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

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

Several other equities analysts have also recently commented on BCOV. Rosenblatt Securities restated a “neutral” rating and issued a $4.45 price target (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.

Brightcove Stock Performance

NASDAQ BCOV opened at $4.45 on Wednesday. The firm has a market cap of $202.12 million, a price-to-earnings ratio of -21.19 and a beta of 1.01. The firm has a 50 day simple moving average of $4.39 and a 200-day simple moving average of $3.14. Brightcove has a one year low of $1.55 and a one year high of $4.46.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently added to or reduced their stakes in the company. Edenbrook Capital LLC raised its holdings in shares of Brightcove by 1.8% in the 3rd 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. AMH Equity Ltd increased its holdings in Brightcove by 1.5% in the fourth quarter. AMH Equity Ltd now owns 507,513 shares of the software maker’s stock valued at $2,208,000 after buying an additional 7,513 shares during the last quarter. Geode Capital Management LLC lifted its holdings in Brightcove by 0.5% during the 4th quarter. Geode Capital Management LLC now owns 490,700 shares of the software maker’s stock worth $2,135,000 after buying an additional 2,425 shares during the last quarter. Arrowstreet Capital Limited Partnership lifted its holdings in Brightcove by 11.8% during the 4th quarter. Arrowstreet Capital Limited Partnership now owns 380,679 shares of the software maker’s stock worth $1,656,000 after buying an additional 40,284 shares during the last quarter. Finally, P.A.W. Capital Corp purchased a new position in shares of Brightcove in the 3rd quarter valued at about $540,000. Institutional investors and hedge funds 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.