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

Research analysts at StockNews.com began coverage on shares of Brightcove (NASDAQ:BCOV - Get Free Report) in a research note issued to investors on Sunday. The brokerage set a "buy" rating on the software maker's stock.

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

Brightcove Stock Performance

Shares of BCOV remained flat at $4.42 during midday trading on Friday. The stock had a trading volume of 120,611 shares, compared to its average volume of 424,135. Brightcove has a 12-month low of $1.55 and a 12-month high of $4.44. The company's 50-day moving average is $4.09 and its two-hundred day moving average is $2.89.

Hedge Funds Weigh In On Brightcove

Hedge funds and other institutional investors have recently added to or reduced their stakes in the company. Edenbrook Capital LLC grew its stake in Brightcove by 1.8% during the 3rd quarter. Edenbrook Capital LLC now owns 6,651,535 shares of the software maker's stock valued at $14,367,000 after purchasing an additional 120,121 shares during the last quarter. Lynrock Lake LP boosted its position in 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 buying an additional 100,000 shares during the last quarter. Nantahala Capital Management LLC acquired a new position in Brightcove in the 2nd quarter worth approximately $3,114,000. First Eagle Investment Management LLC raised its position in Brightcove by 81.4% during the 2nd quarter. First Eagle Investment Management LLC now owns 600,334 shares of the software maker's stock worth $1,423,000 after buying an additional 269,302 shares during the last quarter. Finally, Geode Capital Management LLC lifted its stake in Brightcove by 8.3% during the 3rd quarter. Geode Capital Management LLC now owns 488,275 shares of the software maker's stock valued at $1,055,000 after acquiring an additional 37,584 shares during the period. Hedge funds and other 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.