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

Investment analysts at StockNews.com initiated coverage on shares of Brightcove (NASDAQ:BCOV) in a research report issued to clients and investors on Sunday. The brokerage set a “buy” rating on the software maker’s stock.

BCOV has been the topic of a number of other reports. Lake Street Capital lowered shares of 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 target (down previously from $5.00) on shares of Brightcove in a report on Monday, November 25th.

Brightcove Stock Performance

NASDAQ:BCOV opened at $4.45 on Friday. The stock has a fifty day moving average price of $4.44 and a 200 day moving average price of $3.51. Brightcove has a 12-month low of $1.55 and a 12-month high of $4.46. The firm has a market cap of $202.12 million, a PE ratio of -21.19 and a beta of 1.01.

Hedge Funds Weigh In On Brightcove

Several institutional investors have recently added to or reduced their stakes in the stock. Quinn Opportunity Partners LLC acquired a new position in shares of Brightcove in the fourth quarter valued at approximately $44,000. LPL Financial LLC purchased a new position in Brightcove in the 4th quarter valued at $46,000. Invesco Ltd. acquired a new position in Brightcove in the 4th quarter valued at $47,000. Schonfeld Strategic Advisors LLC acquired a new stake in shares of Brightcove in the 4th quarter worth $62,000. Finally, JPMorgan Chase & Co. lifted its stake 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 worth $66,000 after acquiring an additional 15,291 shares during the period. 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.