Brightcove Inc. (BCOV) Forms Bullish Double Top Trading at $9.68

June 29, 2018 - By Damon Whitfield

Brightcove Inc. (NASDAQ:BCOV) Corporate Logo

During Q1 2018 the big money sentiment increased to 1.34. That’s change of 0.40, from 2017Q4’s 0.94. 3 investors sold all, 26 reduced holdings as Brightcove Inc. ratio increased. 25 increased holdings while 14 funds took holdings. Funds hold 19.71 million shares thus 0.63% less from 2017Q4’s 19.84 million shares.
Raymond James Assoc accumulated 30,800 shs. Cooper Creek Prtnrs Lc accumulated 573,288 shs. 471,000 are owned by Herald Investment Ltd. Trigran reported 0.42% stake. Geode Capital Ltd reported 295,114 shs stake. Synovus Fincl holds 0% in Brightcove Inc. (NASDAQ:BCOV) or 535 shs. Horrell Capital Mngmt stated it has 1.4% in Brightcove Inc. (NASDAQ:BCOV). Millennium Mgmt Ltd Liability Co holds 305,383 shs. Engineers Gate Manager Ltd Partnership has invested 0.01% in Brightcove Inc. (NASDAQ:BCOV). Gsa Prns Ltd Liability Partnership reported 78,635 shs. D E Shaw reported 463,646 shs or 0% of all its holdings. State Common Retirement Fund has invested 0% of its capital in Brightcove Inc. (NASDAQ:BCOV). Credit Suisse Ag owns 12,473 shs for 0% of their capital. Jpmorgan Chase And invested in 0% or 6,924 shs. National Bank Of Mellon holds 0% or 165,009 shs in its capital.

With $10.06 target Brightcove Inc. (BCOV) forms a double top. That’s 4.00 % above today’s $9.68 price per share. The stock has $342.05 million MC. On Jun, 29 this chart setup was posted by Finviz.com. $13.68 million more could be BCOV valuation at $10.06 share price.

BCOV hit $9.675 during the last trading session after $0.025 change.Currently Brightcove Inc. is uptrending after 75.00% change in last June 29, 2017. BCOV has 40,610 shares volume. The stock outperformed the S&P 500 by 62.43%.

Brightcove Inc. (NASDAQ:BCOV) is anticipated to publish earnings on July, 25., RTT reports. Analysts predict $-0.12 EPS. That’s $0.08 up or 40.00 % from 2017’s earnings of $-0.2. Wall Street now sees 200.00 % negative EPS growth despite Brightcove Inc. previous quarter’s EPS of $-0.04.

Brightcove Inc. (NASDAQ:BCOV) Ratings Coverage

In total 4 analysts cover Brightcove Inc (NASDAQ:BCOV). “Buy” rating has 3, “Sell” are 0, while 1 are “Hold”. 75% are bullish. With $13 highest and $7.7 lowest target price Brightcove Inc has $11.18 average target price or 15.56% above the current ($9.675) price. 4 are the (NASDAQ:BCOV)’s analyst reports since February 23, 2018 according to StockzIntelligence Inc. On Tuesday, May 22 the firm has “Buy” rating given by Stifel Nicolaus. On Friday, February 23 Northland Capital maintained the shares of BCOV in report with “Buy” rating.

More recent Brightcove Inc. (NASDAQ:BCOV) news were released by Globenewswire.com, Profitconfidential.com and Businesswire.com. The first one has “New Research: Key Drivers of Growth for Winnebago Industries, SkyWest, Brightcove, Selective Insurance Group …” as a title and was released on June 20, 2018. The next is “Brightcove Stock Breaks Out, With a Further Potential of 60% Growth” on June 08, 2018. And last was released on June 05, 2018, called “Brightcove Inc. to Present at the Stifel 2018 Cross Sector Insight Conference”.

Brightcove Inc. (NASDAQ:BCOV) Institutional Investors Chart

Receive News & Ratings Via Email - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings with our FREE daily email newsletter.





Free Email Newsletter

Enter your email address below to get the latest news and analysts' ratings for your stocks with our free daily email newsletter: