Shares of Brightcove Inc. (NASDAQ:BCOV) have earned an average rating of “Buy” from the six ratings firms that are covering the firm, Marketbeat reports. One analyst has rated the stock with a hold recommendation and four have given a buy recommendation to the company. The average 1 year target price among brokerages that have covered the stock in the last year is $21.67.
A number of brokerages have commented on BCOV. Zacks Investment Research downgraded Brightcove from a “buy” rating to a “hold” rating in a research note on Tuesday, May 4th. B. Riley restated a “buy” rating and issued a $22.00 target price on shares of Brightcove in a research note on Friday, January 29th. Lake Street Capital lifted their target price on Brightcove from $20.00 to $27.00 and gave the company a “buy” rating in a research note on Thursday, February 18th. Finally, Northland Securities reiterated a “buy” rating on shares of Brightcove in a research report on Thursday, March 11th.
NASDAQ:BCOV opened at $13.72 on Monday. The company has a market capitalization of $553.59 million, a price-to-earnings ratio of -37.08, a price-to-earnings-growth ratio of 10.13 and a beta of 0.91. Brightcove has a one year low of $7.43 and a one year high of $25.26. The stock has a 50-day simple moving average of $18.72 and a 200 day simple moving average of $18.14. The company has a debt-to-equity ratio of 0.07, a quick ratio of 0.84 and a current ratio of 0.84.
In related news, insider David Plotkin sold 27,027 shares of the business’s stock in a transaction that occurred on Friday, March 26th. The stock was sold at an average price of $20.67, for a total transaction of $558,648.09. Following the sale, the insider now owns 134,834 shares of the company’s stock, valued at $2,787,018.78. The sale was disclosed in a filing with the SEC, which is available through the SEC website. Also, Director Tsedal Neeley bought 2,000 shares of the company’s stock in a transaction that occurred on Friday, March 12th. The shares were purchased at an average cost of $22.11 per share, for a total transaction of $44,220.00. 2.30% of the stock is owned by insiders.
Large investors have recently made changes to their positions in the stock. Lazard Asset Management LLC bought a new stake in Brightcove during the first quarter worth approximately $37,000. Dorsey Wright & Associates increased its holdings in shares of Brightcove by 134.6% in the first quarter. Dorsey Wright & Associates now owns 1,940 shares of the software maker’s stock valued at $39,000 after buying an additional 1,113 shares in the last quarter. Altshuler Shaham Ltd bought a new position in shares of Brightcove in the first quarter valued at $57,000. Marshall Wace North America L.P. bought a new position in shares of Brightcove in the first quarter valued at $74,000. Finally, Meeder Asset Management Inc. bought a new position in shares of Brightcove in the first quarter valued at $80,000. 84.46% of the stock is currently owned by hedge funds and other institutional investors.
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 mobile, web, and smart and connected TVs; Brightcove Player, a video player technology with a cloud-based service for creating and managing video player experiences; and Zencoder, a cloud-based video encoding service.
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