StockNews.com Begins Coverage on Brightcove (NASDAQ:BCOV)

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

A number of other analysts have also recently weighed in on BCOV. 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 restated a “neutral” rating and set a $4.45 target price (down previously from $5.00) on shares of Brightcove in a research report on Monday, November 25th.

Brightcove Stock Up 0.2 %

Shares of BCOV opened at $4.45 on Tuesday. Brightcove has a fifty-two week low of $1.55 and a fifty-two week high of $4.46. The firm’s 50 day moving average price is $4.37 and its 200 day moving average price is $3.05. The company has a market cap of $202.12 million, a P/E ratio of -21.19 and a beta of 1.01.

Institutional Trading of Brightcove

A number of large investors have recently bought and sold shares of BCOV. Edenbrook Capital LLC grew its stake in Brightcove by 1.8% in the third quarter. Edenbrook Capital LLC now owns 6,651,535 shares of the software maker’s stock valued at $14,367,000 after purchasing an additional 120,121 shares in the last quarter. Geode Capital Management LLC grew its holdings in shares of Brightcove by 8.3% during the 3rd quarter. Geode Capital Management LLC now owns 488,275 shares of the software maker’s stock worth $1,055,000 after purchasing an additional 37,584 shares in the last quarter. P.A.W. Capital Corp acquired a new position in shares of Brightcove in the 3rd quarter valued at approximately $540,000. Jacobs Levy Equity Management Inc. lifted its stake in Brightcove by 1,124.9% during the third quarter. Jacobs Levy Equity Management Inc. now owns 245,526 shares of the software maker’s stock worth $530,000 after purchasing an additional 225,482 shares during the last quarter. Finally, ABC Arbitrage SA bought a new position in Brightcove in the fourth quarter valued at about $1,038,000. 80.12% of the stock is 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.