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

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

Several other analysts also recently commented on the stock. Rosenblatt Securities reissued a “neutral” rating and issued a $4.45 target price (down from $5.00) on shares of Brightcove in a research report on Monday, November 25th. Lake Street Capital cut shares of Brightcove from a “strong-buy” rating to a “hold” rating in a report on Monday, November 25th.

Brightcove Price Performance

Shares of Brightcove stock opened at $4.37 on Thursday. The firm has a market cap of $197.24 million, a price-to-earnings ratio of -20.81 and a beta of 1.01. The stock has a 50-day simple moving average of $3.37 and a 200-day simple moving average of $2.63. Brightcove has a 52-week low of $1.55 and a 52-week high of $4.40.

Institutional Investors Weigh In On Brightcove

Hedge funds have recently bought and sold shares of the company. First Eagle Investment Management LLC raised its stake in Brightcove by 81.4% during the 2nd quarter. First Eagle Investment Management LLC now owns 600,334 shares of the software maker’s stock valued at $1,423,000 after purchasing an additional 269,302 shares during the last quarter. Edenbrook Capital LLC raised its position in shares of Brightcove by 1.8% during the third quarter. Edenbrook Capital LLC now owns 6,651,535 shares of the software maker’s stock valued at $14,367,000 after buying an additional 120,121 shares during the last quarter. P.A.W. Capital Corp bought a new stake in shares of Brightcove in the third quarter valued at about $540,000. Point72 Asia Singapore Pte. Ltd. acquired a new stake in Brightcove during the second quarter worth about $142,000. Finally, Nantahala Capital Management LLC bought a new position in Brightcove during the second quarter valued at about $3,114,000. 80.12% of the stock is currently owned by institutional investors.

About Brightcove

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.