Edenbrook Capital, LLC
stated that they own 6.2% of Brightcove Inc (NASDAQ:BCOV) in a Form 13D/A disclosure that was filed with the Securities and Exchange Commission (SEC) on Monday, February 26th. The investor owns 2,160,113 shares of the stock valued at about $15,444,808. The reporting parties listed on the disclosure included Edenbrook Capital, LLC and Jonathan Brolin. The filing is available through the SEC website at this link.
BCOV has been the topic of several analyst reports. Zacks Investment Research upgraded shares of Brightcove from a “hold” rating to a “buy” rating and set a $8.50 price target on the stock in a report on Tuesday, November 7th. BidaskClub upgraded shares of Brightcove from a “sell” rating to a “hold” rating in a research note on Friday. One research analyst has rated the stock with a sell rating, two have issued a hold rating and three have issued a buy rating to the company’s stock. The stock presently has an average rating of “Hold” and a consensus price target of $8.44.
Brightcove Inc (NASDAQ:BCOV) traded down $0.15 during trading on Monday, reaching $7.15. 358,700 shares of the company were exchanged, compared to its average volume of 139,826. The company has a market cap of $247.62, a price-to-earnings ratio of -12.54 and a beta of 1.86. Brightcove Inc has a twelve month low of $5.40 and a twelve month high of $9.30.
Brightcove (NASDAQ:BCOV) last posted its earnings results on Thursday, February 22nd. The software maker reported $0.04 earnings per share for the quarter, topping the Zacks’ consensus estimate of ($0.03) by $0.07. Brightcove had a negative net margin of 12.52% and a negative return on equity of 22.92%. The business had revenue of $40.10 million for the quarter, compared to analyst estimates of $39.52 million. During the same quarter in the prior year, the firm posted $0.03 EPS. Brightcove’s revenue was up 3.9% on a year-over-year basis. analysts forecast that Brightcove Inc will post -0.31 EPS for the current year.
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Brightcove Company Profile
Brightcove Inc is a global provider of cloud-based services for video. The Company’s products and services include Brightcove Video Cloud (Video Cloud), Brightcove Zencoder (Zencoder), Brightcove Once (Once), Brightcove Perform (Perform), Brightcove Video Marketing Suite (Video Marketing Suite), Brightcove Lift (Lift), Brightcove OTT Flow (OTT Flow) and Brightcove Enterprise Video Suite (Enterprise Video Suite), among others.
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