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

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

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

Brightcove Price Performance

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

Institutional Investors Weigh In On Brightcove

Institutional investors have recently bought and sold shares of the stock. R Squared Ltd purchased a new position in Brightcove in the 4th quarter worth about $90,000. JPMorgan Chase & Co. grew its holdings in shares of Brightcove by 99.3% during the 3rd quarter. JPMorgan Chase & Co. now owns 30,689 shares of the software maker’s stock valued at $66,000 after acquiring an additional 15,291 shares in the last quarter. Geode Capital Management LLC increased its stake in shares of Brightcove by 8.3% in the third 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 holdings in shares of Brightcove by 1,124.9% during the third 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 in the last quarter. Finally, Edenbrook Capital LLC increased its position in Brightcove by 1.8% in the 3rd 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 last quarter. 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.