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

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

Several other research firms also recently commented on BCOV. Lake Street Capital downgraded shares of 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 target price (down previously from $5.00) on shares of Brightcove in a report on Monday, November 25th.

Brightcove Stock Performance

BCOV stock opened at $4.42 on Friday. Brightcove has a 1-year low of $1.55 and a 1-year high of $4.44. The business’s 50 day simple moving average is $4.11 and its 200 day simple moving average is $2.91. The firm has a market capitalization of $199.52 million, a PE ratio of -21.05 and a beta of 1.01.

Institutional Trading of Brightcove

Several institutional investors have recently added to or reduced their stakes in BCOV. XTX Topco Ltd bought a new stake in Brightcove in the 2nd quarter valued at about $36,000. Cubist Systematic Strategies LLC bought a new stake in shares of Brightcove in the second quarter valued at approximately $54,000. JPMorgan Chase & Co. grew its position in Brightcove by 99.3% during the third quarter. JPMorgan Chase & Co. now owns 30,689 shares of the software maker’s stock worth $66,000 after buying an additional 15,291 shares in the last quarter. Point72 Asia Singapore Pte. Ltd. acquired a new stake in Brightcove during the second quarter worth approximately $142,000. Finally, AQR Capital Management LLC bought a new position in Brightcove during the 2nd quarter worth $143,000. 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.