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

Analysts at StockNews.com began coverage on shares of Brightcove (NASDAQ:BCOV - Get Free Report) in a report released on Saturday. The firm set a "buy" rating on the software maker's stock.

A number of other analysts have also recently commented on the company. Rosenblatt Securities reaffirmed a "neutral" rating and issued a $4.45 price target (down from $5.00) on shares of Brightcove in a research note on Monday, November 25th. Lake Street Capital cut shares of Brightcove from a "strong-buy" rating to a "hold" rating in a report on Monday, November 25th.

Brightcove Trading Up 0.2 %

Shares of BCOV traded up $0.01 on Friday, reaching $4.41. 398,360 shares of the company's stock were exchanged, compared to its average volume of 781,377. The business has a 50 day moving average price of $3.90 and a two-hundred day moving average price of $2.82. Brightcove has a 12 month low of $1.55 and a 12 month high of $4.44. The stock has a market capitalization of $199.05 million, a P/E 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 the stock. Edenbrook Capital LLC raised its position in Brightcove by 1.8% in the 3rd quarter. Edenbrook Capital LLC now owns 6,651,535 shares of the software maker's stock valued at $14,367,000 after buying an additional 120,121 shares during the last quarter. Lynrock Lake LP raised its holdings in shares of Brightcove by 2.3% in the second quarter. Lynrock Lake LP now owns 4,407,745 shares of the software maker's stock valued at $10,446,000 after purchasing an additional 100,000 shares during the last quarter. Nantahala Capital Management LLC bought a new stake in shares of Brightcove in the second quarter worth $3,114,000. Acadian Asset Management LLC lifted its position 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 worth $2,227,000 after purchasing an additional 139,049 shares in the last quarter. Finally, First Eagle Investment Management LLC boosted its holdings in Brightcove by 81.4% during the second 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 last quarter. Institutional investors own 80.12% of the company's stock.

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.