Brightcove (NASDAQ:BCOV) Share Price Passes Above 200-Day Moving Average - Should You Sell?

Brightcove Inc. (NASDAQ:BCOV - Get Free Report) shares crossed above its 200-day moving average during trading on Wednesday . The stock has a 200-day moving average of $2.63 and traded as high as $4.39. Brightcove shares last traded at $4.37, with a volume of 216,108 shares traded.

Analysts Set New Price Targets

Several research analysts recently commented on the company. Rosenblatt Securities reissued a "neutral" rating and issued a $4.45 price objective (down from $5.00) on shares of Brightcove in a research note on Monday, November 25th. StockNews.com assumed coverage on shares of Brightcove in a research report on Thursday. They issued a "buy" rating for the company. Finally, Lake Street Capital lowered shares of Brightcove from a "strong-buy" rating to a "hold" rating in a research report on Monday, November 25th.

Brightcove Price Performance

The stock has a market cap of $196.79 million, a price-to-earnings ratio of -20.76 and a beta of 1.02. The firm has a fifty day moving average of $3.41 and a 200 day moving average of $2.64.

Institutional Trading of Brightcove

Hedge funds and other institutional investors have recently modified their holdings of the stock. Nantahala Capital Management LLC purchased a new stake in shares of Brightcove in the second quarter valued at about $3,114,000. First Eagle Investment Management LLC boosted its holdings in Brightcove by 81.4% in the 2nd quarter. First Eagle Investment Management LLC now owns 600,334 shares of the software maker's stock valued at $1,423,000 after purchasing an additional 269,302 shares during the last quarter. P.A.W. Capital Corp purchased a new stake in shares of Brightcove in the 3rd quarter valued at approximately $540,000. Jacobs Levy Equity Management Inc. increased its holdings in shares of Brightcove by 1,124.9% during the 3rd quarter. Jacobs Levy Equity Management Inc. now owns 245,526 shares of the software maker's stock worth $530,000 after buying an additional 225,482 shares during the last quarter. Finally, Acadian Asset Management LLC increased its holdings in shares of Brightcove by 17.3% during the 2nd quarter. Acadian Asset Management LLC now owns 940,508 shares of the software maker's stock worth $2,227,000 after buying an additional 139,049 shares during the last quarter. 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.