Brightcove (NASDAQ:BCOV) Now Covered by Analysts at StockNews.com

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

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

Brightcove Stock Performance

NASDAQ BCOV opened at $4.45 on Friday. The stock’s 50 day moving average is $4.43 and its two-hundred day moving average is $3.41. The company has a market capitalization of $202.12 million, a price-to-earnings ratio of -21.19 and a beta of 1.01. Brightcove has a 1-year low of $1.55 and a 1-year high of $4.46.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently modified their holdings of the business. Squarepoint Ops LLC acquired a new position in shares of Brightcove in the 4th quarter worth approximately $1,078,000. Two Sigma Advisers LP boosted its holdings in shares of Brightcove by 26.7% in the 4th quarter. Two Sigma Advisers LP now owns 348,200 shares of the software maker’s stock worth $1,515,000 after acquiring an additional 73,400 shares in the last quarter. Two Sigma Investments LP boosted its holdings in shares of Brightcove by 21.0% in the 4th quarter. Two Sigma Investments LP now owns 418,479 shares of the software maker’s stock worth $1,820,000 after acquiring an additional 72,496 shares in the last quarter. Occudo Quantitative Strategies LP boosted its holdings in shares of Brightcove by 20.1% in the 4th quarter. Occudo Quantitative Strategies LP now owns 25,179 shares of the software maker’s stock worth $110,000 after acquiring an additional 4,220 shares in the last quarter. Finally, OMERS ADMINISTRATION Corp acquired a new position in shares of Brightcove in the 4th quarter worth approximately $1,251,000. 80.12% of the stock is 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.