Brightcove Inc (NASDAQ:BCOV) Q4 2017 Sentiment Report

April 20, 2018 - By Dolores Ford

Brightcove Inc. (NASDAQ:BCOV) Logo

Sentiment for Brightcove Inc (NASDAQ:BCOV)

Brightcove Inc (NASDAQ:BCOV) institutional sentiment increased to 0.94 in Q4 2017. Its up 0.02, from 0.92 in 2017Q3. The ratio is better, as 32 hedge funds opened new or increased holdings, while 34 decreased and sold their stock positions in Brightcove Inc. The hedge funds in our partner’s database now own: 19.84 million shares, up from 19.60 million shares in 2017Q3. Also, the number of hedge funds holding Brightcove Inc in their top 10 holdings was flat from 2 to 2 for the same number . Sold All: 7 Reduced: 27 Increased: 22 New Position: 10.

Brightcove Inc. provides cloud-based services for video. The company has market cap of $260.39 million. The firm primarily offers Video Cloud, an online video platform that enables its clients to publish and distribute video to Internet-connected devices. It currently has negative earnings. The Company’s Video Cloud platform offers various features and functionalities, such as uploading and encoding, content management, video player technology, multi-platform video experiences, live video streaming, distribution and syndication, social media, advertising and monetization, and analytics.

The stock decreased 1.97% or $0.15 during the last trading session, reaching $7.45. About 196,919 shares traded or 5.22% up from the average. Brightcove Inc. (NASDAQ:BCOV) has declined 21.47% since April 20, 2017 and is downtrending. It has underperformed by 33.02% the S&P500.

Analysts await Brightcove Inc. (NASDAQ:BCOV) to report earnings on April, 26 after the close. They expect $-0.11 earnings per share, up 15.38 % or $0.02 from last year’s $-0.13 per share. After $-0.02 actual earnings per share reported by Brightcove Inc. for the previous quarter, Wall Street now forecasts 450.00 % negative EPS growth.

Litespeed Management L.L.C. holds 7.42% of its portfolio in Brightcove Inc. for 1.08 million shares. Cooper Creek Partners Management Llc owns 1.12 million shares or 5.12% of their US portfolio. Moreover, Hawk Ridge Capital Management Lp has 3.41% invested in the company for 1.45 million shares. The Connecticut-based Mcclain Value Management Llc has invested 2.93% in the stock. Horrell Capital Management Inc., a Arkansas-based fund reported 385,000 shares.

Brightcove Inc. (NASDAQ:BCOV) Ratings Coverage

Ratings analysis reveals 50% of Brightcove Inc’s analysts are positive. Out of 4 Wall Street analysts rating Brightcove Inc, 2 give it “Buy”, 0 “Sell” rating, while 2 recommend “Hold”. The lowest target is $7.0 while the high is $11. The stock’s average target of $9.24 is 24.03% above today’s ($7.45) share price. BCOV was included in 5 notes of analysts from October 23, 2017. Northland Capital maintained it with “Hold” rating and $7.0 target in Monday, October 23 report. Stifel Nicolaus maintained it with “Buy” rating and $11 target in Friday, October 27 report. Northland Capital maintained it with “Buy” rating and $11.0 target in Friday, February 23 report.

Brightcove Inc. (NASDAQ:BCOV) Institutional Positions Chart

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