Brightcove (NASDAQ:BCOV) Earns Buy Rating from Analysts at StockNews.com

Equities researchers at StockNews.com assumed coverage on shares of Brightcove (NASDAQ:BCOV) in a research report issued on Saturday. The brokerage set a “buy” rating on the software maker’s stock.

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

Brightcove Stock Performance

NASDAQ:BCOV opened at $4.45 on Friday. Brightcove has a twelve month low of $1.55 and a twelve month high of $4.46. The company has a market capitalization of $202.12 million, a P/E ratio of -21.19 and a beta of 1.01. The firm has a 50-day moving average price of $4.42 and a two-hundred day moving average price of $3.39.

Institutional Investors Weigh In On Brightcove

Hedge funds and other institutional investors have recently made changes to their positions in the business. Quinn Opportunity Partners LLC purchased a new stake in Brightcove in the fourth quarter valued at approximately $44,000. LPL Financial LLC purchased a new position in Brightcove in the fourth quarter valued at approximately $46,000. Invesco Ltd. acquired a new position in Brightcove during the fourth quarter valued at approximately $47,000. Schonfeld Strategic Advisors LLC purchased a new stake in Brightcove during the fourth quarter worth approximately $62,000. Finally, Globeflex Capital L P acquired a new stake in shares of Brightcove in the fourth quarter worth $75,000. Hedge funds and other institutional investors 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.