Somewhat Positive Press Coverage Somewhat Unlikely to Affect Brightcove (BCOV) Stock Price

News headlines about Brightcove (NASDAQ:BCOV) have trended somewhat positive this week, according to Accern. The research group identifies positive and negative press coverage by monitoring more than 20 million blog and news sources in real time. Accern ranks coverage of publicly-traded companies on a scale of -1 to 1, with scores nearest to one being the most favorable. Brightcove earned a news sentiment score of 0.13 on Accern’s scale. Accern also assigned news headlines about the software maker an impact score of 44.7457050757448 out of 100, indicating that recent press coverage is somewhat unlikely to have an effect on the company’s share price in the next few days.

These are some of the news headlines that may have effected Accern’s scoring:

Get Brightcove alerts: Critical Analysis: Brightcove (BCOV) vs. Smartsheet (SMAR) (americanbankingnews.com) Brightcove (BCOV) PT Raised to $13.00 at Stifel Nicolaus (americanbankingnews.com) Brightcove Pushes the Envelope with Video Experiences that Increase Customer ROI (finance.yahoo.com) Brightcove Launches OTT Flow X, Powered by Accedo (finance.yahoo.com)

A number of research analysts have recently issued reports on BCOV shares. Zacks Investment Research cut shares of Brightcove from a “buy” rating to a “hold” rating in a research note on Wednesday, April 25th. Dougherty & Co lifted their target price on shares of Brightcove from $11.00 to $14.00 and gave the company a “buy” rating in a research note on Thursday, May 17th. BidaskClub upgraded shares of Brightcove from a “hold” rating to a “buy” rating in a research report on Saturday, April 28th. TheStreet upgraded shares of Brightcove from a “d+” rating to a “c-” rating in a research report on Monday, May 7th. Finally, Stifel Nicolaus boosted their price objective on shares of Brightcove from $11.00 to $13.00 and gave the stock a “buy” rating in a research report on Tuesday, May 22nd. Three analysts have rated the stock with a hold rating and four have assigned a buy rating to the company. The company has an average rating of “Buy” and an average price target of $9.85.

Brightcove opened at $10.50 on Monday, Marketbeat.com reports. Brightcove has a fifty-two week low of $5.95 and a fifty-two week high of $10.65. The company has a market capitalization of $371.22 million, a P/E ratio of -21.88 and a beta of 1.72.

Brightcove (NASDAQ:BCOV) last posted its quarterly earnings data on Thursday, April 26th. The software maker reported ($0.06) earnings per share for the quarter, hitting the consensus estimate of ($0.06). Brightcove had a negative net margin of 10.47% and a negative return on equity of 19.36%. The firm had revenue of $41.20 million during the quarter, compared to analysts’ expectations of $40.19 million. During the same quarter in the previous year, the company posted ($0.08) EPS. Brightcove’s revenue was up 9.6% on a year-over-year basis. analysts expect that Brightcove will post -0.23 earnings per share for the current fiscal year.

About Brightcove

Brightcove Inc provides cloud-based services for video. The company offers Video Cloud, an online video platform that enables its customers to publish and distribute video to Internet-connected devices. Its 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, as well as APIs, SDKs, and developer resources.