StockNews.com Begins Coverage on Brightcove (NASDAQ:BCOV)

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

Several other research analysts also recently weighed in on the company. Rosenblatt Securities reaffirmed a “neutral” rating and set a $4.45 target price (down from $5.00) on shares of Brightcove in a research note on Monday, November 25th. Lake Street Capital downgraded Brightcove from a “strong-buy” rating to a “hold” rating in a research note on Monday, November 25th.

Brightcove Price Performance

Shares of BCOV stock opened at $4.45 on Monday. The company has a market cap of $202.12 million, a price-to-earnings ratio of -21.19 and a beta of 1.01. The stock has a 50 day simple moving average of $4.44 and a 200-day simple moving average of $3.58. Brightcove has a 1-year low of $1.55 and a 1-year high of $4.46.

Institutional Inflows and Outflows

Hedge funds have recently added to or reduced their stakes in the company. Quinn Opportunity Partners LLC acquired a new position in Brightcove in the 4th quarter valued at $44,000. LPL Financial LLC acquired 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 position in Brightcove in the 4th quarter valued at $62,000. Finally, Globeflex Capital L P acquired a new position in Brightcove in the 4th quarter valued at $75,000. 80.12% of the stock is owned by institutional investors and hedge funds.

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.