StockNews.com Initiates Coverage on Brightcove (NASDAQ:BCOV)

Analysts at StockNews.com started coverage on shares of Brightcove (NASDAQ:BCOV) in a research note issued on Monday. The firm set a “buy” rating on the software maker’s stock.

Brightcove Stock Performance

NASDAQ BCOV opened at $4.45 on Monday. Brightcove has a one year low of $1.94 and a one year high of $4.46. The company has a 50-day simple moving average of $4.45 and a 200-day simple moving average of $4.26. The firm 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

Several institutional investors have recently made changes to their positions in BCOV. Quinn Opportunity Partners LLC bought a new stake in shares of Brightcove in the 4th quarter worth approximately $44,000. LPL Financial LLC acquired a new stake in Brightcove in the fourth quarter worth $46,000. Invesco Ltd. bought a new stake in Brightcove in the fourth quarter valued at $47,000. Schonfeld Strategic Advisors LLC acquired a new position in shares of Brightcove during the fourth quarter valued at $62,000. Finally, Globeflex Capital L P bought a new position in shares of Brightcove during the fourth quarter worth about $75,000. 80.12% of the stock is owned by institutional investors.

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.