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

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

Other analysts have also recently issued research reports about the stock. Lake Street Capital cut shares of Brightcove from a “strong-buy” rating to a “hold” rating in a research note on Monday, November 25th. Rosenblatt Securities reiterated a “neutral” rating and issued a $4.45 price target (down previously from $5.00) on shares of Brightcove in a research note on Monday, November 25th.

Brightcove Price Performance

Shares of BCOV stock opened at $4.45 on Thursday. The stock has a market cap of $202.12 million, a P/E ratio of -21.19 and a beta of 1.01. The company has a fifty day moving average price of $4.40 and a two-hundred day moving average price of $3.21. Brightcove has a one year low of $1.55 and a one year high of $4.46.

Institutional Trading of Brightcove

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