NASDAQ:BCOVBrightcove Stock Price, Forecast & News

$8.29

-0.12 (-1.43 %)

(As of 05/28/2020 01:40 PM ET)

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Today's Range

$8.20

Now: $8.29▼

$8.62

50-Day Range

$7.36

MA: $8.26▼

$8.99

52-Week Range

$5.44

Now: $8.29▼

$12.88

Volume46,615 shs

Average Volume173,889 shs

Market Capitalization$323.14 million

P/E RatioN/A

Dividend YieldN/A

Beta0.79

Brightcove Inc. provides cloud-based services for video. It offers Video Cloud, an online video platform that enables its customers to publish and distribute video to Internet-connected devices. The company also provides Zencoder, a cloud-based video encoding service for file support, quality and control, speed and reliability, platform and security, and account and integration; SSAI, a cloud-based ad insertion and video stitching service; and Player, a cloud-based service for creating and managing video player experiences. In addition, it offers Video Marketing Suite, a suite of video technologies to address the needs of marketers to drive awareness, engagement, and conversion; OTT Flow, a service for media companies and content owners to deploy direct-to-consumer, live and on-demand video services across platforms; and Enterprise video suite, an enterprise-class platform for internal communications, employee training, live streaming, marketing, and e-commerce videos. Further, the company provides account management, professional, support, and online and onsite training services. It serves media companies, broadcasters, publishers, sports and entertainment companies, fashion and hospitality brands and corporations, faith-based institutions, e-commerce platforms, and hi-tech organizations; and governments, educational institutions, and non-profit organizations through direct sales, referral partners, channel partners, and resellers in North America, Europe, Japan, the Asia Pacific, and internationally, as well as sells its products online. The company was formerly known as Video Marketplace, Inc. and changed its name to Brightcove Inc. in March 2005. Brightcove Inc. was founded in 2004 and is headquartered in Boston, Massachusetts.

Beat the Market (BTM) Rank^™

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 3 buy ratings, no hold ratings, and no sell ratings.
Price Target Upside/Downside
According to analysts' consensus price target of $13.00, Brightcove has a potential upside of 56.8% from its current price of $8.29.
Amount of Analyst Coverage
Brightcove has received no research coverage in the past 90 days.

2.9 Community Rank

Outperform Votes
Brightcove has received 351 “outperform” votes. (Add your “outperform” vote.)
Underperform Votes
Brightcove has received 244 “underperform” votes. (Add your “underperform” vote.)
Community Sentiment
Brightcove has received 58.99% “outperform” votes from our community.

MarketBeat's community ratings are surveys of what our community members think about Brightcove and other stocks. Vote “Outperform” if you believe BCOV will outperform the S&P 500 over the long term. Vote “Underperform” if you believe BCOV will underperform the S&P 500 over the long term. You may vote once every thirty days.

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.

4.0 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 $125,868.00 in company stock and sold $0.00 in company stock.
Percentage Held by Insiders
Only 2.30% of the stock of Brightcove is held by insiders.
Percentage Held by Institutions
87.16% of the stock of Brightcove is held by institutions. High institutional ownership can be a signal of strong market trust in this company.

0.6 Earnings and Valuation

Earnings Growth
Earnings for Brightcove are expected to grow in the coming year, from ($0.14) to $0.01 per share.
Price to Earnings Ratio vs. the Market
The P/E ratio of Brightcove is -12.88, 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 -12.88, 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 4.71. P/B Ratios above 3 indicate that a company could be overvalued with respect to its assets and liabilities.

