StockNews.com Begins Coverage on Brightcove (NASDAQ:BCOV)

Stock analysts at StockNews.com began coverage on shares of Brightcove (NASDAQ:BCOV) in a research report issued on Tuesday. The firm set a “buy” rating on the software maker’s stock.

BCOV has been the subject of several other research reports. Lake Street Capital cut Brightcove from a “strong-buy” rating to a “hold” rating in a research note on Monday, November 25th. Rosenblatt Securities reissued a “neutral” rating and set a $4.45 price objective (down from $5.00) on shares of Brightcove in a research report on Monday, November 25th.

Brightcove Price Performance

Brightcove stock opened at $4.45 on Tuesday. The firm has a 50 day simple moving average of $4.38 and a 200-day simple moving average of $3.07. The stock has a market cap of $202.10 million, a price-to-earnings ratio of -21.19 and a beta of 1.01. Brightcove has a 1-year low of $1.55 and a 1-year high of $4.46.

Institutional Trading of Brightcove

Institutional investors have recently added to or reduced their stakes in the stock. Cubist Systematic Strategies LLC purchased a new position in shares of Brightcove during the second quarter worth $54,000. AQR Capital Management LLC acquired a new position in Brightcove during the 2nd quarter worth about $143,000. Mackenzie Financial Corp boosted its holdings in Brightcove by 11.0% during the 2nd quarter. Mackenzie Financial Corp now owns 61,329 shares of the software maker’s stock valued at $145,000 after acquiring an additional 6,095 shares during the period. P.A.W. Capital Corp acquired a new position in Brightcove in the 3rd quarter valued at about $540,000. Finally, Edenbrook Capital LLC increased its stake in Brightcove by 1.8% during the third quarter. Edenbrook Capital LLC now owns 6,651,535 shares of the software maker’s stock worth $14,367,000 after purchasing an additional 120,121 shares during the period. Institutional investors and hedge funds 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.