Brightcove (NASDAQ:BCOV) Coverage Initiated by Analysts at StockNews.com

StockNews.com started coverage on shares of Brightcove (NASDAQ:BCOV) in a report issued on Wednesday. The brokerage issued a buy rating on the software maker’s stock.

Brightcove Price Performance

BCOV remained flat at $4.45 during trading on Wednesday. The firm’s fifty day simple moving average is $4.45 and its 200-day simple moving average is $3.81. Brightcove has a 52 week low of $1.55 and a 52 week high of $4.46. The company has a market capitalization of $202.12 million, a P/E ratio of -21.19 and a beta of 1.01.

Institutional Inflows and Outflows

Large investors have recently modified their holdings of the company. Quinn Opportunity Partners LLC acquired a new position in Brightcove in the 4th quarter valued at approximately $44,000. LPL Financial LLC acquired a new stake in Brightcove in the fourth quarter valued at $46,000. Invesco Ltd. bought a new position in Brightcove during the 4th quarter worth $47,000. Schonfeld Strategic Advisors LLC acquired a new position in Brightcove during the 4th quarter worth about $62,000. Finally, JPMorgan Chase & Co. lifted its holdings in Brightcove by 99.3% during the 3rd quarter. JPMorgan Chase & Co. now owns 30,689 shares of the software maker’s stock worth $66,000 after buying an additional 15,291 shares during the period. 80.12% of the stock is currently owned by institutional investors.

Brightcove Company Profile

Brightcove Inc provides cloud-based streaming services the Americas, Europe, the Asia Pacific, Japan, India, and the Middle East. It offers Video Cloud, an online video streaming platform that enables its customers to publish, deliver, and distribute high-quality video to internet-connected devices. The company’s solutions and products comprise Brightcove Marketing Studio, a video streaming solution; Brightcove Communications Studio for marketers and corporate communications professionals; Brightcove Media Studio, a solution for over-the-top (OTT) video services, media publishers, and leading broadcasters to monetize their media, live stream at scale, and nurture their audience lifecycle; Brightcove Audience Insights, a customer data platform for video streaming businesses; Zencoder, a cloud-based video encoding service; and Brightcove Beacon, a platform that enables its customers to launch premium OTT video streaming experiences, as well as Brightcove Marketplace.