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

Equities researchers at StockNews.com assumed coverage on shares of Brightcove (NASDAQ:BCOV) in a research report issued on Thursday. The firm set a “buy” rating on the software maker’s stock.

BCOV has been the topic of several other research reports. Lake Street Capital cut Brightcove from a “strong-buy” rating to a “hold” rating in a report on Monday, November 25th. Rosenblatt Securities reissued 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 stock opened at $4.36 on Thursday. Brightcove has a 52 week low of $1.55 and a 52 week high of $4.40. The stock has a market capitalization of $196.79 million, a PE ratio of -20.76 and a beta of 1.02. The stock’s fifty day moving average is $3.41 and its 200-day moving average is $2.64.

Institutional Investors Weigh In On Brightcove

A number of institutional investors have recently added to or reduced their stakes in BCOV. First Eagle Investment Management LLC raised its holdings in shares of Brightcove by 81.4% during the second quarter. First Eagle Investment Management LLC now owns 600,334 shares of the software maker’s stock valued at $1,423,000 after purchasing an additional 269,302 shares during the period. Edenbrook Capital LLC raised its stake in shares of Brightcove by 1.8% in the third quarter. Edenbrook Capital LLC now owns 6,651,535 shares of the software maker’s stock valued at $14,367,000 after buying an additional 120,121 shares during the period. P.A.W. Capital Corp purchased a new stake in Brightcove during the third quarter valued at about $540,000. Point72 Asia Singapore Pte. Ltd. purchased a new position in Brightcove in the 2nd quarter valued at approximately $142,000. Finally, Nantahala Capital Management LLC bought a new stake in shares of Brightcove during the 2nd quarter valued at $3,114,000. 80.12% of the stock is 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.