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

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

Other research analysts have also recently issued research reports about the stock. Rosenblatt Securities restated a “neutral” rating and issued a $4.45 target price (down previously from $5.00) on shares of Brightcove in a research report on Monday, November 25th. Lake Street Capital cut shares of Brightcove from a “strong-buy” rating to a “hold” rating in a report on Monday, November 25th.

Brightcove Stock Performance

NASDAQ BCOV opened at $4.45 on Friday. 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. The company has a 50-day moving average price of $4.42 and a two-hundred day moving average price of $3.30.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently made changes to their positions in the stock. Geode Capital Management LLC boosted its holdings in shares of Brightcove by 0.5% in 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 in the last quarter. Northern Trust Corp boosted its holdings in Brightcove by 2.1% during the fourth quarter. Northern Trust Corp now owns 120,179 shares of the software maker’s stock worth $523,000 after buying an additional 2,443 shares in the last quarter. Occudo Quantitative Strategies LP boosted its holdings in Brightcove by 20.1% during the fourth quarter. Occudo Quantitative Strategies LP now owns 25,179 shares of the software maker’s stock worth $110,000 after buying an additional 4,220 shares in the last quarter. AMH Equity Ltd boosted its holdings in Brightcove by 1.5% during the fourth quarter. AMH Equity Ltd now owns 507,513 shares of the software maker’s stock worth $2,208,000 after buying an additional 7,513 shares in the last quarter. Finally, JPMorgan Chase & Co. boosted its holdings in Brightcove by 30.1% during the fourth quarter. JPMorgan Chase & Co. now owns 39,938 shares of the software maker’s stock worth $174,000 after buying an additional 9,249 shares in the last quarter. 80.12% of the stock is currently owned by institutional investors.

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.