Brightcove (NASDAQ:BCOV) Research Coverage Started at StockNews.com

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

A number of other research firms have also recently commented on BCOV. Lake Street Capital cut shares of Brightcove from a “strong-buy” rating to a “hold” rating in a research note on Monday, November 25th. Rosenblatt Securities reaffirmed a “neutral” rating and set a $4.45 target price (down previously from $5.00) on shares of Brightcove in a research note on Monday, November 25th.

Brightcove Stock Performance

BCOV opened at $4.43 on Monday. Brightcove has a 12-month low of $1.55 and a 12-month high of $4.44. The firm has a market capitalization of $199.97 million, a PE ratio of -21.09 and a beta of 1.01. The firm has a 50 day moving average of $4.31 and a two-hundred day moving average of $3.00.

Institutional Inflows and Outflows

Several hedge funds and other institutional investors have recently made changes to their positions in BCOV. XTX Topco Ltd purchased a new stake in shares of Brightcove during the second quarter worth approximately $36,000. Cubist Systematic Strategies LLC acquired a new stake in Brightcove during the second quarter worth approximately $54,000. AQR Capital Management LLC acquired a new stake in shares of Brightcove during the second quarter worth about $143,000. Mackenzie Financial Corp boosted its position in shares of Brightcove by 11.0% in the 2nd quarter. Mackenzie Financial Corp now owns 61,329 shares of the software maker’s stock valued at $145,000 after purchasing an additional 6,095 shares during the period. Finally, Nantahala Capital Management LLC purchased a new position in Brightcove during the 2nd quarter worth approximately $3,114,000. Hedge funds and other 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.