News headlines about Brightcove (NASDAQ:BCOV) have been trending somewhat positive on Wednesday, Accern reports. The research firm rates the sentiment of press coverage by monitoring more than 20 million news and blog sources in real time. Accern ranks coverage of public companies on a scale of negative one to one, with scores closest to one being the most favorable. Brightcove earned a daily sentiment score of 0.11 on Accern’s scale. Accern also assigned press coverage about the software maker an impact score of 47.0797997146082 out of 100, meaning that recent press coverage is somewhat unlikely to have an impact on the company’s share price in the immediate future.
Shares of BCOV stock traded down $0.03 during trading hours on Wednesday, reaching $8.10. 2,329 shares of the company’s stock were exchanged, compared to its average volume of 153,190. Brightcove has a fifty-two week low of $6.30 and a fifty-two week high of $10.75. The firm has a market cap of $294.53 million, a PE ratio of -16.88 and a beta of 1.54.
Brightcove (NASDAQ:BCOV) last issued its quarterly earnings results on Thursday, July 26th. The software maker reported ($0.07) EPS for the quarter, missing analysts’ consensus estimates of ($0.06) by ($0.01). The business had revenue of $41.70 million for the quarter, compared to analyst estimates of $41.63 million. Brightcove had a negative return on equity of 15.19% and a negative net margin of 9.04%. The firm’s quarterly revenue was up 7.5% compared to the same quarter last year. During the same quarter last year, the firm earned ($0.16) earnings per share. equities analysts expect that Brightcove will post -0.31 EPS for the current fiscal year.
Several research firms recently weighed in on BCOV. BidaskClub lowered Brightcove from a “hold” rating to a “sell” rating in a report on Thursday, July 12th. ValuEngine lowered Brightcove from a “buy” rating to a “hold” rating in a report on Wednesday, August 8th. Stifel Nicolaus upped their price target on Brightcove from $11.00 to $13.00 and gave the stock a “buy” rating in a report on Tuesday, May 22nd. LADENBURG THALM/SH SH reiterated a “buy” rating and set a $13.00 price target on shares of Brightcove in a report on Wednesday, June 6th. Finally, Dougherty & Co upped their price target on Brightcove from $11.00 to $14.00 and gave the stock a “buy” rating in a report on Thursday, May 17th. Two research analysts have rated the stock with a sell rating, two have issued a hold rating and four have issued a buy rating to the stock. The stock has a consensus rating of “Hold” and an average price target of $11.05.
In other news, CEO Jeff Ray acquired 20,000 shares of the stock in a transaction dated Tuesday, August 14th. The shares were acquired at an average cost of $8.09 per share, for a total transaction of $161,800.00. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Insiders own 4.90% of the company’s stock.
Brightcove Inc provides cloud-based services for video. The company offers Video Cloud, an online video platform that enables its customers to publish and distribute video to Internet-connected devices. Its Video Cloud platform offers various features and functionalities, such as uploading and encoding, content management, video player technology, multi-platform video experiences, live video streaming, distribution and syndication, social media, advertising and monetization, and analytics, as well as APIs, SDKs, and developer resources.
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