experiences. The company serves media, broadcasters, publishers, sports and entertainment companies, fashion, faith-based institutions, retail and e-commerce platforms, and hi-tech organizations, governments, educational institutions, and hospitality brands. It also sells its products in the Americas, Europe, Asia Pacific, Japan, and the Middle East. Brightcove Inc. was incorporated in 2004 and is headquartered in Boston, Massachusetts.

BCOV Price History

30 days | 90 days | 365 days | Advanced Chart

BCOV Stock News Headlines

September 25, 2023 | americanbankingnews.com

Brightcove Inc. (NASDAQ:BCOV) Major Shareholder Edenbrook Capital, Llc Acquires 9,346 Shares

September 8, 2023 | msn.com

In The Black Network Taps Brightcove for AVOD Streaming

September 30, 2023 | Chaikin Analytics (Ad)

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September 7, 2023 | baystreet.ca

Brightcove Named to Power In the Black Network

September 7, 2023 | finance.yahoo.com

In The Black Network Taps Brightcove to Power Its AVOD Streaming Platform

September 1, 2023 | finance.yahoo.com

3 High-Potential Cryptos That Could 10X Your Investment

August 21, 2023 | msn.com

Brightcove Is Strategically Positioned For Imminent Growth And Expansion

August 8, 2023 | finance.yahoo.com

We're Hopeful That Brightcove (NASDAQ:BCOV) Will Use Its Cash Wisely

September 30, 2023 | Chaikin Analytics (Ad)

His system isolated NVIDIA - Here's His Next Buy.

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August 3, 2023 | markets.businessinsider.com

Brightcove earnings: here's what Wall Street expects

August 3, 2023 | washingtonpost.com

Brightcove: Q2 Earnings Snapshot

August 1, 2023 | msn.com

Lake Street Upgrades Brightcove (BCOV)

August 1, 2023 | benzinga.com

Earnings Preview For Brightcove

August 1, 2023 | markets.businessinsider.com

Where Brightcove Stands With Analysts

July 31, 2023 | marketwatch.com

Brightcove Shares Up 13% on Yahoo Agreement

July 31, 2023 | finance.yahoo.com

Brightcove to Power Yahoo Inc.’s Worldwide Streaming Capabilities

July 26, 2023 | benzinga.com

10% Owner of Brightcove Purchased $117K In Stock

July 23, 2023 | finance.yahoo.com

Owning 49% shares,institutional owners seem interested in Brightcove Inc. (NASDAQ:BCOV),

July 20, 2023 | finance.yahoo.com

Brightcove Forms Strategic Partnership With PubMatic to Fuel Its Ad Monetization Service

July 19, 2023 | finance.yahoo.com

Brightcove Announces Date of Second Quarter Fiscal Year 2023 Results and Earnings Live Stream

July 18, 2023 | finance.yahoo.com

Yelp (YELP) Stock Jumps 10.2%: Will It Continue to Soar?

July 14, 2023 | benzinga.com

Brightcove Recent Insider Activity

July 14, 2023 | gurufocus.com

Edenbrook Capital, LLC Increases Stake in Brightcove Inc

July 7, 2023 | finance.yahoo.com

Genius Sports Limited (GENI) Soars 25.7%: Is Further Upside Left in the Stock?

July 2, 2023 | finance.yahoo.com

Little Excitement Around Brightcove Inc.'s (NASDAQ:BCOV) Revenues

June 12, 2023 | markets.businessinsider.com

The Latest Analyst Ratings for Brightcove

June 11, 2023 | barrons.com

Brightcove Inc.

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BCOV Company Calendar

Last Earnings: 8/02/2023
Today: 9/30/2023
Next Earnings (Estimated): 11/01/2023
Fiscal Year End: 12/31/2023

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Industry, Sector and Symbol

Stock Exchange: NASDAQ
Industry: Data processing & preparation
Sub-Industry: Internet Software & Services
Sector: Computer and Technology
Current Symbol: NASDAQ:BCOV
CUSIP: 10921T10
CIK: 1313275
Web: www.brightcove.com
Phone: (617) 500-4947
Fax: 617-261-4830
Employees: 682
Year Founded: N/A

Price Target and Rating

Average Stock Price Forecast: $7.00
High Stock Price Forecast: $9.00
Low Stock Price Forecast: $5.00
Forecasted Upside/Downside: +112.8%
Consensus Rating: Buy
Rating Score (0-4): 3.00
Research Coverage: 2 Analysts

Profitability

EPS (Most Recent Fiscal Year): ($0.59)
Trailing P/E Ratio: N/A
Forward P/E Ratio: N/A
P/E Growth: N/A
Net Income: $-9,020,000.00
Net Margins: -12.31%
Pretax Margin: -11.71%
Return on Equity: -18.63%
Return on Assets: -8.05%

Debt

Debt-to-Equity Ratio: N/A
Current Ratio: 0.65
Quick Ratio: 0.65

Sales & Book Value

Annual Sales: $211.01 million
Price / Sales: 0.67
Cash Flow: $0.17 per share
Price / Cash Flow: 19.78
Book Value: $2.43 per share
Price / Book: 1.35

