Brightcove (NASDAQ:BCOV) Coverage Initiated by Analysts at StockNews.com

Equities researchers at StockNews.com started coverage on shares of Brightcove (NASDAQ:BCOV) in a research report issued to clients and investors on Friday. The firm set a “buy” rating on the software maker’s stock.

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

Brightcove Stock Performance

Shares of BCOV opened at $4.45 on Friday. Brightcove has a 52-week low of $1.55 and a 52-week high of $4.46. The firm has a market cap of $202.12 million, a price-to-earnings ratio of -21.19 and a beta of 1.01. The business’s fifty day moving average is $4.42 and its 200-day moving average is $3.30.

Institutional Investors Weigh In On Brightcove

Several hedge funds have recently modified their holdings of BCOV. Geode Capital Management LLC raised its position in Brightcove by 0.5% in the fourth quarter. Geode Capital Management LLC now owns 490,700 shares of the software maker’s stock valued at $2,135,000 after purchasing an additional 2,425 shares during the last quarter. Northern Trust Corp increased its stake in shares of Brightcove by 2.1% in the fourth quarter. Northern Trust Corp now owns 120,179 shares of the software maker’s stock valued at $523,000 after buying an additional 2,443 shares during the period. Occudo Quantitative Strategies LP raised its holdings in Brightcove by 20.1% in the 4th quarter. Occudo Quantitative Strategies LP now owns 25,179 shares of the software maker’s stock valued at $110,000 after buying an additional 4,220 shares during the last quarter. AMH Equity Ltd boosted its position in Brightcove by 1.5% during the 4th quarter. AMH Equity Ltd now owns 507,513 shares of the software maker’s stock worth $2,208,000 after buying an additional 7,513 shares during the period. Finally, JPMorgan Chase & Co. grew its holdings in Brightcove by 30.1% during the 4th quarter. JPMorgan Chase & Co. now owns 39,938 shares of the software maker’s stock worth $174,000 after acquiring an additional 9,249 shares during the last quarter. 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.