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

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

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

Brightcove Stock Performance

Shares of NASDAQ BCOV opened at $4.45 on Monday. The stock has a market cap of $202.12 million, a P/E ratio of -21.19 and a beta of 1.01. Brightcove has a twelve month low of $1.55 and a twelve month high of $4.46. The stock has a 50 day moving average of $4.44 and a two-hundred day moving average of $3.61.

Institutional Inflows and Outflows

A number of institutional investors have recently modified their holdings of the stock. Beryl Capital Management LLC purchased a new stake in shares of Brightcove during the fourth quarter worth approximately $19,575,000. Renaissance Technologies LLC increased its stake in Brightcove by 33.3% in the 4th quarter. Renaissance Technologies LLC now owns 1,832,251 shares of the software maker’s stock valued at $7,970,000 after buying an additional 458,019 shares during the period. Susquehanna International Group LLP increased its stake in Brightcove by 626.8% in the 4th quarter. Susquehanna International Group LLP now owns 422,816 shares of the software maker’s stock valued at $1,839,000 after buying an additional 364,642 shares during the period. Oxford Asset Management LLP purchased a new position in Brightcove during the 4th quarter worth $1,436,000. Finally, OMERS ADMINISTRATION Corp acquired a new stake in shares of Brightcove in the 4th quarter worth $1,251,000. 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.