Today Brightcove Inc. (BCOV) Stock Reaches 52-Week High

May 27, 2018 - By Darrin Black

Brightcove Inc. (NASDAQ:BCOV) Logo

Investors sentiment increased to 0.94 in Q4 2017. Its up 0.02, from 0.92 in 2017Q3. It is positive, 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.
State Of New Jersey Common Pension Fund D reported 100,000 shares. Rhumbline Advisers stated it has 0% of its portfolio in Brightcove Inc. (NASDAQ:BCOV). Hawk Ridge Capital Ltd Partnership invested in 3.41% or 1.45M shares. Stone Ridge Asset Lc holds 0.03% in Brightcove Inc. (NASDAQ:BCOV) or 72,573 shares. Ny State Common Retirement Fund has 0% invested in Brightcove Inc. (NASDAQ:BCOV). Citadel Advsr Limited Com owns 17,533 shares or 0% of their US portfolio. Deutsche Bank & Trust Ag has 152,833 shares. Invesco Ltd has 25,992 shares for 0% of their portfolio. Citigroup accumulated 3,407 shares or 0% of the stock. Bridgeway Capital Mngmt Inc invested in 0.01% or 152,300 shares. Bankshares Of America Corp De has 4,041 shares. Blackrock holds 0% of its portfolio in Brightcove Inc. (NASDAQ:BCOV) for 1.97 million shares. State Street reported 0% in Brightcove Inc. (NASDAQ:BCOV). Legal & General Grp Public Limited Company owns 0% invested in Brightcove Inc. (NASDAQ:BCOV) for 9,401 shares. Vanguard Grp owns 1.70M shares.

The stock of Brightcove Inc. (NASDAQ:BCOV) hit a new 52-week high and has $10.82 target or 3.00 % above today’s $10.50 share price. The 9 months bullish chart indicates low risk for the $371.22 million company. The 1-year high was reported on May, 27 by Barchart.com. If the $10.82 price target is reached, the company will be worth $11.14M more.
The 52-week high event is an important milestone for every stock because it shows very positive momentum and is time when buyers come in. During such notable technical setup, fundamental investors usually stay away and are careful shorting or selling the stock.

The stock increased 5.53% or $0.55 during the last trading session, reaching $10.5. About 320,676 shares traded or 14.49% up from the average. Brightcove Inc. (NASDAQ:BCOV) has declined 21.47% since May 27, 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. (NASDAQ:BCOV) Ratings Coverage

Among 3 analysts covering Brightcove Inc (NASDAQ:BCOV), 2 have Buy rating, 0 Sell and 1 Hold. Therefore 67% are positive. Brightcove Inc has $13 highest and $7.7 lowest target. $10.57’s average target is 0.67% above currents $10.5 stock price. Brightcove Inc had 3 analyst reports since February 23, 2018 according to SRatingsIntel. The stock of Brightcove Inc. (NASDAQ:BCOV) earned “Buy” rating by Stifel Nicolaus on Tuesday, May 22. As per Friday, February 23, the company rating was maintained by Northland Capital.

More news for Brightcove Inc. (NASDAQ:BCOV) were recently published by: Businesswire.com, which released: “Brightcove Launches OTT Flow X, Powered by Accedo” on May 21, 2018. Streetinsider.com‘s article titled: “Brightcove (BCOV) Appoints Robert Noreck CFO” and published on May 03, 2018 is yet another important article.

Brightcove Inc. provides cloud-based services for video. The company has market cap of $371.22 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.

Brightcove Inc. (NASDAQ:BCOV) Institutional Positions Chart

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