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

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

Several other analysts have also issued reports on BCOV. Lake Street Capital lowered shares of 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 issued a $4.45 price target (down from $5.00) on shares of Brightcove in a research note on Monday, November 25th.

Brightcove Price Performance

Shares of NASDAQ:BCOV opened at $4.45 on Monday. The business’s 50 day moving average price is $4.44 and its 200-day moving average price is $3.59. Brightcove has a 1 year low of $1.55 and a 1 year high of $4.46. The firm has a market capitalization of $202.12 million, a price-to-earnings ratio of -21.19 and a beta of 1.01.

Institutional Investors Weigh In On Brightcove

A number of large investors have recently modified their holdings of BCOV. Quinn Opportunity Partners LLC acquired a new position in Brightcove during the fourth quarter worth about $44,000. LPL Financial LLC purchased a new position in Brightcove in the 4th quarter worth approximately $46,000. Invesco Ltd. acquired a new position in shares of Brightcove during the 4th quarter worth approximately $47,000. Schonfeld Strategic Advisors LLC purchased a new stake in shares of Brightcove in the fourth quarter valued at approximately $62,000. Finally, JPMorgan Chase & Co. increased its stake in shares of Brightcove by 99.3% in the 3rd quarter. JPMorgan Chase & Co. now owns 30,689 shares of the software maker’s stock worth $66,000 after acquiring an additional 15,291 shares during the last quarter. 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.