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 $ 13 from a previous price target of $10.50 . Dougherty & Company advised their investors in a research report released on Jul 29, 2016.
Many Wall Street Analysts have commented on Brightcove Inc. 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 $9.63 and hit $9.78 on the upside on Thursday, eventually ending the session at $9.7, with a gain of 0.31% or 0.03 points. The heightened volatility saw the trading volume jump to 1,83,612 shares. Company has a market cap of $318 M.
In a different news, on May 21, 2015, Jeremy Allaire (director) sold 40,000 shares at $7.18 per share price. According to the SEC, on May 14, 2015, Andrew Feinberg (CHIEF LEGAL OFFICER) sold 1,973 shares at $6.97 per share price. On May 14, 2015, David R Mendels (CHIEF EXECUTIVE OFFICER) sold 2,128 shares at $6.97 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.