Brightcove Inc. (BCOV) Is Forming Double Top at $9.68

June 29, 2018 - By Norman Soto

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 improved. 25 grew holdings while 14 funds amassed holdings. Funds hold 19.71 million shares thus 0.63% less from 2017Q4’s 19.84 million shares.
Prelude Cap Mngmt Ltd has invested 0% in Brightcove Inc. (NASDAQ:BCOV). Renaissance Technologies Lc has 0.01% invested in Brightcove Inc. (NASDAQ:BCOV). Brandywine Trust Com has 69,756 shs for 0.43% of their capital. Ameritas Inv Partners holds 2,425 shs or 0% of its capital. Jpmorgan Chase holds 0% or 6,924 shs in its capital. Bankshares Of America De has invested 0% in Brightcove Inc. (NASDAQ:BCOV). Deutsche Natl Bank Ag has 0% invested in Brightcove Inc. (NASDAQ:BCOV). Sei Investments has invested 0% in Brightcove Inc. (NASDAQ:BCOV). Gsa Capital Limited Liability Partnership stated it has 78,635 shs. Frontier Cap Mngmt Co Lc holds 3.12M shs or 0.16% of its capital. Invesco Limited invested 0% in Brightcove Inc. (NASDAQ:BCOV). Fortaleza Asset Inc holds 0.79% in Brightcove Inc. (NASDAQ:BCOV) or 18,685 shs. Federated Investors Pa owns 355 shs or 0% of their US capital. Tower Llc (Trc) owns 20,138 shs. Blackrock Inc holds 0% of its capital in Brightcove Inc. (NASDAQ:BCOV) for 2.11M shs.

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.

Ticker’s shares touched $9.675 during the last trading session after 0.26% change.Currently Brightcove Inc. is uptrending after 75.00% change in last June 29, 2017. BCOV has 40,610 shares volume. BCOV outperformed by 62.43% the S&P 500.

On July, 25 Brightcove Inc. (NASDAQ:BCOV)’s earnings report is expected by WallStreet, according to RTT. EPS of $-0.12 is 40.00 % up from 2017’s $-0.2 EPS. After $-0.04 EPS was reported last quarter, analysts now see negative EPS growth of 200.00 % for Brightcove Inc..

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 price target Brightcove Inc has $11.18 average price target 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. In Friday, February 23 report Northland Capital maintained it with “Buy” rating and $11.0 target. On Tuesday, May 22 the firm has “Buy” rating given by Stifel Nicolaus.

More recent Brightcove Inc. (NASDAQ:BCOV) news were brought out 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 brought out 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 brought out on June 05, 2018, called “Brightcove Inc. to Present at the Stifel 2018 Cross Sector Insight Conference”.

Brightcove Inc. (NASDAQ:BCOV) Institutional Investors Chart

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