Miscellaneous

Outstanding Shares: 43,250,000
Free Float: 41,651,000
Market Cap: $142.29 million
Optionable: Optionable
Beta: 0.78

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Key Executives

Mr. Marc DeBevoise (Age 46)
CEO & Director
Comp: $943.27k

Mr. Robert Noreck (Age 47)
Exec. VP, CFO & Principal Accounting Officer
Comp: $653.92k

Mr. David Plotkin (Age 55)
Chief Legal Officer
Comp: $575.3k

Sara Griggs
VP of Corp. Communications

Mr. Billy O'Riordan
Sr. VP of International Sales

Mr. David Beck
Chief Strategy & Corp. Devel. Officer

Ms. Trisha Stiles
Chief People Officer

Ms. Debra A. Richards
Exec. VP of Global Customer Success

Teresa Tang
Sr. VP, Head of Analytics, Data Science & Data Engineering

Mr. Scott Levine
Chief Product Officer

Key Competitors

View All Competitors

Insiders & Institutions

View All Insider Transactions
View All Institutional Transactions

BCOV Stock - Frequently Asked Questions

Should I buy or sell Brightcove stock right now?: 2 Wall Street research analysts have issued "buy," "hold," and "sell" ratings for Brightcove in the last year. There are currently 2 buy ratings for the stock. The consensus among Wall Street research analysts is that investors should "buy" BCOV shares.
View BCOV analyst ratings or view top-rated stocks.
What is Brightcove's stock price forecast for 2023?: 2 Wall Street analysts have issued 12 month price objectives for Brightcove's shares. Their BCOV share price forecasts range from $5.00 to $9.00. On average, they predict the company's stock price to reach $7.00 in the next year. This suggests a possible upside of 112.8% from the stock's current price.
View analysts price targets for BCOV or view top-rated stocks among Wall Street analysts.
How have BCOV shares performed in 2023?: Brightcove's stock was trading at $5.23 at the beginning of 2023. Since then, BCOV stock has decreased by 37.1% and is now trading at $3.29.
View the best growth stocks for 2023 here.
When is Brightcove's next earnings date?: The company is scheduled to release its next quarterly earnings announcement on Wednesday, November 1st 2023.
View our BCOV earnings forecast.
How were Brightcove's earnings last quarter?: Brightcove Inc. (NASDAQ:BCOV) posted its earnings results on Wednesday, August, 2nd. The software maker reported ($0.07) earnings per share (EPS) for the quarter, beating analysts' consensus estimates of ($0.10) by $0.03. The software maker earned $50.99 million during the quarter, compared to the consensus estimate of $50.85 million. Brightcove had a negative trailing twelve-month return on equity of 18.63% and a negative net margin of 12.31%.
What guidance has Brightcove issued on next quarter's earnings?: Brightcove issued an update on its third quarter 2023 earnings guidance on Wednesday, August, 2nd. The company provided earnings per share guidance of 0-$0.03 for the period, compared to the consensus EPS estimate of $0.05. The company issued revenue guidance of $50.00 million-$51.00 million, compared to the consensus revenue estimate of $52.24 million.

What is Marc Debevoise's approval rating as Brightcove's CEO?: 96 employees have rated Brightcove Chief Executive Officer Marc Debevoise on Glassdoor.com. Marc Debevoise has an approval rating of 84% among the company's employees. 93.0% of employees surveyed would recommend working at Brightcove to a friend.
What other stocks do shareholders of Brightcove own?: Based on aggregate information from My MarketBeat watchlists, some companies that other Brightcove investors own include Energy Transfer (ET), Advanced Micro Devices (AMD), Ford Motor (F), OPKO Health (OPK), CBL & Associates Properties (CBL), Cypress Semiconductor (CY), Annaly Capital Management (NLY), AT&T (T), C3.ai (AI) and
What is Brightcove's stock symbol?: Brightcove trades on the NASDAQ under the ticker symbol "BCOV."
How do I buy shares of Brightcove?: Shares of BCOV stock can be purchased through any online brokerage account. Popular online brokerages with access to the U.S. stock market include WeBull, Vanguard Brokerage Services, TD Ameritrade, E*TRADE, Robinhood, Fidelity, and Charles Schwab.
Compare Top Brokerages Here.
What is Brightcove's stock price today?: One share of BCOV stock can currently be purchased for approximately $3.29.
How much money does Brightcove make?: Brightcove (NASDAQ:BCOV) has a market capitalization of $142.29 million and generates $211.01 million in revenue each year. The software maker earns $-9,020,000.00 in net income (profit) each year or ($0.59) on an earnings per share basis.
How many employees does Brightcove have?: The company employs 682 workers across the globe.
How can I contact Brightcove?: Brightcove's mailing address is 290 CONGRESS STREET, BOSTON MA, 02210. The official website for the company is www.brightcove.com. The software maker can be reached via phone at (617) 500-4947, via email at investorrelations@brightcove.com, or via fax at 617-261-4830.

This page (NASDAQ:BCOV) was last updated on 9/30/2023 by MarketBeat.com Staff

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