Northland Securities Keeps a Buy Rating on Brightcove Inc (BCOV)

By Jason Carr

In a report released today, Michael Latimore from Northland Securities maintained a Buy rating on Brightcove Inc (BCOVResearch Report), with a price target of $14. The company’s shares opened today at $10.11, close to its 52-week high of $10.75.

According to TipRanks.com, Latimore is a 5-star analyst with an average return of 14.8% and a 58.3% success rate. Latimore covers the Technology sector, focusing on stocks such as Super League Gaming Inc, The Meet Group Inc, and Everbridge Inc.

The word on The Street in general, suggests a Moderate Buy analyst consensus rating for Brightcove Inc with a $13 average price target.

See today’s analyst top recommended stocks >>

Based on Brightcove Inc’s latest earnings release for the quarter ending March 31, the company reported a quarterly GAAP net loss of $4.98 million. In comparison, last year the company had a GAAP net loss of $2.26 million.

Based on the recent corporate insider activity of 20 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.