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

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

Several other equities research analysts have also commented on BCOV. Lake Street Capital lowered shares of Brightcove from a “strong-buy” rating to a “hold” rating in a research note on Monday, November 25th. Rosenblatt Securities reiterated a “neutral” rating and set a $4.45 price target (down from $5.00) on shares of Brightcove in a research report on Monday, November 25th.

Brightcove Price Performance

BCOV stock opened at $4.45 on Monday. Brightcove has a 1 year low of $1.55 and a 1 year high of $4.46. The business’s 50-day moving average is $4.44 and its two-hundred day moving average is $3.59. The firm has a market capitalization of $202.12 million, a P/E ratio of -21.19 and a beta of 1.01.

Institutional Trading of Brightcove

Several institutional investors and hedge funds have recently made changes to their positions in BCOV. Squarepoint Ops LLC purchased a new position in Brightcove in the 4th quarter valued at about $1,078,000. Two Sigma Advisers LP lifted its stake in shares of Brightcove by 26.7% during the fourth quarter. Two Sigma Advisers LP now owns 348,200 shares of the software maker’s stock valued at $1,515,000 after buying an additional 73,400 shares during the period. Two Sigma Investments LP lifted its stake in shares of Brightcove by 21.0% during the 4th quarter. Two Sigma Investments LP now owns 418,479 shares of the software maker’s stock worth $1,820,000 after purchasing an additional 72,496 shares during the period. Occudo Quantitative Strategies LP boosted its holdings in shares of Brightcove by 20.1% during the fourth quarter. Occudo Quantitative Strategies LP now owns 25,179 shares of the software maker’s stock worth $110,000 after purchasing an additional 4,220 shares during the last quarter. Finally, OMERS ADMINISTRATION Corp acquired a new stake in shares of Brightcove during the fourth quarter worth $1,251,000. 80.12% of the stock is currently owned by hedge funds and other 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.