Brightcove (NASDAQ:BCOV) Research Coverage Started at StockNews.com

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

A number of other analysts have also issued reports on BCOV. Rosenblatt Securities restated a “neutral” rating and issued a $4.45 price target (down previously from $5.00) on shares of Brightcove in a research note on Monday, November 25th. Lake Street Capital lowered shares of Brightcove from a “strong-buy” rating to a “hold” rating in a research note on Monday, November 25th.

Brightcove Stock Performance

Shares of NASDAQ:BCOV opened at $4.45 on Thursday. The company has a fifty day simple moving average of $4.41 and a 200 day simple moving average of $3.25. The firm has a market cap of $202.12 million, a PE ratio of -21.19 and a beta of 1.01. Brightcove has a 12-month low of $1.55 and a 12-month high of $4.46.

Institutional Trading of Brightcove

Several institutional investors have recently added to or reduced their stakes in BCOV. Beryl Capital Management LLC bought a new stake in Brightcove during the fourth quarter valued at $19,575,000. Renaissance Technologies LLC increased its stake in Brightcove by 33.3% during the fourth quarter. Renaissance Technologies LLC now owns 1,832,251 shares of the software maker’s stock valued at $7,970,000 after purchasing an additional 458,019 shares during the last quarter. Susquehanna International Group LLP increased its stake in Brightcove by 626.8% during the fourth quarter. Susquehanna International Group LLP now owns 422,816 shares of the software maker’s stock valued at $1,839,000 after purchasing an additional 364,642 shares during the last quarter. Oxford Asset Management LLP acquired a new position in shares of Brightcove during the fourth quarter valued at $1,436,000. Finally, OMERS ADMINISTRATION Corp acquired a new position in shares of Brightcove during the fourth quarter valued at $1,251,000. Institutional investors 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.