Wall Street brokerages forecast that Brightcove Inc (NASDAQ:BCOV) will post earnings of $0.04 per share for the current quarter, Zacks reports. Two analysts have made estimates for Brightcove’s earnings. The lowest EPS estimate is $0.03 and the highest is $0.04. Brightcove reported earnings of ($0.03) per share in the same quarter last year, which indicates a positive year over year growth rate of 233.3%. The firm is scheduled to announce its next quarterly earnings results on Thursday, November 7th.

According to Zacks, analysts expect that Brightcove will report full-year earnings of $0.09 per share for the current financial year, with EPS estimates ranging from $0.08 to $0.09. For the next year, analysts forecast that the firm will report earnings of $0.20 per share, with EPS estimates ranging from $0.10 to $0.25. Zacks Investment Research’s EPS calculations are an average based on a survey of sell-side research firms that follow Brightcove.

Brightcove (NASDAQ:BCOV) last released its earnings results on Wednesday, July 24th. The software maker reported ($0.08) earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of ($0.10) by $0.02. Brightcove had a negative net margin of 10.70% and a negative return on equity of 12.20%. The company had revenue of $47.58 million during the quarter, compared to the consensus estimate of $45.74 million. During the same quarter in the prior year, the firm earned ($0.07) EPS. The company’s revenue was up 14.2% compared to the same quarter last year.

Several equities analysts have recently weighed in on the stock. Northland Securities reissued a “buy” rating and issued a $14.00 price objective on shares of Brightcove in a research report on Thursday, May 16th. BidaskClub raised shares of Brightcove from a “buy” rating to a “strong-buy” rating in a research report on Saturday, July 27th. ValuEngine downgraded shares of Brightcove from a “strong-buy” rating to a “buy” rating in a research report on Thursday, August 1st. Zacks Investment Research downgraded shares of Brightcove from a “buy” rating to a “hold” rating in a report on Thursday, July 25th. Finally, B. Riley reaffirmed a “buy” rating on shares of Brightcove in a report on Tuesday, July 23rd. One investment analyst has rated the stock with a hold rating, three have given a buy rating and one has assigned a strong buy rating to the stock. The company has an average rating of “Buy” and a consensus price target of $13.00.

A number of institutional investors have recently made changes to their positions in BCOV. Bank of Montreal Can grew its holdings in shares of Brightcove by 204.3% during the second quarter. Bank of Montreal Can now owns 4,789 shares of the software maker’s stock worth $49,000 after purchasing an additional 3,215 shares in the last quarter. BNP Paribas Arbitrage SA boosted its stake in shares of Brightcove by 68,190.9% in the first quarter. BNP Paribas Arbitrage SA now owns 7,512 shares of the software maker’s stock worth $63,000 after buying an additional 7,501 shares during the last quarter. Marshall Wace North America L.P. purchased a new stake in shares of Brightcove in the first quarter worth about $74,000. Metropolitan Life Insurance Co. NY boosted its stake in shares of Brightcove by 404.8% in the fourth quarter. Metropolitan Life Insurance Co. NY now owns 11,822 shares of the software maker’s stock worth $83,000 after buying an additional 9,480 shares during the last quarter. Finally, A.R.T. Advisors LLC purchased a new stake in shares of Brightcove in the second quarter worth about $142,000. Institutional investors and hedge funds own 77.92% of the company’s stock.

Shares of BCOV traded down $0.02 during trading hours on Friday, hitting $11.94. The company had a trading volume of 374,100 shares, compared to its average volume of 139,839. The firm has a market cap of $457.06 million, a price-to-earnings ratio of -44.22 and a beta of 0.85. The business has a fifty day moving average of $11.40 and a 200-day moving average of $9.71. Brightcove has a 12 month low of $6.88 and a 12 month high of $12.82. The company has a quick ratio of 0.82, a current ratio of 0.82 and a debt-to-equity ratio of 0.17.

Brightcove Company Profile

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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