Ladenburg analyst Glenn G Mattson reiterated a Buy rating on Brightcove Inc (NASDAQ: BCOV) on November 2 and set a price target of $13. The company’s shares closed on Friday at $7.55.
According to TipRanks.com, Mattson is a 4-star analyst with an average return of 10.2% and a 49.1% success rate. Mattson covers the Technology sector, focusing on stocks such as Datawatch Corp, Attunity Ltd, and Amber Road.
Brightcove Inc has an analyst consensus of Moderate Buy, with a price target consensus of $10.
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Based on Brightcove Inc’s latest earnings release for the quarter ending September 30, the company reported a quarterly GAAP net loss of $3.5 million. In comparison, last year the company had a GAAP net loss of $5.4 million.
Based on the recent corporate insider activity of 25 insiders, corporate insider sentiment is positive on the stock. This means that over the past quarter there has been an increase of insiders buying their shares of BCOV in relation to earlier this year.
TipRanks has tracked 36,000 company insiders and found that a few of them are better than others when it comes to timing their transactions. See which 3 stocks are most likely to make moves following their insider activities.
Brightcove, Inc. engages in the provision of video cloud solutions. It enables customers to publish and distribute video to Internet-connected devices.
