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

Analysts at StockNews.com assumed coverage on shares of Brightcove (NASDAQ:BCOV) in a report released on Sunday. The firm set a “buy” rating on the software maker’s stock.

Other equities research analysts have also issued research reports about the company. Lake Street Capital lowered Brightcove from a “strong-buy” rating to a “hold” rating in a research report on Monday, November 25th. Rosenblatt Securities reiterated a “neutral” rating and issued a $4.45 price objective (down from $5.00) on shares of Brightcove in a report on Monday, November 25th.

Brightcove Stock Performance

Shares of NASDAQ BCOV opened at $4.42 on Friday. The company has a fifty day moving average price of $4.11 and a 200 day moving average price of $2.91. The firm has a market cap of $199.52 million, a PE ratio of -21.05 and a beta of 1.01. Brightcove has a 1-year low of $1.55 and a 1-year high of $4.44.

Institutional Trading of Brightcove

Several institutional investors and hedge funds have recently bought and sold shares of BCOV. First Eagle Investment Management LLC increased its position in shares of Brightcove by 81.4% during the 2nd quarter. First Eagle Investment Management LLC now owns 600,334 shares of the software maker’s stock worth $1,423,000 after purchasing an additional 269,302 shares during the last quarter. Edenbrook Capital LLC grew its stake in shares of Brightcove by 1.8% in the third quarter. Edenbrook Capital LLC now owns 6,651,535 shares of the software maker’s stock valued at $14,367,000 after buying an additional 120,121 shares in the last quarter. P.A.W. Capital Corp acquired a new position in Brightcove during the third quarter worth $540,000. Point72 Asia Singapore Pte. Ltd. bought a new stake in Brightcove during the second quarter worth $142,000. Finally, Nantahala Capital Management LLC acquired a new stake in Brightcove in the second quarter valued at $3,114,000. 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.