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

Equities research analysts at StockNews.com started coverage on shares of Brightcove (NASDAQ:BCOV) in a research note issued to investors on Sunday. The brokerage set a “buy” rating on the software maker’s stock.

A number of other analysts also recently issued reports on BCOV. Lake Street Capital downgraded Brightcove from a “strong-buy” rating to a “hold” rating in a research report on Monday, November 25th. Rosenblatt Securities reiterated a “neutral” rating and set a $4.45 price target (down from $5.00) on shares of Brightcove in a research report on Monday, November 25th.

Brightcove Stock Performance

Shares of Brightcove stock opened at $4.42 on Friday. The stock has a 50 day moving average of $4.09 and a 200 day moving average of $2.89. The firm has a market capitalization of $199.52 million, a price-to-earnings ratio of -21.05 and a beta of 1.01. Brightcove has a fifty-two week low of $1.55 and a fifty-two week high of $4.44.

Institutional Investors Weigh In On Brightcove

A number of institutional investors have recently modified their holdings of BCOV. JPMorgan Chase & Co. boosted its holdings in Brightcove by 99.3% during the 3rd quarter. JPMorgan Chase & Co. now owns 30,689 shares of the software maker’s stock valued at $66,000 after acquiring an additional 15,291 shares during the period. Geode Capital Management LLC boosted its stake in shares of Brightcove by 8.3% in the third quarter. Geode Capital Management LLC now owns 488,275 shares of the software maker’s stock valued at $1,055,000 after purchasing an additional 37,584 shares during the period. Jacobs Levy Equity Management Inc. boosted its stake in shares of Brightcove by 1,124.9% in the third 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 period. Edenbrook Capital LLC grew 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 in the last quarter. Finally, P.A.W. Capital Corp purchased a new stake in Brightcove during the 3rd quarter worth approximately $540,000. 80.12% of the stock is owned by institutional investors and hedge funds.

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.