As of close of business last night, Brightcove Inc’s stock clocked out at $1.91, up 1.06% from its previous closing price of $1.89. In other words, the price has increased by $+0.0200 from its previous closing price. On the day, 512512 shares were traded.
Ratios:
To gain a deeper understanding of BCOV’s stock, we examine its different ratios. For the most recent quarter (mrq), Quick Ratio is recorded 0.67 and its Current Ratio is at 0.67. In the meantime, Its Debt-to-Equity ratio is 0.23 whereas as Long-Term Debt/Eq ratio is at 0.18.
On February 13, 2023, Rosenblatt Upgraded its rating to Buy which previously was Neutral and also upped its target price recommendation from $8 to $10.
On September 09, 2022, Rosenblatt started tracking the stock assigning a Neutral rating and target price of $8.Rosenblatt initiated its Neutral rating on September 09, 2022, with a $8 target price.
Insider Transactions:
Investing in insider trades can also provide an investor with insight into how management views future stock prices. A recent insider transaction in this stock occurred on Mar 11 ’24 when Edenbrook Capital, LLC bought 33,300 shares for $1.87 per share. The transaction valued at 62,388 led to the insider holds 6,405,437 shares of the business.
DeBevoise Marc bought 25,000 shares of BCOV for $50,750 on Feb 27 ’24. The Chief Executive Officer now owns 1,175,962 shares after completing the transaction at $2.03 per share. On Feb 26 ’24, another insider, Edenbrook Capital, LLC, who serves as the 10% Owner of the company, bought 4,400 shares for $1.85 each. As a result, the insider paid 8,140 and bolstered with 6,372,137 shares of the company.
Valuation Measures:
Investors should consider key stock statistics when deciding whether to invest or divest. In the wake of the recent closing price, BCOV now has a Market Capitalization of 83.48M and an Enterprise Value of 86.71M. For the stock, the TTM Price-to-Sale (P/S) ratio is 0.41 while its Price-to-Book (P/B) ratio in mrq is 0.89. Its current Enterprise Value per Revenue stands at 0.43 whereas that against EBITDA is -16.81.
Stock Price History:
Over the past 52 weeks, BCOV has reached a high of $4.76, while it has fallen to a 52-week low of $1.81. The 50-Day Moving Average of the stock is 2.2044, while the 200-Day Moving Average is calculated to be 3.0642.
Shares Statistics:
It appears that BCOV traded 225.14K shares on average per day over the past three months and 339.37k shares per day over the past ten days. A total of 43.70M shares are outstanding, with a floating share count of 41.28M. Insiders hold about 5.55% of the company’s shares, while institutions hold 81.24% stake in the company. Shares short for BCOV as of Feb 29, 2024 were 1.31M with a Short Ratio of 5.80, compared to 1.08M on Jan 31, 2024. Therefore, it implies a Short% of Shares Outstanding of 2.99% and a Short% of Float of 4.33%.
Earnings Estimates
As of right now, 2 analysts gave their recommendation on the stock of the company. On average, analysts expect EPS of $0 for the current quarter, with a high estimate of $0.01 and a low estimate of $0, while EPS last year was -$0.15. The consensus estimate for the next quarter is -$0.03, with high estimates of -$0.03 and low estimates of -$0.03.
Analysts are recommending an EPS of between -$0.07 and -$0.09 for the fiscal current year, implying an average EPS of -$0.08. EPS for the following year is -$0.01, with 1 analysts recommending between -$0.01 and -$0.01.
Revenue Estimates
In the current quarter, 2 analysts expect revenue to total $49.55M. It ranges from a high estimate of $49.6M to a low estimate of $49.5M. As of the current estimate, Brightcove Inc’s year-ago sales were $49.06M, an estimated increase of 1.00% from the year-ago figure. For the next quarter, 2 analysts are estimating revenue of $48.48M, a decrease of -4.90% less than the figure of $1.00% in the same quarter last year. There is a high estimate of $48.96M for the next quarter, whereas the lowest estimate is $48.01M.
A total of 2 analysts have provided revenue estimates for BCOV’s current fiscal year. The highest revenue estimate was $197.65M, while the lowest revenue estimate was $196.5M, resulting in an average revenue estimate of $197.07M. In the same quarter a year ago, actual revenue was $201.19M, down -2.00% from the average estimate. Based on 1 analysts’ estimates, the company’s revenue will be $200.25M in the next fiscal year. The high estimate is $200.25M and the low estimate is $200.25M. The average revenue growth estimate for next year is up 1.60% from the average revenue estimate for this year.
