Brightcove (NASDAQ:BCOV) Earns Buy Rating from Analysts at StockNews.com

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

Several other research analysts also recently weighed in on the company. Rosenblatt Securities reiterated a “neutral” rating and issued a $4.45 price target (down from $5.00) on shares of Brightcove in a report on Monday, November 25th. Lake Street Capital lowered Brightcove from a “strong-buy” rating to a “hold” rating in a research note on Monday, November 25th.

Brightcove Stock Performance

Shares of Brightcove stock opened at $4.36 on Thursday. The company has a market cap of $196.79 million, a PE ratio of -20.76 and a beta of 1.02. The business has a 50-day simple moving average of $3.46 and a 200-day simple moving average of $2.66. Brightcove has a one year low of $1.55 and a one year high of $4.40.

Institutional Inflows and Outflows

Hedge funds have recently bought and sold shares of the business. XTX Topco Ltd purchased a new stake in shares of Brightcove during the second quarter valued at approximately $36,000. Wedbush Securities Inc. bought a new stake in shares of Brightcove during the second quarter valued at approximately $47,000. Allspring Global Investments Holdings LLC bought a new stake in shares of Brightcove during the second quarter valued at about $53,000. Cubist Systematic Strategies LLC acquired a new stake in Brightcove in the second quarter worth about $54,000. Finally, JPMorgan Chase & Co. grew its position in Brightcove by 99.3% in the 3rd quarter. JPMorgan Chase & Co. now owns 30,689 shares of the software maker’s stock valued at $66,000 after buying an additional 15,291 shares in the last quarter. Hedge funds and other institutional investors own 80.12% of the company’s stock.

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.