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

June 29, 2018 - By Bridget Boland

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 positions while 14 funds bought positions. Funds hold 19.71 million shares thus 0.63% less from 2017Q4’s 19.84 million shares.
20,154 were reported by Voya Invest Ltd Limited Liability Company. Renaissance Technologies Ltd Llc has invested 0.01% of its capital in Brightcove Inc. (NASDAQ:BCOV). State Common Retirement Fund owns 29,700 shs. Arrowstreet Partnership owns 0% invested in Brightcove Inc. (NASDAQ:BCOV) for 36,475 shs. Axa invested in 115,200 shs. 21,982 were reported by Grp Incorporated. D E Shaw And Incorporated holds 463,646 shs. Federated Invsts Inc Pa holds 0% of its capital in Brightcove Inc. (NASDAQ:BCOV) for 355 shs. Deutsche Comml Bank Ag reported 142,085 shs. Gsa Capital Partners Ltd Liability Partnership stated it has 0.03% of its capital in Brightcove Inc. (NASDAQ:BCOV). Jacobs Levy Equity Incorporated reported 282,067 shs. Ameritas Investment Prtn holds 0% of its capital in Brightcove Inc. (NASDAQ:BCOV) for 2,425 shs. National Bank & Trust Of Montreal Can reported 1,116 shs stake. Ballentine Ptnrs Ltd holds 13,700 shs. Panagora Asset Management Inc has invested 0% of its capital in Brightcove Inc. (NASDAQ:BCOV).

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 is hitting $9.675 during the last trading session, after increased 0.26%.Brightcove Inc. has volume of 40,610 shares. Since June 29, 2017 BCOV has risen 75.00% and is uptrending. BCOV outperformed the S&P500 by 62.43%.

On July, 25 is anticipated Brightcove Inc. (NASDAQ:BCOV)’s earnings report, Faxor reports. The earnings per share diference is $0.08 or 40.00 % up from last years number. Previous year: $-0.2; Analysts forcast: $-0.12. After $-0.04 EPS report last quarter, Wall Street now forecasts 200.00 % negative EPS growth of Brightcove Inc..

Brightcove Inc. (NASDAQ:BCOV) Ratings Coverage

Total analysts of 4 have positions in Brightcove Inc (NASDAQ:BCOV) as follows: 3 rated it a “Buy”, 0 with “Sell” and 1 with “Hold”. The positive are 75%. The firm has $13 highest while $7.7 is the lowest price target. The average target $11.18 is 15.56% above the last ($9.675) price. Since February 23, 2018 according to StockzIntelligence Inc Brightcove Inc has 4 analyst reports. On Friday, February 23 the firm earned “Buy” rating by Northland Capital. On Tuesday, May 22 Stifel Nicolaus maintained the shares of BCOV in report with “Buy” rating.

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