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

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

A number of other brokerages have also weighed in on BCOV. Rosenblatt Securities restated a “neutral” rating and issued a $4.45 price objective (down from $5.00) on shares of Brightcove in a report on Monday, November 25th. Lake Street Capital lowered 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 Friday. Brightcove has a twelve month low of $1.55 and a twelve month high of $4.46. The firm has a market cap of $202.12 million, a P/E ratio of -21.19 and a beta of 1.01. The company has a 50 day moving average of $4.44 and a 200 day moving average of $3.50.

Institutional Investors Weigh In On Brightcove

A number of hedge funds have recently added to or reduced their stakes in BCOV. Quinn Opportunity Partners LLC purchased a new stake in Brightcove during the 4th quarter valued at $44,000. LPL Financial LLC purchased a new stake in shares of Brightcove in the 4th quarter worth $46,000. Invesco Ltd. purchased a new stake in shares of Brightcove in the 4th quarter worth $47,000. Schonfeld Strategic Advisors LLC purchased a new stake in shares of Brightcove in the 4th quarter worth $62,000. Finally, JPMorgan Chase & Co. increased its stake 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 purchasing an additional 15,291 shares in the last quarter. 80.12% of the stock is currently owned by hedge funds and other institutional investors.

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.