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

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

Other equities analysts also recently issued research reports about the stock. Lake Street Capital lowered 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 target price (down previously from $5.00) on shares of Brightcove in a report on Monday, November 25th.

Brightcove Price Performance

BCOV stock opened at $4.45 on Monday. The business has a fifty day moving average of $4.44 and a two-hundred day moving average of $3.62. Brightcove has a 52-week low of $1.55 and a 52-week high of $4.46. The stock has a market cap of $202.12 million, a price-to-earnings ratio of -21.19 and a beta of 1.01.

Institutional Inflows and Outflows

A number of hedge funds have recently modified their holdings of BCOV. Quinn Opportunity Partners LLC purchased a new position in shares of Brightcove during the 4th quarter worth about $44,000. LPL Financial LLC purchased a new stake in shares of Brightcove during the fourth quarter valued at approximately $46,000. Invesco Ltd. purchased a new stake in Brightcove during the 4th quarter worth $47,000. Schonfeld Strategic Advisors LLC acquired a new position in shares of Brightcove in the fourth quarter worth about $62,000. Finally, JPMorgan Chase & Co. raised its position in shares of Brightcove by 99.3% in the 3rd quarter. JPMorgan Chase & Co. now owns 30,689 shares of the software maker’s stock valued at $66,000 after purchasing an additional 15,291 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.