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

StockNews.com initiated coverage on shares of Brightcove (NASDAQ:BCOV) in a report issued on Monday morning. The firm issued a buy rating on the software maker’s stock.

A number of other equities analysts have also commented on BCOV. Rosenblatt Securities reaffirmed a “neutral” rating and issued a $4.45 price objective (down previously from $5.00) on shares of Brightcove in a research note on Monday, November 25th. Lake Street Capital downgraded shares of Brightcove from a “strong-buy” rating to a “hold” rating in a report on Monday, November 25th.

Brightcove Stock Up 0.2 %

Shares of BCOV opened at $4.44 on Monday. Brightcove has a fifty-two week low of $1.55 and a fifty-two week high of $4.44. The firm has a market cap of $200.42 million, a PE ratio of -21.14 and a beta of 1.01. The company’s fifty day moving average is $4.26 and its two-hundred day moving average is $2.98.

Institutional Trading of Brightcove

Several hedge funds have recently bought and sold shares of the business. XTX Topco Ltd bought a new stake in shares of Brightcove during the second quarter valued at about $36,000. Cubist Systematic Strategies LLC purchased a new position in shares of Brightcove during the second quarter worth about $54,000. JPMorgan Chase & Co. grew its holdings in shares of Brightcove by 99.3% during 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. R Squared Ltd purchased a new stake in Brightcove in the fourth quarter worth approximately $90,000. Finally, Point72 Asia Singapore Pte. Ltd. purchased a new stake in Brightcove in the second quarter worth approximately $142,000. 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.