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

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

Other research analysts also recently issued research reports about the stock. Lake Street Capital downgraded shares of Brightcove from a “strong-buy” rating to a “hold” rating in a research note on Monday, November 25th. Rosenblatt Securities restated a “neutral” rating and issued a $4.45 price objective (down 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’s 50-day moving average is $4.44 and its two-hundred day moving average is $3.61. The firm has a market capitalization of $202.12 million, a P/E ratio of -21.19 and a beta of 1.01. Brightcove has a 1 year low of $1.55 and a 1 year high of $4.46.

Institutional Investors Weigh In On Brightcove

Several hedge funds and other institutional investors have recently made changes to their positions in the business. Beryl Capital Management LLC acquired a new position in Brightcove in the fourth quarter valued at approximately $19,575,000. Renaissance Technologies LLC lifted its position in shares of Brightcove by 33.3% during the 4th quarter. Renaissance Technologies LLC now owns 1,832,251 shares of the software maker’s stock worth $7,970,000 after buying an additional 458,019 shares during the last quarter. Susquehanna International Group LLP boosted its holdings in shares of Brightcove by 626.8% in the 4th quarter. Susquehanna International Group LLP now owns 422,816 shares of the software maker’s stock valued at $1,839,000 after buying an additional 364,642 shares in the last quarter. Oxford Asset Management LLP purchased a new position in shares of Brightcove in the 4th quarter valued at $1,436,000. Finally, OMERS ADMINISTRATION Corp acquired a new stake in Brightcove during the 4th quarter worth $1,251,000. 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.