Edenbrook Capital Now Owns 14.36% of Brightcove (BCOV)
Fintel reports that Edenbrook Capital has filed a 13D/A form with the SEC disclosing ownership of 6.08MM shares of Brightcove Inc (BCOV). This represents 14.36% of the company.
In their previous filing dated November 16, 2022 they reported 5.61MM shares and 13.33% of the company, an increase in shares of 8.34% and an increase in total ownership of 1.03% (calculated as current - previous percent ownership).
Analyst Price Forecast Suggests 98.40% Upside
As of March 20, 2023, the average one-year price target for Brightcove is $8.67. The forecasts range from a low of $7.07 to a high of $10.50. The average price target represents an increase of 98.40% from its latest reported closing price of $4.37.
See our leaderboard of companies with the largest price target upside.
The projected annual revenue for Brightcove is $214MM, an increase of 1.53%. The projected annual non-GAAP EPS is $0.19.