Analysts at StockNews.com started coverage on shares of Brightcove (NASDAQ:BCOV - Get Free Report) in a report issued on Thursday. The firm set a "buy" rating on the software maker's stock.
A number of other analysts have also weighed in on BCOV. Rosenblatt Securities restated a "neutral" rating and set a $4.45 price objective (down from $5.00) on shares of Brightcove in a research note on Monday, November 25th. Lake Street Capital downgraded shares of Brightcove from a "strong-buy" rating to a "hold" rating in a research report on Monday, November 25th.
Check Out Our Latest Analysis on Brightcove
Brightcove Trading Down 0.2 %
BCOV traded down $0.01 during trading on Thursday, reaching $4.36. The stock had a trading volume of 146,616 shares, compared to its average volume of 307,582. The company has a market capitalization of $196.79 million, a price-to-earnings ratio of -20.76 and a beta of 1.02. The stock's 50 day moving average is $3.41 and its two-hundred day moving average is $2.64. Brightcove has a one year low of $1.55 and a one year high of $4.40.
Institutional Trading of Brightcove
Several institutional investors have recently made changes to their positions in BCOV. XTX Topco Ltd bought a new position in shares of Brightcove during the 2nd quarter valued at about $36,000. Wedbush Securities Inc. purchased a new position in Brightcove during the 2nd quarter valued at approximately $47,000. Allspring Global Investments Holdings LLC purchased a new position in Brightcove during the 2nd quarter valued at approximately $53,000. Cubist Systematic Strategies LLC bought a new stake in Brightcove in the 2nd quarter worth approximately $54,000. Finally, JPMorgan Chase & Co. raised its holdings in shares of Brightcove by 99.3% during the 3rd quarter. JPMorgan Chase & Co. now owns 30,689 shares of the software maker's stock worth $66,000 after acquiring an additional 15,291 shares in the last quarter. Hedge funds and other institutional investors own 80.12% of the company's stock.
About Brightcove
(
Get Free Report)
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.
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