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

StockNews.com started coverage on shares of Brightcove (NASDAQ:BCOV) in a research report released on Thursday morning. The brokerage issued a buy rating on the software maker’s stock.

BCOV has been the subject of several other reports. Lake Street Capital lowered Brightcove from a “strong-buy” rating to a “hold” rating in a research note on Monday, November 25th. Rosenblatt Securities reiterated a “neutral” rating and set 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 BCOV opened at $4.45 on Thursday. Brightcove has a fifty-two week low of $1.55 and a fifty-two week high of $4.46. The company has a market capitalization of $202.12 million, a PE ratio of -21.19 and a beta of 1.01. The stock has a fifty day moving average of $4.41 and a two-hundred day moving average of $3.22.

Institutional Inflows and Outflows

Large investors have recently made changes to their positions in the company. Geode Capital Management LLC grew its position in Brightcove by 0.5% during the fourth quarter. Geode Capital Management LLC now owns 490,700 shares of the software maker’s stock valued at $2,135,000 after acquiring an additional 2,425 shares during the period. Northern Trust Corp lifted its stake in shares of Brightcove by 2.1% in the 4th quarter. Northern Trust Corp now owns 120,179 shares of the software maker’s stock valued at $523,000 after purchasing an additional 2,443 shares in the last quarter. Occudo Quantitative Strategies LP grew its holdings in shares of Brightcove by 20.1% during the 4th quarter. Occudo Quantitative Strategies LP now owns 25,179 shares of the software maker’s stock worth $110,000 after purchasing an additional 4,220 shares during the period. AMH Equity Ltd grew its holdings in shares of Brightcove by 1.5% during the 4th quarter. AMH Equity Ltd now owns 507,513 shares of the software maker’s stock worth $2,208,000 after purchasing an additional 7,513 shares during the period. Finally, JPMorgan Chase & Co. increased its position in Brightcove by 30.1% during the 4th quarter. JPMorgan Chase & Co. now owns 39,938 shares of the software maker’s stock worth $174,000 after purchasing an additional 9,249 shares in the last quarter. 80.12% of the stock is owned by hedge funds and other institutional investors.

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.