Brightcove (NASDAQ:BCOV) Earns Buy Rating from Analysts at StockNews.com

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

Brightcove Price Performance

BCOV opened at $4.45 on Thursday. Brightcove has a 52-week low of $1.55 and a 52-week high of $4.46. The company has a 50 day moving average of $4.45 and a two-hundred day moving average of $3.89. The company has a market cap of $202.12 million, a P/E ratio of -21.19 and a beta of 1.01.

Institutional Trading of Brightcove

Several large investors have recently added to or reduced their stakes in the stock. Geode Capital Management LLC lifted its stake in shares of Brightcove by 0.5% during the fourth quarter. Geode Capital Management LLC now owns 490,700 shares of the software maker’s stock worth $2,135,000 after purchasing an additional 2,425 shares in the last quarter. Northern Trust Corp lifted its position in Brightcove by 2.1% during the 4th quarter. Northern Trust Corp now owns 120,179 shares of the software maker’s stock worth $523,000 after acquiring an additional 2,443 shares in the last quarter. Occudo Quantitative Strategies LP boosted its holdings in Brightcove by 20.1% in the 4th quarter. Occudo Quantitative Strategies LP now owns 25,179 shares of the software maker’s stock worth $110,000 after acquiring an additional 4,220 shares during the period. AMH Equity Ltd grew its position 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 acquiring an additional 7,513 shares in the last quarter. Finally, JPMorgan Chase & Co. grew its position in Brightcove by 30.1% in the fourth quarter. JPMorgan Chase & Co. now owns 39,938 shares of the software maker’s stock valued at $174,000 after acquiring an additional 9,249 shares in the last quarter. 80.12% of the stock is currently owned by institutional investors and hedge funds.

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.