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

June 29, 2018 - By Jacqueline McKee

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 rose positions while 14 funds took positions. Funds hold 19.71 million shares thus 0.63% less from 2017Q4’s 19.84 million shares.
Sei Invests holds 34 shs or 0% of its capital. Cramer Rosenthal Mcglynn Ltd has 0.21% invested in Brightcove Inc. (NASDAQ:BCOV). Moreover, Strs Ohio has 0% invested in Brightcove Inc. (NASDAQ:BCOV) for 31,500 shs. Vanguard Group Inc invested in 0% or 1.78M shs. Moreover, State Board Of Administration Of Florida Retirement System has 0% invested in Brightcove Inc. (NASDAQ:BCOV) for 32,676 shs. Manufacturers Life Insurance The invested in 29,653 shs or 0% of the stock. Macquarie Group Inc holds 14,283 shs. Panagora Asset Management Inc owns 0% invested in Brightcove Inc. (NASDAQ:BCOV) for 102,469 shs. Stone Ridge Asset Mgmt Lc has 71,373 shs. Tiaa Cref Mngmt Ltd Liability Corp owns 132,893 shs for 0% of their capital. Millennium Ltd Liability accumulated 305,383 shs or 0% of the stock. Barclays Public Ltd Limited Liability Company owns 7,366 shs. California State Teachers Retirement Systems stated it has 0% in Brightcove Inc. (NASDAQ:BCOV). Rhumbline Advisers accumulated 30,551 shs or 0% of the stock. Metropolitan Life Insur Ny owns 0% invested in Brightcove Inc. (NASDAQ:BCOV) for 7,848 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.

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

Earnings report for Brightcove Inc. (NASDAQ:BCOV) is anticipated on July, 25., RTT reports. This year’s earnings per share analyst estimate is anticipated to be $-0.12. That is 40.00 % up compareed to $-0.2 earnings per share for last year. After $-0.04 earnings per share was announced previous 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”. (NASDAQ:BCOV) has 75% bullish analysts. With $13 highest and $7.7 lowest PT, Brightcove Inc has $11.18 average PT or 15.56% above the current ($9.675) price. 4 are the (NASDAQ:BCOV)’s ratings reports on Jun 29, 2018 according to StockzIntelligence Inc. On Friday, February 23 Northland Capital maintained Brightcove Inc. (NASDAQ:BCOV) rating. Northland Capital has “Buy” rating and $11.0 target. In Tuesday, May 22 report Stifel Nicolaus maintained the stock 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

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