Overall Beat the Market Rank^™

2.21 out of 5 stars

Industry, Sector and Symbol

Stock Exchange NASDAQ

Industry Data processing & preparation

Sub-IndustryInternet Software & Services

SectorComputer and Technology

Current SymbolNASDAQ:BCOV

Previous Symbol

CUSIP10921T10

CIK1313275

Webwww.brightcove.com

Phone888-882-1880

Debt

Debt-to-Equity Ratio0.29

Current Ratio0.82

Quick Ratio0.82

Price-To-Earnings

Trailing P/E RatioN/A

Forward P/E RatioN/A

P/E GrowthN/A

Sales & Book Value

Annual Sales$184.46 million

Price / Sales1.75

Cash Flow$0.05 per share

Price / Cash Flow164.45

Book Value$1.76 per share

Price / Book4.71

Profitability

EPS (Most Recent Fiscal Year)($0.17)

Net Income$-21,900,000.00

Net Margins-13.09%

Return on Equity-8.28%

Return on Assets-3.46%

Miscellaneous

Employees495

Outstanding Shares38,980,000

Market Cap$323.14 million

Next Earnings Date7/22/2020 (Estimated)

OptionableOptionable

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Brightcove (NASDAQ:BCOV) Frequently Asked Questions

How has Brightcove's stock been impacted by COVID-19 (Coronavirus)?

Brightcove's stock was trading at $7.23 on March 11th, 2020 when COVID-19 reached pandemic status according to the World Health Organization (WHO). Since then, BCOV stock has increased by 14.7% and is now trading at $8.29. View which stocks have been most impacted by Coronavirus.

Do Wall Street analysts recommend investors buy shares of Brightcove?

3 Wall Street analysts have issued "buy," "hold," and "sell" ratings for Brightcove in the last year. There are currently 3 buy ratings for the stock, resulting in a consensus recommendation of "Buy." View analyst ratings for Brightcove.

When is Brightcove's next earnings date?

Brightcove is scheduled to release its next quarterly earnings announcement on Wednesday, July 22nd 2020. View our earnings forecast for Brightcove.

How were Brightcove's earnings last quarter?

Brightcove Inc (NASDAQ:BCOV) announced its quarterly earnings data on Wednesday, April, 29th. The software maker reported $0.04 earnings per share (EPS) for the quarter, hitting the Thomson Reuters' consensus estimate of $0.04. The software maker earned $46.65 million during the quarter, compared to analysts' expectations of $48.07 million. Brightcove had a negative return on equity of 8.28% and a negative net margin of 13.09%. The business's revenue was up 11.5% on a year-over-year basis. During the same quarter in the previous year, the business earned ($0.01) EPS. View Brightcove's earnings history.

What guidance has Brightcove issued on next quarter's earnings?

Brightcove issued an update on its second quarter earnings guidance on Wednesday, April, 29th. The company provided earnings per share (EPS) guidance of ($0.05)-($0.01) for the period, compared to the Thomson Reuters consensus estimate of $0.01. The company issued revenue guidance of $44.5-46.0 million, compared to the consensus revenue estimate of $48.67 million.

What price target have analysts set for BCOV?

3 equities research analysts have issued twelve-month target prices for Brightcove's shares. Their forecasts range from $12.00 to $14.00. On average, they expect Brightcove's share price to reach $13.00 in the next year. This suggests a possible upside of 56.8% from the stock's current price. View analysts' price targets for Brightcove.

Has Brightcove been receiving favorable news coverage?

Media coverage about BCOV stock has been trending very positive recently, according to InfoTrie Sentiment Analysis. The research firm identifies positive and negative news coverage by analyzing more than six thousand news and blog sources in real-time. The firm ranks coverage of publicly-traded companies on a scale of negative five to positive five, with scores nearest to five being the most favorable. Brightcove earned a daily sentiment score of 3.1 on InfoTrie's scale. They also assigned headlines about the software maker a news buzz of 10.0 out of 10, indicating that recent news coverage is extremely likely to have an effect on the company's share price in the near term. View the latest news aboutBrightcove.

Are investors shorting Brightcove?

Brightcove saw a increase in short interest during the month of May. As of May 15th, there was short interest totaling 607,700 shares, an increase of 17.6% from the April 30th total of 516,700 shares. Based on an average daily trading volume, of 224,200 shares, the days-to-cover ratio is presently 2.7 days. Approximately 1.6% of the shares of the company are short sold. View Brightcove's Current Options Chain.

