Brightcove (NASDAQ:BCOV – Get Rating) issued its quarterly earnings results on Wednesday. The software maker reported $0.10 EPS for the quarter, beating the Zacks’ consensus estimate of $0.04 by $0.06, MarketWatch Earnings reports. Brightcove had a net margin of 2.56% and a return on equity of 7.40%. During the same quarter in the previous year, the company earned $0.10 EPS. Brightcove updated its Q2 guidance to $0.04-0.06 EPS and its FY22 guidance to $0.20-0.29 EPS.
BCOV stock opened at $7.17 on Friday. The stock has a market capitalization of $297.76 million, a PE ratio of 55.31 and a beta of 0.77. The company’s 50-day moving average is $7.42 and its 200-day moving average is $9.10. Brightcove has a 1 year low of $6.52 and a 1 year high of $16.87.
In other Brightcove news, major shareholder Edenbrook Capital, Llc bought 4,900 shares of the stock in a transaction that occurred on Wednesday, April 27th. The shares were bought at an average price of $6.62 per share, for a total transaction of $32,438.00. Following the acquisition, the insider now directly owns 4,732,619 shares of the company’s stock, valued at approximately $31,329,937.78. The acquisition was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, Director Thomas E. Wheeler bought 6,200 shares of the stock in a transaction that occurred on Thursday, February 17th. The stock was acquired at an average price of $7.90 per share, for a total transaction of $48,980.00. The disclosure for this purchase can be found here. Insiders have bought a total of 18,100 shares of company stock worth $130,768 in the last three months. Insiders own 3.70% of the company’s stock.
A number of analysts have commented on the stock. StockNews.com cut shares of Brightcove from a “buy” rating to a “hold” rating in a research report on Thursday. Zacks Investment Research raised shares of Brightcove from a “sell” rating to a “hold” rating in a research report on Tuesday, March 1st. Finally, Lake Street Capital reaffirmed a “hold” rating and set a $9.00 price target (down previously from $14.00) on shares of Brightcove in a research report on Thursday, February 17th. Four equities research analysts have rated the stock with a hold rating and one has issued a buy rating to the company’s stock. Based on data from MarketBeat.com, the stock presently has a consensus rating of “Hold” and an average price target of $19.50.
Brightcove Company Profile (Get Rating)
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 multiple monetization models; Brightcove Player, a video player technology with a cloud-based service for creating and managing experiences; and Zencoder, a cloud-based video encoding technology.
- Get a free copy of the StockNews.com research report on Brightcove (BCOV)
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