Brightcove (NASDAQ:BCOV) Earns Buy Rating from Analysts at StockNews.com

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

A number of other equities research analysts also recently issued reports on the company. Rosenblatt Securities restated 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. Lake Street Capital cut Brightcove from a “strong-buy” rating to a “hold” rating in a research note on Monday, November 25th.

Brightcove Stock Performance

NASDAQ:BCOV opened at $4.45 on Wednesday. The company has a market capitalization of $202.12 million, a P/E ratio of -21.19 and a beta of 1.01. Brightcove has a 12 month low of $1.55 and a 12 month high of $4.46. The business’s 50-day moving average is $4.40 and its 200 day moving average is $3.16.

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently bought and sold shares of the company. Edenbrook Capital LLC grew its stake in Brightcove by 1.8% in 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 in the last quarter. P.A.W. Capital Corp bought a new position in Brightcove in the third quarter worth approximately $540,000. Geode Capital Management LLC grew its stake in 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 purchasing an additional 37,584 shares in the last quarter. Jacobs Levy Equity Management Inc. grew its stake in Brightcove by 1,124.9% in the third quarter. Jacobs Levy Equity Management Inc. now owns 245,526 shares of the software maker’s stock worth $530,000 after purchasing an additional 225,482 shares in the last quarter. Finally, JPMorgan Chase & Co. grew its stake in Brightcove by 99.3% in the third quarter. JPMorgan Chase & Co. now owns 30,689 shares of the software maker’s stock worth $66,000 after purchasing an additional 15,291 shares in the last quarter. Institutional investors 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.