In a report released today, Eric Martinuzzi from Lake Street maintained a Hold rating on Brightcove (BCOV – Research Report), with a price target of $3.00. The company’s shares closed last Friday at $1.90.
According to TipRanks, Martinuzzi is a 3-star analyst with an average return of 2.0% and a 41.58% success rate. Martinuzzi covers the Technology sector, focusing on stocks such as Par Technology, Brightcove, and Quantum.
Brightcove has an analyst consensus of Moderate Buy, with a price target consensus of $4.00.
Based on Brightcove’s latest earnings release for the quarter ending December 31, the company reported a quarterly revenue of $50.16 million and a GAAP net loss of $2.51 million. In comparison, last year the company earned a revenue of $49.24 million and had a GAAP net loss of $5.4 million
Based on the recent corporate insider activity of 45 insiders, corporate insider sentiment is positive on the stock. This means that over the past quarter there has been an increase of insiders buying their shares of BCOV in relation to earlier this year.
TipRanks has tracked 36,000 company insiders and found that a few of them are better than others when it comes to timing their transactions. See which 3 stocks are most likely to make moves following their insider activities.
Brightcove (BCOV) Company Description:
Brightcove, Inc. engages in the provision of video cloud solutions. It enables customers to publish and distribute video to Internet-connected devices. Its products include Video Cloud, Video Marketing Suite, Enterprise Video Suite, Brightcove Campaign, Player, Live, Dynamic Server-Side Ad Insertion (SSAI), OTT Experiences, and Zencoder. The company founded by Jeremy J. Allaire and Robert Mason on August 24, 2004 and is headquartered in Boston, MA.
