Brightcove (NASDAQ:BCOV) Downgraded by Northland Securities to Market Perform

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Brightcove stock has undergone multiple analysts rating changes in the recent past.  Brightcove Downgraded by Northland Securities on 10/28/2021. In a note to investors, the firm issued a new rating of Market Perform. The analysts previously had rating of Outperform.

Shares of Brightcove traded down -$2.49 on Wednesday, reaching $9.37. 1023430 shares of the stock traded hands, compared to its average volume of 195374. Shares of Brightcove were trading at $9.37 on Wednesday. The firm’s 50 day moving average is $11.69 and its 200 day moving average is $15.50.Brightcove has a 12 month low of $9.20 and a 12 month high of $25.26. While on yearly highs and lows, Brightcove’s today has traded high as $9.77 and has touched $9.20 on the downward trend. See More Analyst Rating at: RATING

Brightcove Earnings and What to expect: 

Brightcove last released its earnings data on October 26th, 2021. The software maker reported $0.05 EPS for the quarter, beating analysts’ consensus estimates of $0.02 by $0.03. The firm earned $52.16 million during the quarter, compared to analyst estimates of $50.94 million. Its revenue was up 6.3% compared to the same quarter last year. Brightcove has generated $0.16 earnings per share over the last year ($0.22 diluted earnings per share) and currently has a price-to-earnings ratio of 42.7. Earnings for Brightcove are expected to grow by 72.73% in the coming year, from $0.11 to $0.19 per share. Brightcove has not formally confirmed its next earnings publication date, but the company’s estimated earnings date is Wednesday, February 16th, 2022 based off prior year’s report dates.

Earnings for Brightcove are expected to grow by 72.73% in the coming year, from $0.11 to $0.19 per share. The P/E ratio of Brightcove is 42.73, which means that it is trading at a more expensive P/E ratio than the market average P/E ratio of about 15.12. The P/E ratio of Brightcove is 42.73, which means that it is trading at a more expensive P/E ratio than the Computer and Technology sector average P/E ratio of about 40.44. Brightcove has a PEG Ratio of 7.72. PEG Ratios above 1 indicate that a company could be overvalued. Brightcove has a P/B Ratio of 4.70. P/B Ratios above 3 indicate that a company could be overvalued with respect to its assets and liabilities.

Brightcove (NASDAQ:BCOV) Moving Average Technical Analysis

5 day Moving Average is $11.50 And 5 day price change is -$2.80 (-22.86%)  with average volume for 5 day average is 287,989. While technical analysis for average 20 days shows significant difference, 20 day moving average is  $11.82 and 20 day price change is -$2.09 (-18.11%) and average 20 day moving volume is 200,257. 50 day moving average is $11.69  and 50 day price change is -$2.20 ( -18.88%)  and with average volume for 50 days is : 211,619. 200 day moving average is $15.50  and 200 day price change is -$8.78 (-48.16%)  and with average volume for 200 days is : 316,935.

Other owners latest trading in Brightcove :

  • On 10/28/2021 shares held by WINTON GROUP Ltd were 30,445 which equates to market value of $0.35M and appx 0.00% owners of Brightcove
  • On 10/22/2021 shares held by Strs Ohio were 8,900 which equates to market value of $0.10M and appx 0.00% owners of Brightcove
  • On 10/21/2021 shares held by V Wealth Advisors LLC were 12,900 which equates to market value of $0.15M and appx 0.00% owners of Brightcove
  • In total Institutional ownership equates to Institutional Ownership Percentage: 84.53% for Brightcove

See More Analyst Rating at: RATING