Stock of the Day: Could Brightcove Inc See a Reversal After This Very Weak Session?

Stock of the Day: Could Brightcove Inc See a Reversal After This Very Weak Session?

The stock of Brightcove Inc (NASDAQ:BCOV) is a huge mover today! The stock decreased 2.28% or $0.31 during the last trading session, hitting $13.29. About 389,693 shares traded hands or 4.65% up from the average. Brightcove Inc (NASDAQ:BCOV) has risen 122.59% since March 2, 2016 and is uptrending. It has outperformed by 114.33% the S&P500.
The move comes after 8 months negative chart setup for the $449.74M company. It was reported on Oct, 6 by We have $11.70 PT which if reached, will make NASDAQ:BCOV worth $53.97 million less.

Analysts await Brightcove Inc (NASDAQ:BCOV) to report earnings on November, 3. They expect $-0.03 EPS, down 200.00% or $0.02 from last year’s $-0.01 per share. After $-0.05 actual EPS reported by Brightcove Inc for the previous quarter, Wall Street now forecasts -40.00% EPS growth.

Brightcove Inc (NASDAQ:BCOV) Ratings Coverage

Out of 3 analysts covering Brightcove (NASDAQ:BCOV), 3 rate it a “Buy”, 0 “Sell”, while 0 “Hold”. This means 100% are positive. Brightcove has been the topic of 3 analyst reports since July 31, 2015 according to StockzIntelligence Inc. Ladenburg Thalmann initiated the shares of BCOV in a report on Tuesday, March 22 with “Buy” rating. The rating was maintained by Stifel Nicolaus on Friday, July 31 with “Buy”. The rating was maintained by Dougherty & Company with “Buy” on Tuesday, September 6.

According to Zacks Investment Research, “Brightcove Inc. is engaged in providing cloud content services for publishing and distributing professional digital media. Its products include Brightcove Video Cloud, an online video platform and Brightcove App Cloud, a software application development and management platform. The Company provides its solutions to media, retail, technology, financial services companies, governments, educational institutions, and non-profit organizations in North America, Europe, and the Asia Pacific. Brightcove Inc. is headquartered in Cambridge, Massachusetts.”

Insitutional Activity: The institutional sentiment decreased to 1.15 in 2016 Q2. Its down 0.36, from 1.51 in 2016Q1. The ratio turned negative, as 9 funds sold all Brightcove Inc shares owned while 31 reduced positions. 15 funds bought stakes while 31 increased positions. They now own 17.75 million shares or 12.68% less from 20.33 million shares in 2016Q1.
Strs Ohio owns 24,900 shares or 0% of their US portfolio. Gsa Llp last reported 0.06% of its portfolio in the stock. Frontier Mngmt Communication Limited Co, a Massachusetts-based fund reported 2.43 million shares. Raymond James Fincl Svcs holds 0% of its portfolio in Brightcove Inc (NASDAQ:BCOV) for 14,700 shares. Thompson Davis Com has 7,250 shares for 0.1% of their US portfolio. Moreover, Bogle Management L P De has 0.09% invested in Brightcove Inc (NASDAQ:BCOV) for 147,400 shares. Concourse Cap Mngmt Limited last reported 0.55% of its portfolio in the stock. Moreover, D E Shaw Co Inc has 0.01% invested in Brightcove Inc (NASDAQ:BCOV) for 355,729 shares. Schwab Charles Inv Incorporated last reported 49,900 shares in the company. Gru One Trading L P last reported 0% of its portfolio in the stock. Menta Cap Limited Liability Company, a California-based fund reported 84,420 shares. Citadel Advisors Limited Liability Com accumulated 0% or 56,469 shares. Qs Lc has 0% invested in the company for 35,500 shares. The New Jersey-based Jacobs Levy Equity Mgmt Incorporated has invested 0.02% in Brightcove Inc (NASDAQ:BCOV). Goldman Sachs Grp accumulated 0% or 56,682 shares.

Insider Transactions: Since August 22, 2016, the stock had 0 insider purchases, and 7 selling transactions for $6.00 million net activity. Another trade for 5,700 shares valued at $70,036 was made by Kapoor Chet on Friday, September 9. $252,700 worth of Brightcove Inc (NASDAQ:BCOV) was sold by KURNIT SCOTT on Thursday, September 8. RHODES KEVIN R had sold 15,092 shares worth $179,286 on Monday, August 22. Stagno Christopher sold $64,850 worth of stock or 5,000 shares.

BCOV Company Profile

Brightcove Inc., incorporated on August 24, 2004, is a well-known provider of cloud services for video. The Company’s flagship product is Brightcove Video Cloud (Video Cloud), an online video platform. The Company’s other services and products include Brightcove Zencoder (Zencoder), Brightcove Once (Once), Brightcove Gallery (Gallery), Brightcove Perform (Perform), Brightcove Video Marketing Suite (Video Marketing Suite) and Brightcove Lift (Lift). The Firm provides its solutions to media companies, broadcasters, publishers, brands and firms, as well as governments, educational institutions and non-profit organizations. The Firm operates data center facilities in the greater Boston area, the greater Chicago area, Phoenix and Amsterdam, and also uses third-party cloud computing platforms. It operates its own servers for systems that manage meta-data, business rules and archival storage of media assets.

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