Brightcove (NASDAQ:BCOV) is scheduled to be releasing its earnings data after the market closes on Thursday, February 22nd. Analysts expect Brightcove to post earnings of ($0.03) per share for the quarter.

Shares of Brightcove (NASDAQ:BCOV) opened at $6.85 on Thursday. The firm has a market capitalization of $233.77, a PE ratio of -10.38 and a beta of 1.86. Brightcove has a twelve month low of $5.40 and a twelve month high of $9.30.

An institutional investor recently raised its position in Brightcove stock. The Manufacturers Life Insurance Company lifted its position in Brightcove Inc (NASDAQ:BCOV) by 22.8% in the 2nd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 29,591 shares of the software maker’s stock after purchasing an additional 5,494 shares during the quarter. The Manufacturers Life Insurance Company owned about 0.09% of Brightcove worth $183,000 as of its most recent SEC filing. Institutional investors and hedge funds own 62.75% of the company’s stock.

Several brokerages have weighed in on BCOV. Zacks Investment Research raised Brightcove from a “hold” rating to a “buy” rating and set a $9.00 price target for the company in a report on Wednesday, November 1st. Northland Securities upgraded Brightcove from a “market perform” rating to an “outperform” rating in a research note on Friday, October 27th. B. Riley restated a “hold” rating and issued a $7.25 price objective on shares of Brightcove in a research note on Friday, October 27th. Finally, Stifel Nicolaus raised their price objective on Brightcove from $10.50 to $11.00 and gave the stock a “buy” rating in a research note on Friday, October 27th. One research analyst has rated the stock with a sell rating, one has issued a hold rating and three have issued a buy rating to the company’s stock. Brightcove currently has an average rating of “Hold” and an average target price of $8.44.

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Brightcove Company Profile

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.

Earnings History for Brightcove (NASDAQ:BCOV)

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