Brightcove Inc. (NASDAQ:BCOV - Get Free Report)'s stock price crossed above its 200-day moving average during trading on Thursday . The stock has a 200-day moving average of $2.72 and traded as high as $4.38. Brightcove shares last traded at $4.33, with a volume of 2,269,580 shares changing hands.
Analysts Set New Price Targets
BCOV has been the topic of a number of recent research reports. Rosenblatt Securities restated a "neutral" rating and issued a $4.45 target price (down from $5.00) on shares of Brightcove in a report on Monday, November 25th. StockNews.com initiated coverage on Brightcove in a research report on Friday. They issued a "buy" rating for the company. Finally, Lake Street Capital downgraded Brightcove from a "strong-buy" rating to a "hold" rating in a report on Monday, November 25th.
Check Out Our Latest Report on Brightcove
Brightcove Trading Up 0.7 %
The firm's 50-day simple moving average is $3.64 and its two-hundred day simple moving average is $2.72. The stock has a market capitalization of $196.79 million, a PE ratio of -20.76 and a beta of 1.02.
Institutional Inflows and Outflows
Several large investors have recently bought and sold shares of BCOV. Mackenzie Financial Corp lifted its position in Brightcove by 11.0% in the 2nd quarter. Mackenzie Financial Corp now owns 61,329 shares of the software maker's stock worth $145,000 after buying an additional 6,095 shares in the last quarter. JPMorgan Chase & Co. increased its stake in shares of Brightcove by 99.3% in the third 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 during the last quarter. XTX Topco Ltd purchased a new stake in shares of Brightcove during the second quarter worth $36,000. Wedbush Securities Inc. acquired a new stake in Brightcove during the second quarter valued at $47,000. Finally, Allspring Global Investments Holdings LLC purchased a new position in Brightcove in the second quarter valued at about $53,000. 80.12% of the stock is owned by institutional investors and hedge funds.
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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