A number of other brokerages have also issued reports on BCOV. Zacks Investment Research lowered Brightcove from a strong-buy rating to a hold rating in a research note on Tuesday, October 29th. ValuEngine lowered Brightcove from a hold rating to a sell rating in a research note on Thursday. Northland Securities reaffirmed a buy rating and set a $14.00 price target on shares of Brightcove in a research note on Thursday, October 24th. Finally, B. Riley reaffirmed a buy rating on shares of Brightcove in a research note on Tuesday, July 23rd. Two analysts have rated the stock with a sell rating, one has assigned a hold rating and two have assigned a buy rating to the company. The company currently has a consensus rating of Hold and an average price target of $12.33.
NASDAQ BCOV traded up $0.04 on Friday, reaching $9.25. 77,100 shares of the stock traded hands, compared to its average volume of 149,053. The firm’s fifty day simple moving average is $9.81 and its 200 day simple moving average is $10.68. The company has a quick ratio of 0.78, a current ratio of 0.78 and a debt-to-equity ratio of 0.14. The company has a market cap of $360.85 million, a price-to-earnings ratio of -34.26 and a beta of 0.77. Brightcove has a 12 month low of $6.88 and a 12 month high of $12.88.
Several institutional investors and hedge funds have recently added to or reduced their stakes in BCOV. Bank of Montreal Can boosted its stake in shares of Brightcove by 204.3% during the 2nd quarter. Bank of Montreal Can now owns 4,789 shares of the software maker’s stock worth $49,000 after acquiring an additional 3,215 shares in the last quarter. Marshall Wace North America L.P. bought a new stake in shares of Brightcove during the 1st quarter worth $74,000. Cadence Capital Management LLC bought a new stake in shares of Brightcove during the 3rd quarter worth $139,000. A.R.T. Advisors LLC bought a new stake in shares of Brightcove during the 2nd quarter worth $142,000. Finally, Russell Investments Group Ltd. boosted its stake in shares of Brightcove by 192.4% during the 3rd quarter. Russell Investments Group Ltd. now owns 25,729 shares of the software maker’s stock worth $270,000 after acquiring an additional 16,929 shares in the last quarter. 77.06% of the stock is owned by institutional investors and hedge funds.
Brightcove Inc provides cloud-based services for video. It offers Video Cloud, an online video platform that enables its customers to publish and distribute video to Internet-connected devices. The company also provides Zencoder, a cloud-based video encoding service for file support, quality and control, speed and reliability, platform and security, and account and integration; SSAI, a cloud-based ad insertion and video stitching service; and Player, a cloud-based service for creating and managing video player experiences.
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