On Friday, shares of Brightcove Inc. (NASDAQ:BCOV) marked $13.90 per share versus a previous $12.95 closing price. With having a 7.34% gain, an insight into the fundamental values of Brightcove Inc., investors would also find a great ally in the technical patterns of the stock movements showed in stock charts. BCOV showed a rise of 59.95% within its YTD performance, with highs and lows between $5.44 – $13.76 during the period of 52 weeks, compared to the simple moving average of 56.06% in the period of the last 200 days.
Colliers Securities equity researchers changed the status of Brightcove Inc. (NASDAQ: BCOV) shares to a “Buy” rating in the report published on October 14th, 2020. Other analysts, including Lake Street, also published their reports on BCOV shares. Lake Street repeated the rating from the previous report, marking BCOV under “Buy” rating, in the report published on September 29th, 2020. Additionally, BCOV shares got another “Buy” rating from B. Riley FBR, setting a target price of $12 on the company’s shares, according to the report published in December 11th, 2018. On May 22nd, 2018, Stifel Reiterated an Buy rating and increased its price target from $11 to $13. On the other hand, Dougherty & Company Reiterated the “Buy” rating for BCOV shares, as published in the report on May 17th, 2018. Northland Capital seems to be going bullish on the price of BCOV shares, based on the price prediction for BCOV. Another “Buy” rating came from Dougherty & Company , providing a prediction for price target according to the report published in September 6th, 2016.
[bold-text]Brightcove Inc. (BCOV) Analysis[/bold-text]
The present dividend yield for BCOV owners is set at 0, marking the return investors will get regardless of the company’s performance in the upcoming period. However, in order for the company to be able to pay its dividends, just like it is the case with Brightcove Inc., the company needs to provide a healthy cash flow, currently at the value of 54.10. In addition, the growth of sales from quarter to quarter is recording 0.60%, hinting the company’s progress in the upcoming progress.
In order to gain a clear insight on the performance of Brightcove Inc. (BCOV) as it may occur in the future, there are more than several well-rounded types of analysis and research techniques, while equity is most certainly one of the more important indicators into the company’s growth and performance. In this case, you want to make sure that the return on the present equity of -26.20% is enough for you to make a profit out of your investment. You may also count in the quick ratio of the company, currently set at 0.80 so you would make sure that the company is able to cover the debts it may have, which can be easily seen in annual reports of the company.
Set to affect the volatility of a given stock, the average volume can also be a valuable indicator, while BCOV is currently recording an average of 390.51K in volumes. The volatility of the stock on monthly basis is set at 4.51%, while the weekly volatility levels are marked at 6.52%with 17.60% of gain in the last seven days. Additionally, long-term investors are predicting the target price of $14.75, indicating growth from the present price of $13.90, which can represent yet another valuable research and analysis points that can help you decide whether to invest in BCOV or pass.
[bold-text]What to Look for When Analyzing Brightcove Inc. Shares?[/bold-text]
Brightcove Inc. (BCOV) is based in the USA and it represents one of the well-known company operating with Technology sector. If you wish to compare BCOV shares with other companies under Electronic Equipment and Consumer Goods, a factor to note is the P/E value of for Brightcove Inc., while the value 62.33 can represent an indicator in the future growth of the company in terms of investor’s expectations. The later value should have a steady growth rate, increasing and growing gradually, which serves the purpose of reliably showcasing the progress of the company. The value -0.48 is supported by the yearly EPS growth of -47.00%.
Besides from looking into the fundamentals, you should also note the number of people inside the company owning the shares, as the values should be in line with the expectations of investors. In that spirit, the present ownership of stocks inside the company is set at 2.10%, which can provide you with an insight of how involved executives are in owning shares of the company. In oppose to the executives’ share, the institutional ownership counts 89.20% of shares, carrying an equal significance as an indicator of value, as the presence of large investors may signal a strong company.
[bold-text]Are Institutional Investors Increasing Stakes in BCOV Shares?[/bold-text]
It appears that more than several institutional investors and hedge funds decided to increase stakes in BCOV in the recent period. That is how Trigran Investments, Inc. now has an increase position in BCOV by 5.28% in the first quarter, owning 4.29 million shares of BCOV stocks, with the value of $43.96 million after the purchase of an additional 215,364 shares during the last quarter. In the meanwhile, Tenzing Global Management LLC also increased their stake in BCOV shares changed 0.00% in the first quarter, which means that the company now owns 3.75 million shares of company, all valued at $38.4 million after the acquisition of additional 0 shares during the last quarter.
Edenbrook Capital LLC acquired a new position in Brightcove Inc. during the first quarter, with the value of $32.58 million, and Archon Capital Management LLC increased their stake in the company’s shares by 0.00% in the first quarter, now owning 0 shares valued at $28.16 million after the acquisition of the additional 2.75 million shares during the last quarter. In the end, BlackRock Fund Advisors increased their position by 5.61% during the first quarter, now owning 2.36 million BCOV shares, now holding the value of $24.21 million in BCOV with the purchase of the additional 19,021 shares during the period of the last quarter. At the present, 89.20% of BCOV shares are in the ownership of institutional investors.