Brightcove (NASDAQ:BCOV) Coverage Initiated by Analysts at StockNews.com

StockNews.com initiated coverage on shares of Brightcove (NASDAQ:BCOV) in a research note issued on Saturday. The firm set a “buy” rating on the software maker’s stock.

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

Brightcove Stock Performance

BCOV opened at $4.41 on Friday. The company has a market cap of $199.05 million, a PE ratio of -21.00 and a beta of 1.01. The stock has a 50-day moving average of $3.85 and a 200-day moving average of $2.80. Brightcove has a 52-week low of $1.55 and a 52-week high of $4.44.

Institutional Inflows and Outflows

Several hedge funds and other institutional investors have recently added to or reduced their stakes in the business. Mackenzie Financial Corp increased its position in shares of Brightcove by 11.0% in the second quarter. Mackenzie Financial Corp now owns 61,329 shares of the software maker’s stock valued at $145,000 after acquiring an additional 6,095 shares during the last quarter. JPMorgan Chase & Co. grew its position in shares of Brightcove by 99.3% in the third 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. XTX Topco Ltd acquired a new position in shares of Brightcove in the second quarter valued at approximately $36,000. Wedbush Securities Inc. bought a new stake in shares of Brightcove in the second quarter valued at approximately $47,000. Finally, Cubist Systematic Strategies LLC acquired a new stake in Brightcove during the second quarter worth about $54,000. 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.