Brightcove (NASDAQ:BCOV) Coverage Initiated by Analysts at StockNews.com

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

BCOV has been the topic of several other research reports. 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 report on Monday, November 25th. Lake Street Capital cut Brightcove from a “strong-buy” rating to a “hold” rating in a research report on Monday, November 25th.

Brightcove Stock Performance

Shares of NASDAQ BCOV opened at $4.45 on Wednesday. The stock has a market capitalization of $202.12 million, a PE ratio of -21.19 and a beta of 1.01. The stock’s fifty day simple moving average is $4.40 and its two-hundred day simple moving average is $3.16. Brightcove has a 12-month low of $1.55 and a 12-month high of $4.46.

Institutional Trading of Brightcove

Hedge funds and other institutional investors have recently made changes to their positions in the business. Edenbrook Capital LLC lifted its holdings in shares of Brightcove by 1.8% during the 3rd quarter. Edenbrook Capital LLC now owns 6,651,535 shares of the software maker’s stock valued at $14,367,000 after purchasing an additional 120,121 shares during the last quarter. P.A.W. Capital Corp purchased a new position in Brightcove in the 3rd quarter worth $540,000. Geode Capital Management LLC raised its stake in Brightcove by 8.3% in the 3rd quarter. Geode Capital Management LLC now owns 488,275 shares of the software maker’s stock worth $1,055,000 after acquiring an additional 37,584 shares during the last quarter. Jacobs Levy Equity Management Inc. raised its stake in Brightcove by 1,124.9% in the 3rd quarter. Jacobs Levy Equity Management Inc. now owns 245,526 shares of the software maker’s stock worth $530,000 after acquiring an additional 225,482 shares during the last quarter. Finally, JPMorgan Chase & Co. raised its stake in Brightcove by 99.3% in the 3rd quarter. JPMorgan Chase & Co. now owns 30,689 shares of the software maker’s stock worth $66,000 after acquiring an additional 15,291 shares during the last quarter. Hedge funds and other 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.