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

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

Brightcove Stock Performance

BCOV opened at $4.45 on Friday. The company has a market capitalization of $202.12 million, a P/E ratio of -21.19 and a beta of 1.01. The stock has a fifty day moving average of $4.45 and a 200-day moving average of $4.18. Brightcove has a fifty-two week low of $1.90 and a fifty-two week high of $4.46.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently bought and sold shares of the stock. Quinn Opportunity Partners LLC bought a new position in Brightcove in the fourth quarter valued at about $44,000. LPL Financial LLC acquired a new position in shares of Brightcove in the fourth quarter worth approximately $46,000. Invesco Ltd. acquired a new position in shares of Brightcove in the fourth quarter worth approximately $47,000. Schonfeld Strategic Advisors LLC acquired a new position in shares of Brightcove in the fourth quarter worth approximately $62,000. Finally, Globeflex Capital L P bought a new position in shares of Brightcove during the 4th quarter worth approximately $75,000. 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.