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

Research analysts at StockNews.com assumed coverage on shares of Brightcove (NASDAQ:BCOV) in a note issued to investors on Wednesday. The brokerage set a “buy” rating on the software maker’s stock.

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

Brightcove Price Performance

NASDAQ BCOV opened at $4.45 on Wednesday. Brightcove has a 1-year low of $1.55 and a 1-year 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 business has a 50 day moving average price of $4.39 and a 200 day moving average price of $3.13.

Institutional Trading of Brightcove

Several institutional investors and hedge funds have recently bought and sold shares of BCOV. LPL Financial LLC bought a new position in Brightcove in the 4th quarter worth approximately $46,000. Globeflex Capital L P bought a new position in Brightcove in the 4th quarter worth approximately $75,000. R Squared Ltd bought a new position in Brightcove in the 4th quarter worth approximately $90,000. Cubist Systematic Strategies LLC acquired a new stake in Brightcove in the second quarter worth approximately $54,000. Finally, JPMorgan Chase & Co. lifted its position in Brightcove by 99.3% in the third quarter. JPMorgan Chase & Co. now owns 30,689 shares of the software maker’s stock worth $66,000 after purchasing an additional 15,291 shares during the period. Institutional investors and hedge funds own 80.12% of the company’s stock.

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.