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

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

A number of other brokerages have also recently weighed in on BCOV. Rosenblatt Securities reiterated 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. Lake Street Capital lowered shares of Brightcove from a “strong-buy” rating to a “hold” rating in a report on Monday, November 25th.

Brightcove Trading Down 0.2 %

NASDAQ BCOV opened at $4.37 on Thursday. Brightcove has a 1-year low of $1.55 and a 1-year high of $4.40. The company has a market capitalization of $197.24 million, a price-to-earnings ratio of -20.81 and a beta of 1.01. The stock’s 50 day moving average is $3.37 and its two-hundred day moving average is $2.63.

Institutional Trading of Brightcove

Several large investors have recently made changes to their positions in the business. First Eagle Investment Management LLC increased 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 in the last quarter. Edenbrook Capital LLC boosted its stake 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 during the last quarter. P.A.W. Capital Corp acquired a new stake in shares of Brightcove during the 3rd quarter worth approximately $540,000. Point72 Asia Singapore Pte. Ltd. acquired a new position in shares of Brightcove in the 2nd quarter valued at $142,000. Finally, Nantahala Capital Management LLC acquired a new position in Brightcove in the second quarter valued at about $3,114,000. 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.