Who are some of Brightcove's key competitors?

Some companies that are related to Brightcove include Facebook (FB), Equinix (EQIX), eBay (EBAY), Twitter (TWTR), CoStar Group (CSGP), SEA (SE), Verisign (VRSN), Akamai Technologies (AKAM), ANGI Homeservices (ANGI), LogMeIn (LOGM), Envestnet (ENV), J2 Global (JCOM), Stamps.com (STMP), LivePerson (LPSN) and Cimpress (CMPR). View all competitors.

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 LP Unit (ET), Ford Motor (F), CBL & Associates Properties (CBL), Cypress Semiconductor (CY), Oasis Petroleum (OAS), Arlington Asset Investment (AI), Centurylink (CTL), Medley Capital (MCC), Advanced Micro Devices (AMD) and Broadcom (AVGO).

Who are Brightcove's key executives?

Brightcove's management team includes the following people:

Mr. David Plotkin, Chief Legal Officer (Age 51)
Mr. Hugh Jefferson Ray III, CEO & Director (Age 64)
Mr. Robert Noreck, Exec. VP, CFO & Principal Accounting Officer
Ms. Sara Larsen, Chief Marketing Officer
Mr. Hossein Razzaghi, Sr. VP of Sales

What is Brightcove's stock symbol?

Brightcove trades on the NASDAQ under the ticker symbol "BCOV."

Who are Brightcove's major shareholders?

Brightcove's stock is owned by a number of retail and institutional investors. Top institutional shareholders include Trigran Investments Inc. (10.46%), Tenzing Global Management LLC (9.62%), BlackRock Inc. (6.62%), Cramer Rosenthal Mcglynn LLC (5.32%), Frontier Capital Management Co. LLC (4.14%) and State Street Corp (1.84%). Company insiders that own Brightcove stock include David Plotkin, Deborah M Besemer, Jeff Ray and Thomas E Wheeler. View institutional ownership trends for Brightcove.

Which major investors are selling Brightcove stock?

BCOV stock was sold by a variety of institutional investors in the last quarter, including JPMorgan Chase & Co., Squarepoint Ops LLC, Morgan Stanley, Spark Investment Management LLC, GSA Capital Partners LLP, Mcclain Value Management LLC, Frontier Capital Management Co. LLC, and Two Sigma Investments LP. View insider buying and selling activity for Brightcove.

Which major investors are buying Brightcove stock?

BCOV stock was purchased by a variety of institutional investors in the last quarter, including Tenzing Global Management LLC, Cramer Rosenthal Mcglynn LLC, Trigran Investments Inc., Acadian Asset Management LLC, BW Gestao de Investimentos Ltda., Geode Capital Management LLC, Los Angeles Capital Management & Equity Research Inc., and King Luther Capital Management Corp. Company insiders that have bought Brightcove stock in the last two years include Jeff Ray, and Thomas E Wheeler. View insider buying and selling activity for Brightcove.

How do I buy shares of Brightcove?

Shares of BCOV can be purchased through any online brokerage account. Popular online brokerages with access to the U.S. stock market include Vanguard Brokerage Services, TD Ameritrade, E*TRADE, Robinhood, Fidelity, and Charles Schwab.

What is Brightcove's stock price today?

One share of BCOV stock can currently be purchased for approximately $8.29.

How big of a company is Brightcove?

Brightcove has a market capitalization of $323.14 million and generates $184.46 million in revenue each year. The software maker earns $-21,900,000.00 in net income (profit) each year or ($0.17) on an earnings per share basis. Brightcove employs 495 workers across the globe.

What is Brightcove's official website?

The official website for Brightcove is www.brightcove.com.

How can I contact Brightcove?

Brightcove's mailing address is 290 CONGRESS STREET, BOSTON MA, 02210. The software maker can be reached via phone at 888-882-1880 or via email at [email protected]

This page was last updated on 5/28/2020 by MarketBeat.com Staff