StockNews.com Begins Coverage on Brightcove (NASDAQ:BCOV)

StockNews.com initiated coverage on shares of Brightcove (NASDAQ:BCOV) in a research report sent to investors on Friday morning. The brokerage issued a buy rating on the software maker’s stock.

BCOV has been the topic of a number of other research reports. Lake Street Capital cut Brightcove from a “strong-buy” rating to a “hold” rating in a research report on Monday, November 25th. Rosenblatt Securities reiterated a “neutral” rating and set a $4.45 price objective (down from $5.00) on shares of Brightcove in a research note on Monday, November 25th.

Brightcove Trading Up 0.7 %

Shares of BCOV stock opened at $4.36 on Friday. The stock has a 50 day simple moving average of $3.68 and a 200 day simple moving average of $2.75. Brightcove has a 1 year low of $1.55 and a 1 year high of $4.40. The stock has a market cap of $196.79 million, a P/E ratio of -20.76 and a beta of 1.01.

Institutional Investors Weigh In On Brightcove

A number of large investors have recently modified their holdings of BCOV. JPMorgan Chase & Co. lifted its position in shares of 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 last quarter. Geode Capital Management LLC raised its stake in Brightcove by 8.3% during the third quarter. Geode Capital Management LLC now owns 488,275 shares of the software maker’s stock worth $1,055,000 after acquiring an additional 37,584 shares in the last quarter. Jacobs Levy Equity Management Inc. lifted its holdings in shares of Brightcove by 1,124.9% in the third quarter. Jacobs Levy Equity Management Inc. now owns 245,526 shares of the software maker’s stock worth $530,000 after acquiring an additional 225,482 shares during the last quarter. Edenbrook Capital LLC boosted its stake in shares of Brightcove by 1.8% in the 3rd quarter. Edenbrook Capital LLC now owns 6,651,535 shares of the software maker’s stock valued at $14,367,000 after purchasing an additional 120,121 shares in the last quarter. Finally, P.A.W. Capital Corp bought a new stake in shares of Brightcove during the 3rd quarter valued at approximately $540,000. Institutional investors and hedge funds 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.