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

StockNews.com began coverage on shares of Brightcove (NASDAQ:BCOV) in a research report report published on Saturday morning. The firm issued a buy rating on the software maker’s stock.

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

Brightcove Stock Performance

Shares of BCOV opened at $4.42 on Friday. Brightcove has a one year low of $1.55 and a one year high of $4.44. The stock has a 50-day moving average price of $3.90 and a 200 day moving average price of $2.82. The company has a market capitalization of $199.50 million, a P/E ratio of -21.05 and a beta of 1.01.

Institutional Trading of Brightcove

A number of large investors have recently added to or reduced their stakes in the business. Nantahala Capital Management LLC acquired a new position in shares of Brightcove in the second quarter worth about $3,114,000. First Eagle Investment Management LLC boosted its stake in Brightcove by 81.4% in the 2nd quarter. First Eagle Investment Management LLC now owns 600,334 shares of the software maker’s stock worth $1,423,000 after purchasing an additional 269,302 shares during the period. P.A.W. Capital Corp purchased a new position in Brightcove during the 3rd quarter worth approximately $540,000. Jacobs Levy Equity Management Inc. raised its stake in Brightcove by 1,124.9% during the 3rd quarter. Jacobs Levy Equity Management Inc. now owns 245,526 shares of the software maker’s stock valued at $530,000 after purchasing an additional 225,482 shares during the period. Finally, Acadian Asset Management LLC lifted its holdings in shares of Brightcove by 17.3% in the second quarter. Acadian Asset Management LLC now owns 940,508 shares of the software maker’s stock valued at $2,227,000 after purchasing an additional 139,049 shares in the last quarter. 80.12% of the stock is currently owned by institutional investors.

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.