Brightcove - BCOV Stock Forecast, Price & News

Brightcove Inc. provides cloud-based services for video. Its flagship product includes Video Cloud, an online video platform that enables its customers to publish and distribute 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 on multiple monetization models; Brightcove Player, a video player technology with a cloud-based service for creating and managing experiences; and Zencoder, a cloud-based video encoding technology. In addition, it provides video solutions, such as Brightcove CorpTV, an application that enables marketing videos, product announcements, training programs, and other live and on-demand content; Video Marketing Suite, a suite of video technologies to drive awareness, engagement, and conversion; Enterprise Video Suite, an enterprise-class platform for internal communications, employee training, live streaming, marketing, and e-commerce videos; and Virtual Events Experience, a platform to create customized, live, and 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 America, Europe, Asia Pacific, Japan, and the Middle East. Brightcove Inc. was incorporated in 2004 and is headquartered in Boston, Massachusetts.

Brightcove Stock Performance

Shares of NASDAQ:BCOV traded up $0.09 during trading on Friday, reaching $6.83. The stock had a trading volume of 104,189 shares, compared to its average volume of 131,250. The business has a fifty day moving average price of $6.47 and a 200-day moving average price of $7.19. The stock has a market cap of $286.18 million, a PE ratio of -113.83 and a beta of 0.75. Brightcove has a 1-year low of $5.84 and a 1-year high of $12.55.

Brightcove (NASDAQ:BCOV - Get Rating) last posted its quarterly earnings data on Tuesday, August 2nd. The software maker reported $0.10 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.05 by $0.05. Brightcove had a positive return on equity of 2.63% and a negative net margin of 1.20%. During the same period in the prior year, the firm posted $0.04 EPS. Sell-side analysts expect that Brightcove will post -0.06 earnings per share for the current year.

Analyst Upgrades and Downgrades

A number of analysts have weighed in on the company. TheStreet lowered Brightcove from a "c" rating to a "d" rating in a research note on Friday, April 29th. StockNews.com upgraded Brightcove from a "hold" rating to a "buy" rating in a research note on Sunday, May 15th.

Insider Transactions at Brightcove

In other news, major shareholder Edenbrook Capital, Llc acquired 15,000 shares of the company's stock in a transaction that occurred on Friday, July 29th. The stock was purchased at an average cost of $5.98 per share, with a total value of $89,700.00. Following the purchase, the insider now directly owns 4,844,955 shares of the company's stock, valued at approximately $28,972,830.90. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. In the last three months, insiders acquired 50,748 shares of company stock valued at $323,163. Corporate insiders own 3.70% of the company's stock.