The stock of Brightcove Inc (NASDAQ:BCOV) is a huge mover today! About 134,475 shares traded hands. Brightcove Inc (NASDAQ:BCOV) has risen 105.69% since March 7, 2016 and is uptrending. It has outperformed by 98.10% the S&P500.
The move comes after 8 months positive chart setup for the $427.06 million company. It was reported on Oct, 10 by Barchart.com. We have $39.04 PT which if reached, will make NASDAQ:BCOV worth $837.04M more.
Analysts await Brightcove Inc (NASDAQ:BCOV) to report earnings on November, 3. They expect $-0.03 earnings per share, down 200.00% or $0.02 from last year’s $-0.01 per share. After $-0.05 actual earnings per share 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. The rating was maintained by Dougherty & Company with “Buy” on Tuesday, September 6. Stifel Nicolaus maintained the shares of BCOV in a report on Friday, July 31 with “Buy” rating. The stock has “Buy” rating given by Ladenburg Thalmann on Tuesday, March 22.
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 Q2 2016. Its down 0.36, from 1.51 in 2016Q1. The ratio dived, 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.
Northern Tru accumulated 350,938 shares or 0% of the stock. G2 Investment Prtnrs Mngmt Ltd Company holds 0.76% of its portfolio in Brightcove Inc (NASDAQ:BCOV) for 186,992 shares. American Intl Grp Inc reported 17,248 shares or 0% of all its holdings. Blackrock Gru Ltd accumulated 0% or 15,569 shares. Credit Suisse Ag holds 50,577 shares or 0% of its portfolio. Millrace Asset Grp accumulated 258,000 shares or 3.7% of the stock. The Oregon-based Hood River Cap Mngmt Ltd Llc has invested 0.1% in Brightcove Inc (NASDAQ:BCOV). Pnc Fincl Grp Incorporated has 0% invested in the company for 198 shares. Millennium Management Lc last reported 0% of its portfolio in the stock. Acadian Asset Management Ltd Liability accumulated 779,633 shares or 0.04% of the stock. Concourse Cap Management Limited Liability Corporation accumulated 101,121 shares or 0.55% of the stock. Spark Invest Management last reported 238,700 shares in the company. Cortina Asset Ltd holds 471,006 shares or 0.19% of its portfolio. Bank Of America De holds 0% or 69,911 shares in its portfolio. Mcclain Value Management Lc owns 30,233 shares or 0.23% of their US portfolio.
Insider Transactions: Since August 22, 2016, the stock had 0 insider buys, and 7 insider sales for $6.00 million net activity. $179,286 worth of Brightcove Inc (NASDAQ:BCOV) was sold by RHODES KEVIN R. $252,700 worth of Brightcove Inc (NASDAQ:BCOV) shares were sold by KURNIT SCOTT. 5,000 shares were sold by Stagno Christopher, worth $64,850 on Wednesday, September 7. Another trade for 297,400 shares valued at $3.87M was made by Kapoor Chet on Tuesday, September 6.
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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