StockNews.com began coverage on shares of Brightcove (NASDAQ:BCOV – Free Report) in a report released on Sunday. The brokerage issued a buy rating on the software maker’s stock.
BCOV has been the topic of a number of other research reports. Rosenblatt Securities reaffirmed a “neutral” rating and set a $4.45 target price (down previously from $5.00) on shares of Brightcove in a research note on Monday, November 25th. Lake Street Capital cut Brightcove from a “strong-buy” rating to a “hold” rating in a research note on Monday, November 25th.
Get Our Latest Stock Analysis on BCOV
Brightcove Price Performance
Institutional Inflows and Outflows
A number of hedge funds have recently modified their holdings of BCOV. First Eagle Investment Management LLC boosted its holdings in shares of Brightcove by 81.4% in the second quarter. First Eagle Investment Management LLC now owns 600,334 shares of the software maker’s stock valued at $1,423,000 after purchasing an additional 269,302 shares during the period. Edenbrook Capital LLC boosted its holdings in shares of 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 during the period. P.A.W. Capital Corp purchased a new stake in shares of Brightcove in the third quarter valued at approximately $540,000. Point72 Asia Singapore Pte. Ltd. purchased a new stake in shares of Brightcove in the second quarter valued at approximately $142,000. Finally, Nantahala Capital Management LLC purchased a new stake in shares of Brightcove in the second quarter valued at approximately $3,114,000. Institutional investors own 80.12% of the company’s stock.
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.
Read More
- Five stocks we like better than Brightcove
- High Flyers: 3 Natural Gas Stocks for March 2022
- SAP’s Strong Momentum: A Bullish Setup for Investors
- 3 REITs to Buy and Hold for the Long Term
- BlackRock Breaks Records: Why the Stock Still Has Room to Run
- Transportation Stocks Investing
- Duke vs. NRG: Which Energy Stock Will Power Higher Gains?
Receive News & Ratings for Brightcove Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Brightcove and related companies with MarketBeat.com's FREE daily email newsletter.