Breaking: Dougherty & Company Reiterates $14 Target Price On Brightcove (NASDAQ:BCOV) Shares, Reiterates Their Original Buy Rating

May 17, 2018 - By Jeanette Kaplan

Brightcove Inc. (NASDAQ:BCOV) Logo

Investors sentiment increased to 0.94 in 2017 Q4. Its up 0.02, from 0.92 in 2017Q3. It improved, as 7 investors sold Brightcove Inc. shares while 27 reduced holdings. 10 funds opened positions while 22 raised stakes. 19.84 million shares or 1.21% more from 19.60 million shares in 2017Q3 were reported.

Parallax Volatility Advisers Limited Partnership owns 10,103 shares for 0% of their portfolio. International Gp holds 0% of its portfolio in Brightcove Inc. (NASDAQ:BCOV) for 22,849 shares. Trexquant Investment Lp holds 0.02% or 23,640 shares. State Of New Jersey Common Pension Fund D reported 100,000 shares stake. Millennium Ltd Liability Co accumulated 585,845 shares. Panagora Asset Mngmt invested 0.01% of its portfolio in Brightcove Inc. (NASDAQ:BCOV). Moreover, Royal Bankshares Of Canada has 0% invested in Brightcove Inc. (NASDAQ:BCOV) for 425 shares. Ny State Common Retirement Fund has 29,700 shares. Blackrock Incorporated reported 1.97M shares. Georgia-based Invesco Limited has invested 0% in Brightcove Inc. (NASDAQ:BCOV). Sg Americas Ltd stated it has 0% of its portfolio in Brightcove Inc. (NASDAQ:BCOV). Retail Bank Of Montreal Can reported 1,116 shares. Geode Capital Mgmt Ltd Liability has invested 0% in Brightcove Inc. (NASDAQ:BCOV). Mcclain Value Management Lc holds 2.93% or 312,210 shares in its portfolio. 19,990 were reported by Parametric Port Associate Ltd Limited Liability Company.

Brightcove (NASDAQ:BCOV) Rating Reaffirmed

Investment analysts at Dougherty & Company now has a $14 TP on Brightcove (NASDAQ:BCOV). Dougherty & Company and their recent TP would indicate a potential upside of 33.97 % from the company’s last close price. The rating has been disclosed in a note on 17 May.

Brightcove Inc. (NASDAQ:BCOV) Ratings Coverage

Among 2 analysts covering Brightcove Inc (NASDAQ:BCOV), 1 have Buy rating, 0 Sell and 1 Hold. Therefore 50% are positive. Brightcove Inc has $11.0 highest and $7.7 lowest target. $9.35’s average target is -10.53% below currents $10.45 stock price. Brightcove Inc had 2 analyst reports since February 23, 2018 according to SRatingsIntel. Northland Capital maintained the shares of BCOV in report on Friday, February 23 with “Buy” rating.

The stock increased 2.96% or $0.3 during the last trading session, reaching $10.45. About 473,568 shares traded or 76.39% up from the average. Brightcove Inc. (NASDAQ:BCOV) has declined 21.47% since May 18, 2017 and is downtrending. It has underperformed by 33.02% the S&P500.

Analysts await Brightcove Inc. (NASDAQ:BCOV) to report earnings on July, 25. They expect $-0.12 earnings per share, up 40.00 % or $0.08 from last year’s $-0.2 per share. After $-0.04 actual earnings per share reported by Brightcove Inc. for the previous quarter, Wall Street now forecasts 200.00 % negative EPS growth.

Brightcove Inc. provides cloud-based services for video. The company has market cap of $369.45 million. The firm primarily offers Video Cloud, an online video platform that enables its clients to publish and distribute video to Internet-connected devices. It currently has negative earnings. The Company’s Video Cloud platform offers various features and functionalities, such as uploading and encoding, content management, video player technology, multi-platform video experiences, live video streaming, distribution and syndication, social media, advertising and monetization, and analytics.

More recent Brightcove Inc. (NASDAQ:BCOV) news were published by: Nasdaq.com which released: “Factors of Influence in 2018, Key Indicators and Opportunity within Compass Minerals International, Consolidated …” on April 26, 2018. Also Streetinsider.com published the news titled: “Brightcove (BCOV) Appoints Robert Noreck CFO” on May 03, 2018. Streetinsider.com‘s news article titled: “Brightcove (BCOV) Tops Q1 EPS by 6c” with publication date: April 27, 2018 was also an interesting one.

Brightcove Inc. (NASDAQ:BCOV) Institutional Positions Chart

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