Brightcove (NASDAQ:BCOV) Stock Rating Upgraded by StockNews.com

StockNews.com upgraded shares of Brightcove (NASDAQ:BCOV) from a buy rating to a strong-buy rating in a research note released on Saturday morning.

Brightcove Trading Up 0.4 %

BCOV opened at $2.44 on Friday. Brightcove has a fifty-two week low of $1.55 and a fifty-two week high of $4.56. The firm’s fifty day moving average price is $2.26 and its two-hundred day moving average price is $2.12.

Brightcove (NASDAQ:BCOV) last issued its quarterly earnings data on Wednesday, May 8th. The software maker reported ($0.04) earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of ($0.06) by $0.02. The company had revenue of $50.48 million during the quarter. Brightcove had a negative return on equity of 7.87% and a negative net margin of 4.74%. On average, sell-side analysts anticipate that Brightcove will post -0.31 EPS for the current fiscal year.

Hedge Funds Weigh In On Brightcove

Several large investors have recently bought and sold shares of the business. SG Americas Securities LLC increased its stake in shares of Brightcove by 32.0% in the 4th quarter. SG Americas Securities LLC now owns 25,612 shares of the software maker’s stock valued at $66,000 after acquiring an additional 6,210 shares during the last quarter. Werba Rubin Papier Wealth Management acquired a new position in shares of Brightcove during the 4th quarter worth about $27,000. Mackenzie Financial Corp grew its stake in shares of Brightcove by 55.3% in the fourth quarter. Mackenzie Financial Corp now owns 22,993 shares of the software maker’s stock valued at $60,000 after buying an additional 8,186 shares in the last quarter. Keel Point LLC acquired a new position in shares of Brightcove during the 4th quarter worth about $34,000. Finally, Monaco Asset Management SAM bought a new stake in shares of Brightcove in the 4th quarter valued at about $142,000. 80.12% of the stock is currently owned by institutional investors and hedge funds.

About Brightcove

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.