Equities research analysts at StockNews.com initiated coverage on shares of Brightcove (NASDAQ:BCOV – Get Free Report) in a research report issued on Sunday. The firm set a “buy” rating on the software maker’s stock.
A number of other research firms also recently commented on BCOV. Rosenblatt Securities reiterated a “neutral” rating and set a $4.45 target price (down from $5.00) on shares of Brightcove in a research report on Monday, November 25th. Lake Street Capital downgraded Brightcove from a “strong-buy” rating to a “hold” rating in a research report on Monday, November 25th.
Read Our Latest Research Report on Brightcove
Brightcove Stock Performance
Institutional Trading of Brightcove
Hedge funds and other institutional investors have recently bought and sold shares of the stock. Quinn Opportunity Partners LLC purchased a new stake in Brightcove during the 4th quarter valued at $44,000. LPL Financial LLC purchased a new stake in Brightcove during the 4th quarter valued at $46,000. Invesco Ltd. purchased a new stake in Brightcove during the 4th quarter valued at $47,000. Schonfeld Strategic Advisors LLC purchased a new stake in Brightcove during the 4th quarter valued at $62,000. Finally, Globeflex Capital L P purchased a new stake in Brightcove during the 4th quarter valued at $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.
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