Brightcove (NASDAQ:BCOV) Earns Buy Rating from Analysts at StockNews.com

Equities researchers at StockNews.com initiated coverage on shares of Brightcove (NASDAQ:BCOV) in a research note issued on Wednesday. The brokerage set a “buy” rating on the software maker’s stock.

Brightcove Stock Performance

BCOV opened at $4.45 on Wednesday. The firm’s fifty day moving average is $4.45 and its two-hundred day moving average is $3.78. The firm has a market cap of $202.12 million, a PE 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 Trading of Brightcove

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

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.