Brightcove (BCOV) Stock Price, News & Analysis

Company Overview

Brightcove Inc. provides cloud-based streaming services the Americas, Europe, the Asia Pacific, Japan, India, and the Middle East. It offers Video Cloud, an online video streaming platform that enables its customers to publish, deliver, and distribute high-quality video to internet-connected devices. The company's solutions and products comprise Brightcove Marketing Studio, a video streaming solution; Brightcove Communications Studio for marketers and corporate communications professionals; Brightcove Media Studio, a solution for over-the-top (OTT) video services, media publishers, and leading broadcasters to monetize their media, live stream at scale, and nurture their audience lifecycle; Brightcove Audience Insights, a customer data platform for video streaming businesses; Zencoder, a cloud-based video encoding service; and Brightcove Beacon, a platform that enables its customers to launch premium OTT video streaming experiences, as well as Brightcove Marketplace. It also provides ad monetization; professional; customer success, support, and documentation; online and onsite training; and video.js and developer solutions. The company serves media companies, broadcasters, digital publishers, sports and entertainment companies, fashion and hospitality brands, faith-based institutions, retail and e-commerce businesses, and technology organizations, as well as government agencies, educational institutions, and non-profit organizations. Brightcove Inc. was incorporated in 2004 and is headquartered in Boston, Massachusetts.

Key Stats

• Today's Range: $2.08 to $2.18
• 50-Day Range: $1.99 to $2.42
• 52-Week Range: $1.55 to $3.10
• Volume: 27,762 shs
• Average Volume: 227,746 shs
• Market Capitalization: $96.30 million
• P/E Ratio: N/A
• Dividend Yield: N/A
• Price Target: $4.00
• Consensus Rating: Moderate Buy

Brightcove Stock Analysis - MarketRank™

Brightcove scored higher than 85% of companies evaluated by MarketBeat, and ranked 127th out of 670 stocks in the computer and technology sector. Scores are calculated by averaging available category scores, with extra weight given to analysis and valuation.

Analyst's Opinion

• Score: 3.3 / 5
• Analyst Rating: Moderate Buy

Consensus Rating

Brightcove has received a consensus rating of Moderate Buy. The company's average rating score is 2.50, and is based on 1 buy rating, 1 hold rating, and no sell ratings.

Amount of Analyst Coverage

Brightcove has received no research coverage in the past 90 days.

Earnings and Valuation

• Score: 0.0 / 5
• Proj. Earnings Growth: N/A

Price to Earnings Ratio vs. the Market

The P/E ratio of Brightcove is -10.80, 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 -10.80, 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 1.00. P/B Ratios below 3 indicates that a company is reasonably valued with respect to its assets and liabilities.

Short Interest

• Score: 3.0 / 5
• Short Interest Level: Healthy

Percentage of Shares Shorted

0.68% of the outstanding shares of Brightcove have been sold short.

Short Interest Ratio / Days to Cover

Brightcove has a short interest ratio ("days to cover") of 2, which is generally considered an acceptable ratio of short interest to trading volume.

Change versus previous month

Short interest in Brightcove has recently increased by 86.37%, indicating that investor sentiment is decreasing significantly.

Dividend

• Score: 0.0 / 5
• Dividend Strength: N/A

Dividend Yield

Brightcove does not currently pay a dividend.

Dividend Growth

Brightcove does not have a long track record of dividend growth.

Sustainability and ESG

• Score: 3.8 / 5
• Environmental Score: -0.60

Percentage of Shares Shorted

0.68% of the outstanding shares of Brightcove have been sold short.

Short Interest Ratio / Days to Cover

Brightcove has a short interest ratio ("days to cover") of 2, which is generally considered an acceptable ratio of short interest to trading volume.

Change versus previous month

Short interest in Brightcove has recently increased by 86.37%, indicating that investor sentiment is decreasing significantly.

