Brightcove (NASDAQ:BCOV) issued its quarterly earnings results on Wednesday. The software maker reported $0.06 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $0.05 by $0.01, Briefing.com reports. Brightcove had a negative return on equity of 7.81% and a negative net margin of 10.02%. The firm had revenue of $47.60 million during the quarter, compared to analyst estimates of $47.84 million. The business’s revenue for the quarter was up 16.5% on a year-over-year basis.
NASDAQ:BCOV traded down $1.02 during mid-day trading on Thursday, reaching $8.18. 215,727 shares of the company’s stock traded hands, compared to its average volume of 129,379. Brightcove has a 12-month low of $8.05 and a 12-month high of $12.88. The firm has a market capitalization of $343.00 million, a price-to-earnings ratio of -17.04, a PEG ratio of 16.07 and a beta of 0.74. The company has a debt-to-equity ratio of 0.14, a current ratio of 0.78 and a quick ratio of 0.78. The company has a 50 day moving average price of $8.85 and a 200-day moving average price of $9.91.
Several equities research analysts have issued reports on the company. Zacks Investment Research lowered Brightcove from a “strong-buy” rating to a “hold” rating in a research note on Tuesday, October 29th. BidaskClub lowered Brightcove from a “sell” rating to a “strong sell” rating in a research note on Thursday, February 6th. ValuEngine raised Brightcove from a “sell” rating to a “hold” rating in a research note on Monday, December 16th. B. Riley lowered their target price on Brightcove from $13.50 to $12.00 and set a “buy” rating for the company in a research note on Thursday. Finally, Northland Securities reissued a “buy” rating and issued a $14.00 target price on shares of Brightcove in a research note on Thursday, October 24th. One equities research analyst has rated the stock with a sell rating, two have issued a hold rating and two have assigned a buy rating to the company’s stock. Brightcove currently has an average rating of “Hold” and a consensus price target of $12.33.
Brightcove Inc provides cloud-based services for video. It offers Video Cloud, an online video platform that enables its customers to publish and distribute video to Internet-connected devices. The company also provides Zencoder, a cloud-based video encoding service for file support, quality and control, speed and reliability, platform and security, and account and integration; SSAI, a cloud-based ad insertion and video stitching service; and Player, a cloud-based service for creating and managing video player experiences.
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