Brokerages expect that Brightcove Inc. (NASDAQ:BCOV) will announce ($0.03) earnings per share (EPS) for the current quarter, Zacks reports. Three analysts have made estimates for Brightcove’s earnings, with the lowest EPS estimate coming in at ($0.04) and the highest estimate coming in at ($0.02). Brightcove also posted earnings per share of ($0.03) in the same quarter last year. The firm is expected to report its next earnings results on Thursday, February 15th.

On average, analysts expect that Brightcove will report full year earnings of ($0.33) per share for the current year, with EPS estimates ranging from ($0.35) to ($0.32). For the next fiscal year, analysts forecast that the firm will report earnings of ($0.03) per share, with EPS estimates ranging from ($0.15) to $0.15. Zacks Investment Research’s earnings per share averages are an average based on a survey of sell-side research firms that cover Brightcove.

Brightcove (NASDAQ:BCOV) last issued its quarterly earnings data on Thursday, October 26th. The software maker reported ($0.06) earnings per share (EPS) for the quarter, beating the Thomson Reuters’ consensus estimate of ($0.10) by $0.04. The business had revenue of $39.50 million during the quarter, compared to analysts’ expectations of $37.99 million. Brightcove had a negative return on equity of 25.11% and a negative net margin of 14.58%. The company’s revenue for the quarter was up 2.9% on a year-over-year basis. During the same quarter in the previous year, the firm posted $0.02 EPS.

BCOV has been the subject of several analyst reports. Zacks Investment Research raised Brightcove from a “hold” rating to a “buy” rating and set a $9.00 price objective for the company in a report on Wednesday, November 1st. Stifel Nicolaus boosted their price objective on Brightcove from $10.50 to $11.00 and gave the company a “buy” rating in a report on Friday, October 27th. B. Riley restated a “hold” rating and issued a $7.25 price target on shares of Brightcove in a research note on Friday, October 27th. Finally, Northland Securities restated a “hold” rating and issued a $7.00 price target on shares of Brightcove in a research note on Friday, September 1st. One investment analyst has rated the stock with a sell rating, one has assigned a hold rating and three have issued a buy rating to the stock. Brightcove has an average rating of “Hold” and an average target price of $8.44.

Several institutional investors have recently made changes to their positions in the stock. Frontier Capital Management Co. LLC increased its stake in shares of Brightcove by 2.5% in the 2nd quarter. Frontier Capital Management Co. LLC now owns 2,468,556 shares of the software maker’s stock valued at $15,305,000 after purchasing an additional 60,090 shares in the last quarter. Vanguard Group Inc. increased its stake in shares of Brightcove by 7.8% in the 2nd quarter. Vanguard Group Inc. now owns 2,004,632 shares of the software maker’s stock valued at $12,428,000 after purchasing an additional 145,395 shares in the last quarter. Cramer Rosenthal Mcglynn LLC increased its stake in shares of Brightcove by 1.4% in the 3rd quarter. Cramer Rosenthal Mcglynn LLC now owns 1,871,845 shares of the software maker’s stock valued at $13,477,000 after purchasing an additional 26,255 shares in the last quarter. Cooper Creek Partners Management LLC increased its stake in shares of Brightcove by 60.8% in the 2nd quarter. Cooper Creek Partners Management LLC now owns 1,204,357 shares of the software maker’s stock valued at $7,467,000 after purchasing an additional 455,504 shares in the last quarter. Finally, Litespeed Management L.L.C. purchased a new position in shares of Brightcove in the 3rd quarter valued at about $8,570,000. Hedge funds and other institutional investors own 62.40% of the company’s stock.

Shares of Brightcove (NASDAQ BCOV) traded down $0.15 during mid-day trading on Tuesday, hitting $7.25. The stock had a trading volume of 179,348 shares, compared to its average volume of 249,471. Brightcove has a fifty-two week low of $5.40 and a fifty-two week high of $9.30.

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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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