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

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

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

Brightcove Stock Performance

Shares of BCOV stock opened at $4.45 on Friday. Brightcove has a fifty-two week low of $1.55 and a fifty-two week high of $4.46. The firm has a market cap of $202.12 million, a P/E ratio of -21.19 and a beta of 1.01. The business’s 50 day moving average price is $4.44 and its 200-day moving average price is $3.53.

Institutional Investors Weigh In On Brightcove

Several hedge funds have recently made changes to their positions in the company. Quinn Opportunity Partners LLC purchased a new position in Brightcove during the fourth quarter valued at $44,000. LPL Financial LLC bought a new position in shares of Brightcove in the 4th quarter worth about $46,000. Invesco Ltd. purchased a new position in Brightcove during the 4th quarter valued at about $47,000. Schonfeld Strategic Advisors LLC bought a new stake in Brightcove during the fourth quarter worth about $62,000. Finally, Globeflex Capital L P purchased a new stake in Brightcove in the fourth quarter worth about $75,000. 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.