Brightcove (NASDAQ:BCOV) Receiving Somewhat Favorable News Coverage, Analysis Finds

Media coverage about Brightcove (NASDAQ:BCOV) has been trending somewhat positive on Friday, Accern Sentiment reports. Accern scores the sentiment of press coverage by reviewing more than twenty million blog and news sources. Accern ranks coverage of companies on a scale of negative one to one, with scores nearest to one being the most favorable. Brightcove earned a media sentiment score of 0.12 on Accern’s scale. Accern also gave media stories about the software maker an impact score of 92 out of 100, meaning that recent press coverage is extremely likely to have an effect on the stock’s share price in the immediate future.

Several research firms recently weighed in on BCOV. B. Riley reiterated a “neutral” rating and set a $5.50 target price on shares of Brightcove in a research report on Thursday, July 27th. Zacks Investment Research downgraded Brightcove from a “hold” rating to a “sell” rating in a research report on Tuesday, August 1st. ValuEngine downgraded Brightcove from a “hold” rating to a “sell” rating in a research report on Friday, June 2nd. Northland Securities set a $7.00 target price on Brightcove and gave the stock a “hold” rating in a research report on Friday, July 21st. Finally, Stifel Nicolaus cut their price objective on Brightcove from $13.00 to $10.50 and set a “buy” rating on the stock in a report on Monday, May 15th. Two equities research analysts have rated the stock with a sell rating, two have assigned a hold rating and two have given a buy rating to the stock. The stock has a consensus rating of “Hold” and a consensus price target of $9.75.

Brightcove (NASDAQ BCOV) traded down 0.71% during midday trading on Friday, hitting $6.95. The stock had a trading volume of 254,366 shares. The stock’s market cap is $238.70 million. The company’s 50-day moving average price is $6.52 and its 200 day moving average price is $7.24. Brightcove has a 12-month low of $5.40 and a 12-month high of $13.80.

Brightcove (NASDAQ:BCOV) last announced its quarterly earnings results on Wednesday, July 26th. The software maker reported ($0.16) earnings per share for the quarter, missing analysts’ consensus estimates of ($0.14) by $0.02. Brightcove had a negative return on equity of 19.65% and a negative net margin of 12.22%. The company had revenue of $38.75 million during the quarter, compared to analyst estimates of $37.13 million. During the same period in the prior year, the firm earned ($0.01) EPS. Brightcove’s quarterly revenue was up 5.4% on a year-over-year basis. On average, equities research analysts predict that Brightcove will post ($0.37) earnings per share for the current fiscal year.

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About Brightcove

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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