NASDAQ:BCOV

Brightcove - BCOV Stock Forecast, Price & News

$5.57

0.00 (0.00%)

(As of 11/25/2022 12:00 AM ET)

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Today's Range: $5.44
▼
$5.61
50-Day Range: $5.20
▼
$6.77
52-Week Range: $5.17
▼
$10.52

Volume: 15,890 shs
Average Volume: 173,468 shs
Market Capitalization: $234.34 million

P/E Ratio: N/A
Dividend Yield: N/A
Price Target: $8.50

Brightcove MarketRank™ Forecast

Analyst Rating: Hold
2.00 Rating Score
Upside/Downside: 52.6% Upside
$8.50 Price Target
Short Interest: Healthy
1.58% of Float Sold Short
Dividend Strength: N/A
Sustainability: -0.54
Upright™ Environmental Score
News Sentiment: 0.75
Based on 2 Articles This Week
Insider Trading: Acquiring Shares
$2.26 M Bought Last Quarter
Proj. Earnings Growth: Decreasing
From ($0.10) to ($0.22) Per Share

Overall MarketRank^™

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

2.28 out of 5 stars

Computer And Technology Sector

262nd out of 632 stocks

Data Processing & Preparation Industry

22nd out of 74 stocks

3.0

Analyst's Opinion

Consensus Rating
Brightcove has received a consensus rating of Hold. The company's average rating score is 2.00, and is based on no buy ratings, 2 hold ratings, and no sell ratings.
Price Target Upside/Downside
According to analysts' consensus price target of $8.50, Brightcove has a forecasted upside of 52.6% from its current price of $5.57.
Amount of Analyst Coverage
Brightcove has only been the subject of 1 research reports in the past 90 days.

4.0

Short Interest

Percentage of Shares Shorted
1.58% of the float of Brightcove has been sold short.
Short Interest Ratio / Days to Cover
Brightcove has a short interest ratio ("days to cover") of 4.5.
Change versus previous month
Short interest in Brightcove has recently decreased by 14.62%, indicating that investor sentiment is improving significantly.

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.

3.3

Sustainability and ESG

Overall ESG (Environmental, Social, and Governance) Score
Brightcove has received a 36.54% 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 -0.54.

3.2

News and Social Media Coverage

News Sentiment
Brightcove has a news sentiment score of 0.75. 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 0.47 average news sentiment score of Computer and Technology companies.
News Coverage This Week
MarketBeat has tracked 2 news articles for Brightcove this week, compared to 2 articles on an average week.
Search Interest
1 people have searched for BCOV on MarketBeat in the last 30 days.
MarketBeat Follows
1 people have added Brightcove to their MarketBeat watchlist in the last 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 $2,259,998.00 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
86.21% 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

Earnings Growth
Earnings for Brightcove are expected to decrease in the coming year, from ($0.10) to ($0.22) per share.
Price to Earnings Ratio vs. the Market
The P/E ratio of Brightcove is -69.63, 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 -69.63, 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 2.26. 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 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.

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BCOV Stock News Headlines

November 19, 2022 | americanbankingnews.com

Brightcove Inc. (NASDAQ:BCOV) Major Shareholder Edenbrook Capital, Llc Purchases 37,193 Shares

November 18, 2022 | americanbankingnews.com

Edenbrook Capital, Llc Buys 20,688 Shares of Brightcove Inc. (NASDAQ:BCOV) Stock

November 8, 2022 | finance.yahoo.com

Seismic shift in global streaming predicted as ‘Producer Economy’ emerges

November 3, 2022 | finance.yahoo.com

Siân Heder of CODA and Billy Eichner of Bros to Headline Brightcove’s PLAY Season 1

November 2, 2022 | finance.yahoo.com

Brightcove Announces Financial Results for Third Quarter Fiscal Year 2022

November 2, 2022 | finance.yahoo.com

Brightcove (BCOV) Q3 Earnings and Revenues Surpass Estimates

October 27, 2022 | finance.yahoo.com

Brightcove to Host Virtual Investor Presentation

October 26, 2022 | tmcnet.com

TransPerfect Debuts MediaNEXT Integration for Brightcove

October 25, 2022 | nasdaq.com

Institutional investors own a significant stake of 48% in Brightcove Inc. (NASDAQ:BCOV)

October 19, 2022 | finance.yahoo.com

Brightcove Announces Date of Third Quarter Fiscal Year 2022 Results and Earnings Live Stream

October 17, 2022 | finance.yahoo.com

Returns At Brightcove (NASDAQ:BCOV) Are On The Way Up

September 29, 2022 | benzinga.com

Insights on the Video Streaming Global Market to 2028 - Rising Number of Devices Capable of Supporting Di - Benzinga

September 29, 2022 | reuters.com

BCOV.O - Brightcove Inc | Stock Price & Latest News | Reuters

September 24, 2022 | streetinsider.com

Form SC 13D/A BRIGHTCOVE INC Filed by: Edenbrook Capital, LLC - StreetInsider.com

September 8, 2022 | bizjournals.com

Kopin CEO news: Michael Murray succeeds John Fan - The Business Journals

September 7, 2022 | globenewswire.com

Evergent Announces Expanded Partnership with Brightcove to Support Brightcove's OTT Solution with Agile Monetization - GlobeNewswire

September 6, 2022 | finance.yahoo.com

Evergent Announces Expanded Partnership with Brightcove to Support Brightcove’s OTT Solution with Agile Monetization

