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

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

Several other brokerages also recently commented on BCOV. Rosenblatt Securities restated a “neutral” rating and issued a $4.45 price objective (down from $5.00) on shares of Brightcove in a research report on Monday, November 25th. Lake Street Capital downgraded Brightcove from a “strong-buy” rating to a “hold” rating in a research report on Monday, November 25th.

Brightcove Stock Down 0.2 %

Shares of Brightcove stock opened at $4.41 on Friday. The stock’s 50-day simple moving average is $4.14 and its 200-day simple moving average is $2.92. Brightcove has a 52 week low of $1.55 and a 52 week high of $4.44. The company has a market capitalization of $199.07 million, a price-to-earnings ratio of -21.00 and a beta of 1.01.

Institutional Investors Weigh In On Brightcove

Several large investors have recently made changes to their positions in BCOV. XTX Topco Ltd bought a new stake in shares of Brightcove in the second quarter worth about $36,000. Cubist Systematic Strategies LLC bought a new stake in shares of Brightcove in the second quarter worth about $54,000. JPMorgan Chase & Co. increased its holdings in shares of Brightcove by 99.3% in the third quarter. JPMorgan Chase & Co. now owns 30,689 shares of the software maker’s stock worth $66,000 after purchasing an additional 15,291 shares during the last quarter. Point72 Asia Singapore Pte. Ltd. bought a new stake in shares of Brightcove in the second quarter worth about $142,000. Finally, AQR Capital Management LLC bought a new stake in Brightcove during the second quarter worth approximately $143,000. 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.