News and Social Media

• Score: 3.3 / 5
• News Sentiment: 0.90

News Sentiment

Brightcove has a news sentiment score of 0.90. 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 0.55 average news sentiment score of Computer and Technology companies.

News Coverage This Week

MarketBeat has tracked 7 news articles for Brightcove this week, compared to 2 articles on an average week.

MarketBeat Follows

3 people have added Brightcove to their MarketBeat watchlist in the last 30 days.

Company Ownership

• Score: 3.3 / 5
• Insider Trading: Acquiring Shares

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 $200,689.00 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

80.12% of the stock of Brightcove is held by institutions. High institutional ownership can be a signal of strong market trust in this company.

BCOV Stock Analysis - Frequently Asked Questions

How have BCOV shares performed this year?

Brightcove's stock was trading at $2.59 at the start of the year. Since then, BCOV shares have decreased by 16.6% and is now trading at $2.16.
View the best growth stocks for 2024 here.

How were Brightcove's earnings last quarter?

Brightcove Inc. (NASDAQ:BCOV) issued its earnings results on Wednesday, August, 7th. The software maker reported ($0.09) EPS for the quarter, topping analysts' consensus estimates of ($0.10) by $0.01. The software maker had revenue of $49.25 million for the quarter. Brightcove had a negative trailing twelve-month return on equity of 8.86% and a negative net margin of 4.28%.

Who are Brightcove's major shareholders?

Top institutional shareholders of Brightcove include P.A.W. Capital Corp (0.56%). Insiders that own company stock include Edenbrook Capital, Llc, Marc Debevoise, Kristin E Frank, Ritcha Ranjan, Thomas E Wheeler and Jeff Ray.
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 Charles Schwab, E*TRADE, Fidelity, and Vanguard Brokerage Services.
Compare Top Brokerages Here.

What other stocks do shareholders of Brightcove own?

Based on aggregate information from My MarketBeat watchlists, some other companies that Brightcove investors own include NVIDIA (NVDA), Advanced Micro Devices (AMD), PayPal (PYPL), Micron Technology (MU), Meta Platforms (META), Salesforce (CRM) and Adobe (ADBE).

Company Calendar

• Last Earnings: 8/07/2024
• Today: 10/31/2024
• Next Earnings (Confirmed): 11/04/2024
• Fiscal Year End: 12/31/2024

Industry, Sector and Symbol

• Stock Exchange: NASDAQ
• Sector: Computer and Technology
• Industry: Data processing & preparation
• Sub-Industry: Internet Software & Services
• Current Symbol: NASDAQ:BCOV
• CUSIP: 10921T10
• CIK: 1313275
• Web: www.brightcove.com
• Phone: (617) 500-4947
• Fax: 617-261-4830
• Employees: 624
• Year Founded: N/A

Price Target and Rating

• Average Stock Price Target: $4.00
• High Stock Price Target: $5.00
• Low Stock Price Target: $3.00
• Potential Upside/Downside: +86.0%
• Consensus Rating: Moderate Buy
• Rating Score (0-4): 2.50
• Research Coverage: 2 Analysts

Profitability

• EPS (Most Recent Fiscal Year): ($0.22)
• Trailing P/E Ratio: N/A
• Forward P/E Ratio: N/A
• P/E Growth: N/A
• Net Income: $-22,890,000.00
• Net Margins: -4.28%
• Pretax Margin: -3.75%
• Return on Equity: -8.86%
• Return on Assets: -3.88%

Debt

• Debt-to-Equity Ratio: N/A
• Current Ratio: 0.73
• Quick Ratio: 0.73

Sales & Book Value

• Annual Sales: $200.86 million
• Price / Sales: 0.48
• Cash Flow: $0.01 per share
• Price / Cash Flow: 144.29
• Book Value: $2.16 per share
• Price / Book: 1.00

Miscellaneous

• Outstanding Shares: 44,582,000
• Free Float: 43,260,000
• Market Cap: $95.85 million
• Optionable: Optionable
• Beta: 0.74