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

StockNews.com initiated coverage on shares of Brightcove (NASDAQ:BCOV) in a research note released on Thursday morning. The brokerage issued 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 report on Monday, November 25th. Rosenblatt Securities reaffirmed a “neutral” rating and issued a $4.45 price objective (down previously 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 1 year low of $1.55 and a 1 year high of $4.46. The company has a market cap of $202.12 million, a price-to-earnings ratio of -21.19 and a beta of 1.01. The firm has a fifty day moving average of $4.41 and a 200-day moving average of $3.25.

Institutional Investors Weigh In On Brightcove

Several institutional investors have recently bought and sold shares of the stock. Geode Capital Management LLC lifted its holdings in Brightcove by 0.5% in the fourth quarter. Geode Capital Management LLC now owns 490,700 shares of the software maker’s stock worth $2,135,000 after purchasing an additional 2,425 shares during the period. Northern Trust Corp lifted its holdings in 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 acquiring an additional 2,443 shares during the last quarter. Occudo Quantitative Strategies LP lifted its holdings in Brightcove by 20.1% in the 4th quarter. Occudo Quantitative Strategies LP now owns 25,179 shares of the software maker’s stock valued at $110,000 after acquiring an additional 4,220 shares during the last quarter. AMH Equity Ltd lifted its holdings in Brightcove by 1.5% in the 4th quarter. AMH Equity Ltd now owns 507,513 shares of the software maker’s stock valued at $2,208,000 after acquiring an additional 7,513 shares during the last quarter. Finally, JPMorgan Chase & Co. lifted its holdings in Brightcove by 30.1% in the 4th quarter. JPMorgan Chase & Co. now owns 39,938 shares of the software maker’s stock valued at $174,000 after acquiring an additional 9,249 shares during the last quarter. 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.