Brightcove (NASDAQ:BCOV) Research Coverage Started at StockNews.com

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

Other equities research analysts also recently issued research reports about the company. Rosenblatt Securities restated a “neutral” rating and set a $4.45 target price (down previously 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 research note on Monday, November 25th.

Brightcove Price Performance

Shares of NASDAQ:BCOV opened at $4.45 on Monday. The stock’s 50 day moving average is $4.44 and its 200-day moving average is $3.62. The firm has a market capitalization of $202.12 million, a price-to-earnings ratio of -21.19 and a beta of 1.01. Brightcove has a twelve month low of $1.55 and a twelve month high of $4.46.

Institutional Inflows and Outflows

Hedge funds have recently bought and sold shares of the company. Edenbrook Capital LLC boosted its stake in Brightcove by 1.8% during the third quarter. Edenbrook Capital LLC now owns 6,651,535 shares of the software maker’s stock valued at $14,367,000 after buying an additional 120,121 shares during the last quarter. Jacobs Levy Equity Management Inc. increased its stake in 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 worth $530,000 after purchasing an additional 225,482 shares during the period. Geode Capital Management LLC lifted its holdings in Brightcove by 8.3% during the 3rd quarter. Geode Capital Management LLC now owns 488,275 shares of the software maker’s stock valued at $1,055,000 after buying an additional 37,584 shares in the last quarter. JPMorgan Chase & Co. boosted its holdings in shares of Brightcove by 99.3% in the third quarter. JPMorgan Chase & Co. now owns 30,689 shares of the software maker’s stock valued at $66,000 after purchasing an additional 15,291 shares during the period. Finally, R Squared Ltd bought a new position in shares of Brightcove during the 4th quarter worth $90,000. Institutional investors own 80.12% of the company’s stock.

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.