Brightcove - BCOV Stock Forecast, Price & News

2 Wall Street research analysts have issued "buy," "hold," and "sell" ratings for Brightcove in the last twelve months. There are currently 2 hold ratings for the stock. The consensus among Wall Street research analysts is that investors should "hold" BCOV shares. A hold rating indicates that analysts believe investors should maintain any existing positions they have in BCOV, but not buy additional shares or sell existing shares.
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2 analysts have issued twelve-month price targets for Brightcove's stock. Their BCOV share price forecasts range from $8.00 to $9.00. On average, they anticipate the company's share price to reach $8.50 in the next twelve months. This suggests a possible upside of 61.9% from the stock's current price.
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Brightcove's stock was trading at $10.22 on January 1st, 2022. Since then, BCOV shares have decreased by 48.6% and is now trading at $5.25.
View the best growth stocks for 2022 here.

Brightcove saw a decline in short interest in the month of November. As of November 15th, there was short interest totaling 577,900 shares, a decline of 8.7% from the October 31st total of 633,000 shares. Based on an average trading volume of 164,500 shares, the days-to-cover ratio is currently 3.5 days. Currently, 1.4% of the company's shares are sold short.
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The company is scheduled to release its next quarterly earnings announcement on Wednesday, February 15th 2023.
View our BCOV earnings forecast.

Brightcove Inc. (NASDAQ:BCOV) announced its quarterly earnings results on Wednesday, November, 2nd. The software maker reported $0.05 earnings per share for the quarter, beating the consensus estimate of $0.03 by $0.02. The software maker earned $53.90 million during the quarter, compared to analyst estimates of $52.50 million. Brightcove had a positive trailing twelve-month return on equity of 1.91% and a negative net margin of 1.49%. The firm's quarterly revenue was up 3.3% on a year-over-year basis. During the same period in the prior year, the company posted $0.05 EPS.

Brightcove updated its fourth quarter 2022 earnings guidance on Wednesday, November, 9th. The company provided earnings per share (EPS) guidance of -$0.03-0 for the period, compared to the consensus EPS estimate of $0.05. The company issued revenue guidance of $49.20 million-$50.20 million, compared to the consensus revenue estimate of $53.20 million.

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.

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 Ampio Pharmaceuticals (AMPE).

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

Brightcove's stock is owned by many different institutional and retail investors. Top institutional investors include Trigran Investments Inc. (15.69%), Edenbrook Capital LLC (12.55%), Vanguard Group Inc. (6.62%), BlackRock Inc. (6.02%), Lynrock Lake LP (5.81%) and Federated Hermes Inc. (5.74%). Insiders that own company stock include David Plotkin, Edenbrook Capital, Llc, Jeff Ray, Ritcha Ranjan, Thomas E Wheeler and Tsedal Neeley.
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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.
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One share of BCOV stock can currently be purchased for approximately $5.25.

Brightcove (NASDAQ:BCOV) has a market capitalization of $220.88 million and generates $211.09 million in revenue each year. The software maker earns $5.40 million in net income (profit) each year or ($0.08) on an earnings per share basis.

The company employs 678 workers across the globe.

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 (888) 882-1880, via email at investorrelations@brightcove.com, or via fax at 617-261-4830.