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

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

BCOV has been the topic of several other reports. Rosenblatt Securities reiterated a “neutral” rating and issued a $4.45 price objective (down from $5.00) on shares of Brightcove in a research report 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 Price Performance

Shares of BCOV opened at $4.45 on Friday. The company has a 50-day simple moving average of $4.44 and a 200-day simple moving average of $3.51. Brightcove has a 52-week low of $1.55 and a 52-week high of $4.46. The company has a market capitalization of $202.12 million, a PE ratio of -21.19 and a beta of 1.01.

Hedge Funds Weigh In On Brightcove

Institutional investors have recently made changes to their positions in the stock. Quinn Opportunity Partners LLC purchased a new stake in Brightcove during the 4th quarter worth about $44,000. LPL Financial LLC purchased a new position in Brightcove in the 4th quarter valued at about $46,000. Invesco Ltd. purchased a new position in shares of Brightcove during the fourth quarter valued at approximately $47,000. Schonfeld Strategic Advisors LLC acquired a new stake in Brightcove during the fourth quarter worth approximately $62,000. Finally, JPMorgan Chase & Co. grew its stake in Brightcove by 99.3% in the 3rd quarter. JPMorgan Chase & Co. now owns 30,689 shares of the software maker’s stock worth $66,000 after acquiring an additional 15,291 shares during the period. 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.