Brightcove Inc (BCOV) is Reiterated by Dougherty & Company to Buy, Raises Price Target to $ 16

Brightcove Inc (BCOV) was Reiterated by Dougherty & Company to “Buy” according to the research note released today. The brokerage firm has raised the Price Target to $ 16 from a previous price target of $13 . Dougherty & Company advised their investors in a research report released on Sep 6, 2016.

Many Wall Street Analysts have commented on Brightcove Inc. Company shares were Reiterated by Dougherty & Company on Jul 29, 2016 to “Buy”, Firm has raised the Price Target to $ 13 from a previous price target of $10.50 .Dougherty & Company Upgraded Brightcove Inc on Jun 16, 2016 to ” Buy”, Price Target of the shares are set at $10.50.

On the company’s financial health, Brightcove Inc reported $-0.01 EPS for the quarter, based on the information available during the earnings call on Jul 28, 2016. Analyst had a consensus estimate of $-0.01. The company had revenue of $36.96 million for the quarter, compared to analysts expectations of $36.07 million. The company’s revenue was up 12.5% compared to the same quarter last year. During the same quarter in the previous year, the company posted $-0.04 EPS.

Brightcove Inc opened for trading at $12.75 and hit $13.06 on the upside on Thursday, eventually ending the session at $13.02, with a gain of 1.01% or 0.13 points. The heightened volatility saw the trading volume jump to 4,87,389 shares. Company has a market cap of $431 M.

In a different news, on Aug 29, 2016, Scott Kurnit (director) sold 100,000 shares at $11.98 per share price. According to the SEC, on Aug 23, 2016, Kevin R Rhodes (CHIEF FINANCIAL OFFICER) sold 15,092 shares at $11.88 per share price. On May 21, 2015, Jeremy Allaire (director) sold 40,000 shares at $7.18 per share price, according to the Form-4 filing with the securities and exchange commission.

Brightcove Inc. (Brightcove) is a provider of cloud-based services for video. The Company’s flagship product Brightcove Video Cloud (or) Video Cloud is the online video platform which enables its customers to publish and distribute video to Internet-connected devices. Its other products and services include Brightcove Zencoder (Zencoder) Brightcove Once (Once) Brightcove Gallery (Gallery) Brightcove Perform (Perform) and Brightcove Video Marketing Suite (Video Marketing Suite). Zencoder is a cloud-based video encoding service. Once is a cloud-based ad insertion and video stitching service. Gallery is a cloud-based service that enables customers to create and publish video portals. Perform is a cloud-based service for creating and managing video player experiences. Video Marketing Suite is a suite of video technologies. It provides its solutions to media companies broadcasters brands and corporations as well as Governments educational institutions and non-profit organizations.

Brightcove Inc

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