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

StockNews.com initiated coverage on shares of Brightcove (NASDAQ:BCOV) in a research report report published on Wednesday morning. The firm issued a buy rating on the software maker’s stock.

A number of other research firms have also issued reports on BCOV. Lake Street Capital lowered Brightcove from a “strong-buy” rating to a “hold” rating in a research report on Monday, November 25th. 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 note on Monday, November 25th.

Brightcove Stock Performance

BCOV opened at $4.45 on Wednesday. Brightcove has a twelve month low of $1.55 and a twelve month high of $4.46. The firm has a market capitalization of $202.12 million, a PE ratio of -21.19 and a beta of 1.01. The firm’s 50-day moving average price is $4.39 and its 200 day moving average price is $3.14.

Institutional Trading of Brightcove

Several hedge funds have recently made changes to their positions in the company. P.A.W. Capital Corp acquired a new position in Brightcove in the third quarter valued at approximately $540,000. ABC Arbitrage SA purchased a new stake in Brightcove in the fourth quarter valued at $1,038,000. Jacobs Levy Equity Management Inc. lifted its stake in shares of Brightcove by 1,124.9% in the 3rd quarter. Jacobs Levy Equity Management Inc. now owns 245,526 shares of the software maker’s stock valued at $530,000 after purchasing an additional 225,482 shares during the last quarter. Edenbrook Capital LLC grew its holdings in shares of Brightcove by 1.8% during the 3rd quarter. Edenbrook Capital LLC now owns 6,651,535 shares of the software maker’s stock worth $14,367,000 after purchasing an additional 120,121 shares during the period. Finally, Virtu Financial LLC acquired a new stake in shares of Brightcove during the 4th quarter worth about $392,000. 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.