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

StockNews.com initiated coverage on shares of Brightcove (NASDAQ:BCOV) in a report published on Sunday. The brokerage issued a buy rating on the software maker’s stock.

Brightcove Stock Performance

BCOV opened at $4.45 on Friday. The company has a fifty day moving average price of $4.45 and a two-hundred day moving average price of $4.16. Brightcove has a 52 week low of $1.90 and a 52 week high of $4.46. The firm has a market capitalization of $202.12 million, a PE ratio of -21.19 and a beta of 1.01.

Institutional Trading of Brightcove

A number of large investors have recently made changes to their positions in the company. Geode Capital Management LLC increased its position in shares of Brightcove by 0.5% in the 4th quarter. Geode Capital Management LLC now owns 490,700 shares of the software maker’s stock valued at $2,135,000 after buying an additional 2,425 shares in the last quarter. Northern Trust Corp boosted its stake in shares of Brightcove by 2.1% during the 4th quarter. Northern Trust Corp now owns 120,179 shares of the software maker’s stock worth $523,000 after buying an additional 2,443 shares during the last quarter. Occudo Quantitative Strategies LP boosted its stake in shares of Brightcove by 20.1% during the 4th quarter. Occudo Quantitative Strategies LP now owns 25,179 shares of the software maker’s stock worth $110,000 after buying an additional 4,220 shares during the last quarter. AMH Equity Ltd raised its holdings in shares of Brightcove by 1.5% in the 4th quarter. AMH Equity Ltd now owns 507,513 shares of the software maker’s stock valued at $2,208,000 after purchasing an additional 7,513 shares during the period. Finally, JPMorgan Chase & Co. raised its holdings in shares of Brightcove by 30.1% in the 4th quarter. JPMorgan Chase & Co. now owns 39,938 shares of the software maker’s stock valued at $174,000 after purchasing an additional 9,249 shares during the period. Institutional investors own 80.12% of the company’s stock.

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.