Brightcove (NASDAQ:BCOV) Stock Rating Lowered by StockNews.com

Brightcove (NASDAQ:BCOV) was downgraded by analysts at StockNews.com from a “strong-buy” rating to a “buy” rating in a report released on Friday.

Brightcove Stock Down 0.4 %

Brightcove stock opened at $2.51 on Friday. Brightcove has a 12-month low of $1.55 and a 12-month high of $4.56. The business’s 50-day moving average price is $2.22 and its two-hundred day moving average price is $2.12. The stock has a market cap of $111.90 million, a PE ratio of -11.41 and a beta of 0.74.

Brightcove (NASDAQ:BCOV) last released its earnings results on Wednesday, May 8th. The software maker reported ($0.04) earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of ($0.06) by $0.02. Brightcove had a negative return on equity of 7.87% and a negative net margin of 4.74%. The firm had revenue of $50.48 million for the quarter. As a group, analysts expect that Brightcove will post -0.31 earnings per share for the current year.

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently bought and sold shares of the business. Quadrature Capital Ltd grew its position in Brightcove by 87.9% in the fourth quarter. Quadrature Capital Ltd now owns 75,610 shares of the software maker’s stock valued at $196,000 after acquiring an additional 35,360 shares during the last quarter. GSA Capital Partners LLP grew its holdings in shares of Brightcove by 151.0% during the first quarter. GSA Capital Partners LLP now owns 225,176 shares of the software maker’s stock worth $437,000 after purchasing an additional 135,462 shares during the last quarter. Mackenzie Financial Corp grew its holdings in shares of Brightcove by 55.3% during the fourth quarter. Mackenzie Financial Corp now owns 22,993 shares of the software maker’s stock worth $60,000 after purchasing an additional 8,186 shares during the last quarter. SG Americas Securities LLC grew its holdings in shares of Brightcove by 32.0% during the fourth quarter. SG Americas Securities LLC now owns 25,612 shares of the software maker’s stock worth $66,000 after purchasing an additional 6,210 shares during the last quarter. Finally, Werba Rubin Papier Wealth Management bought a new stake in shares of Brightcove during the fourth quarter worth about $27,000. Institutional investors own 80.12% of the company’s stock.

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.