September 5, 2022 | finance.yahoo.com

USD 180+ Bn Global Video Streaming Market Size is Expected to Grow at a CAGR of over 20.7% During 2022-2028 | Vantage Market Research - Yahoo Finance

September 5, 2022 | globenewswire.com

USD 180+ Bn Global Video Streaming Market Size is Expected to Grow at a CAGR of over 20.7% During 2022-2028 | Vantage Market Research - GlobeNewswire

September 2, 2022 | reuters.com

BCOV.OQ - Brightcove Inc | Stock Price & Latest News | Reuters

August 30, 2022 | benzinga.com

The Global Video Streaming Market grew USD 106.47 billion by 2027, at a CAGR of 14.23%. - Benzinga

August 29, 2022 | businesswire.com

Global Cloud TV Market Research Report to 2027 - Featuring ActiveVideo, Amagi and Brightcove Among Others - ResearchAndMarkets.com - Business Wire

August 26, 2022 | stocknews.com

Micro-Cap Stock Adds Marketing Support for Snapchat, Should You Buy?

August 24, 2022 | finance.yahoo.com

Brightcove Inc. (NASDAQ:BCOV) has caught the attention of hedge funds investors who hold a sizeable 44% stake

August 24, 2022 | benzinga.com

Over-The-Top (OTT) Platform Market Worth USD 1375.45 million by 2027 | Global Opportunities, Challenges, - Benzinga

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30 days | 90 days | 365 days | Advanced Chart

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BCOV Company Calendar

Last Earnings: 11/02/2022
Today: 11/25/2022
Fiscal Year End: 12/31/2022
Next Earnings (Estimated): 2/15/2023

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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: (888) 882-1880
Fax: 617-261-4830
Employees: 678
Year Founded: N/A

Price Target and Rating

Average Stock Price Forecast: $8.50
High Stock Price Forecast: $9.00
Low Stock Price Forecast: $8.00
Forecasted Upside/Downside: +52.6%
Consensus Rating: Hold
Rating Score (0-4): 2.00
Research Coverage: 2 Analysts

Profitability

EPS (Most Recent Fiscal Year): ($0.08)
Trailing P/E Ratio: N/A
Forward P/E Ratio: N/A
P/E Growth: N/A
Net Income: $5.40 million
Net Margins: -1.49%
Pretax Margin: -1.54%
Return on Equity: 1.91%
Return on Assets: 0.85%

Debt

Debt-to-Equity Ratio: N/A
Current Ratio: 0.78
Quick Ratio: 0.78

Sales & Book Value

Annual Sales: $211.09 million
Price / Sales: 1.11
Cash Flow: $0.37 per share
Price / Cash Flow: 15.13
Book Value: $2.46 per share
Price / Book: 2.26

Miscellaneous

Outstanding Shares: 42,072,000
Free Float: 40,515,000
Market Cap: $234.34 million
Optionable: Optionable
Beta: 0.68

Key Executives

Mr. Robert Noreck (Age 46)
Exec. VP, CFO & Principal Accounting Officer
Comp: $560.57k

Mr. David Plotkin (Age 54)
Chief Legal Officer
Comp: $492.48k

Mr. Jeff Ray (Age 67)
Advisor to Chief Exec. Officer
Comp: $834.71k

Mr. Marc DeBevoise (Age 45)
CEO & Director

Sara Griggs
VP of Corp. Communications

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

Ms. Jennifer Smith (Age 46)
Chief Marketing Officer

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

Ms. Trisha Stiles
Chief People Officer

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

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 equities research analysts have issued "buy," "hold," and "sell" ratings for Brightcove in the last year. There are currently 2 hold ratings for the stock. The consensus among Wall Street equities 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.
View BCOV analyst ratings or view top-rated stocks.
What is Brightcove's stock price forecast for 2023?: 2 analysts have issued 12 month target prices for Brightcove's shares. 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 year. This suggests a possible upside of 52.6% 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 2022?: Brightcove's stock was trading at $10.22 at the start of the year. Since then, BCOV stock has decreased by 45.5% and is now trading at $5.57.
View the best growth stocks for 2022 here.
When is Brightcove's next earnings date?: The company is scheduled to release its next quarterly earnings announcement on Wednesday, February 15th 2023.
View our BCOV earnings forecast.
How were Brightcove's earnings last quarter?: Brightcove Inc. (NASDAQ:BCOV) announced its quarterly earnings data on Wednesday, November, 2nd. The software maker reported $0.05 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $0.03 by $0.02. The software maker earned $53.90 million during the quarter, compared to the consensus estimate 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%. Brightcove's quarterly revenue was up 3.3% compared to the same quarter last year. During the same period in the prior year, the company earned $0.05 earnings per share.
What guidance has Brightcove issued on next quarter's earnings?: Brightcove updated its fourth quarter 2022 earnings guidance on Wednesday, November, 9th. The company provided earnings per share guidance of -$0.03-0 for the period, compared to the consensus earnings per share 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.

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 Ampio Pharmaceuticals (AMPE).
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 many different retail and institutional 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.
View institutional ownership trends.
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 $5.57.
How much money does Brightcove make?: Brightcove (NASDAQ:BCOV) has a market capitalization of $234.34 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.
How many employees does Brightcove have?: The company employs 678 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 (888) 882-1880, via email at investorrelations@brightcove.com, or via fax at 617-261-4830.

This page (NASDAQ:BCOV) was last updated on 11/26/2022 by MarketBeat.com Staff

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Brightcove - BCOV Stock Forecast, Price & News

Brightcove MarketRank™ Forecast

Overall MarketRank™