Brightcove (NASDAQ:BCOV) Rating Lowered to Buy at StockNews.com

Brightcove (NASDAQ:BCOV) was downgraded by investment analysts at StockNews.com from a “strong-buy” rating to a “buy” rating in a report issued on Monday.

BCOV has been the subject of several other reports. Rosenblatt Securities restated a “neutral” rating and issued a $4.45 target price (down from $5.00) on shares of Brightcove in a research note on Monday, November 25th. Lake Street Capital downgraded Brightcove from a “strong-buy” rating to a “hold” rating in a research note on Monday, November 25th.

Brightcove Stock Performance

NASDAQ:BCOV opened at $4.28 on Monday. The company’s 50-day simple moving average is $2.66 and its 200-day simple moving average is $2.37. Brightcove has a fifty-two week low of $1.55 and a fifty-two week high of $4.33.

Insider Transactions at Brightcove

In other news, major shareholder Edenbrook Capital, Llc bought 20,000 shares of the firm’s stock in a transaction that occurred on Thursday, September 26th. The stock was purchased at an average price of $2.07 per share, with a total value of $41,400.00. Following the completion of the acquisition, the insider now directly owns 6,651,535 shares of the company’s stock, valued at $13,768,677.45. This trade represents a 0.30 % increase in their position. The purchase was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Over the last ninety days, insiders purchased 48,988 shares of company stock worth $100,789. Company insiders own 4.20% of the company’s stock.

Hedge Funds Weigh In On Brightcove

Institutional investors have recently bought and sold shares of the business. Price T Rowe Associates Inc. MD acquired a new position in Brightcove during the first quarter valued at $29,000. Aaron Wealth Advisors LLC purchased a new position in Brightcove during the second quarter valued at approximately $34,000. XTX Topco Ltd acquired a new position in Brightcove in the second quarter valued at approximately $36,000. Wedbush Securities Inc. purchased a new stake in Brightcove in the 2nd quarter worth approximately $47,000. Finally, Allspring Global Investments Holdings LLC purchased a new stake in Brightcove in the 2nd quarter worth approximately $53,000. 80.12% of the stock is owned by hedge funds and other 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.