Brightcove (NASDAQ:BCOV) Now Covered by Analysts at StockNews.com

StockNews.com started coverage on shares of Brightcove (NASDAQ:BCOV) in a research note released on Saturday morning. The firm issued a buy rating on the software maker’s stock.

Several other research analysts also recently commented on the company. Lake Street Capital downgraded 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 target price (down from $5.00) on shares of Brightcove in a research note on Monday, November 25th.

Brightcove Stock Performance

Brightcove stock opened at $4.41 on Friday. Brightcove has a 52 week low of $1.55 and a 52 week high of $4.44. The firm has a market capitalization of $199.05 million, a PE ratio of -21.00 and a beta of 1.01. The business’s 50-day simple moving average is $3.90 and its 200-day simple moving average is $2.82.

Institutional Trading of Brightcove

Several institutional investors have recently modified their holdings of the company. XTX Topco Ltd bought a new position in Brightcove in the second quarter worth $36,000. Wedbush Securities Inc. bought a new position in shares of Brightcove during the 2nd quarter worth about $47,000. Cubist Systematic Strategies LLC acquired a new stake in shares of Brightcove during the 2nd quarter valued at about $54,000. JPMorgan Chase & Co. increased its stake in Brightcove by 99.3% in the third quarter. JPMorgan Chase & Co. now owns 30,689 shares of the software maker’s stock valued at $66,000 after acquiring an additional 15,291 shares during the period. Finally, Point72 Asia Singapore Pte. Ltd. bought a new stake in Brightcove in the second quarter valued at about $142,000. 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.