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

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

Several other equities analysts have also recently issued reports on the company. Rosenblatt Securities reiterated 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 lowered Brightcove from a “strong-buy” rating to a “hold” rating in a report on Monday, November 25th.

Brightcove Price Performance

Shares of Brightcove stock opened at $4.45 on Thursday. The firm has a market cap of $202.12 million, a price-to-earnings ratio of -21.19 and a beta of 1.01. Brightcove has a 52-week low of $1.55 and a 52-week high of $4.46. The company’s 50-day simple moving average is $4.41 and its 200-day simple moving average is $3.22.

Institutional Investors Weigh In On Brightcove

Several institutional investors have recently modified their holdings of BCOV. Quinn Opportunity Partners LLC purchased a new position in Brightcove in the 4th quarter valued at approximately $44,000. LPL Financial LLC purchased a new position in shares of Brightcove in the fourth quarter valued at $46,000. Invesco Ltd. purchased a new position in shares of Brightcove in the fourth quarter valued at $47,000. Schonfeld Strategic Advisors LLC acquired a new position in shares of Brightcove during the 4th quarter worth $62,000. Finally, JPMorgan Chase & Co. boosted its position in shares of 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 buying an additional 15,291 shares in the last quarter. Hedge funds and other 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.