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

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

A number of other equities research analysts have also recently weighed in on the stock. Lake Street Capital cut shares of Brightcove from a “strong-buy” rating to a “hold” rating in a report on Monday, November 25th. Rosenblatt Securities reissued a “neutral” rating and issued a $4.45 price target (down from $5.00) on shares of Brightcove in a research report on Monday, November 25th.

Brightcove Trading Up 0.7 %

Shares of BCOV opened at $4.36 on Friday. Brightcove has a 1-year low of $1.55 and a 1-year high of $4.40. The firm’s 50-day moving average price is $3.68 and its 200-day moving average price is $2.74. The firm has a market capitalization of $196.79 million, a price-to-earnings ratio of -20.76 and a beta of 1.01.

Institutional Inflows and Outflows

Institutional investors have recently made changes to their positions in the stock. Mackenzie Financial Corp increased its holdings in Brightcove by 11.0% in the 2nd quarter. Mackenzie Financial Corp now owns 61,329 shares of the software maker’s stock worth $145,000 after acquiring an additional 6,095 shares in the last quarter. JPMorgan Chase & Co. increased its stake 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 worth $66,000 after purchasing an additional 15,291 shares in the last quarter. XTX Topco Ltd bought a new stake in shares of Brightcove during the 2nd quarter valued at $36,000. Wedbush Securities Inc. bought a new stake in shares of Brightcove during the 2nd quarter valued at $47,000. Finally, Allspring Global Investments Holdings LLC purchased a new position in shares of Brightcove during the 2nd quarter valued at $53,000. 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.