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.
Analysts Set New Price Targets
BCOV has been the topic of several recent research reports. TheStreet lowered shares of Brightcove from a "c" rating to a "d" rating in a report on Friday, April 29th. StockNews.com upgraded shares of Brightcove from a "hold" rating to a "buy" rating in a report on Sunday, May 15th.
Brightcove Stock Performance
NASDAQ:BCOV opened at $6.83 on Friday. The firm has a market cap of $286.18 million, a PE ratio of -113.83 and a beta of 0.75. Brightcove has a one year low of $5.84 and a one year high of $12.55. The firm's fifty day moving average is $6.47 and its two-hundred day moving average is $7.20.
Brightcove (NASDAQ:BCOV - Get Rating) last released its quarterly earnings data on Tuesday, August 2nd. The software maker reported $0.10 EPS for the quarter, topping analysts' consensus estimates of $0.05 by $0.05. Brightcove had a negative net margin of 1.20% and a positive return on equity of 2.63%. During the same quarter in the prior year, the company earned $0.04 EPS. Research analysts predict that Brightcove will post -0.06 earnings per share for the current year.
Insider Activity
In other news, major shareholder Edenbrook Capital, Llc purchased 15,000 shares of the stock in a transaction that occurred on Friday, July 29th. The stock was acquired at an average cost of $5.98 per share, with a total value of $89,700.00. Following the acquisition, the insider now owns 4,844,955 shares in the company, valued at $28,972,830.90. The acquisition was disclosed in a legal filing with the SEC, which is available at the SEC website. In the last 90 days, insiders have acquired 50,748 shares of company stock valued at $323,163. Company insiders own 3.70% of the company's stock.