StockNews.com began coverage on shares of Brightcove (NASDAQ:BCOV - Free Report) in a research report sent to investors on Tuesday. The brokerage issued a buy rating on the software maker's stock.
BCOV has been the subject of a number of other reports. Rosenblatt Securities reaffirmed a "neutral" rating and issued a $4.45 target price (down from $5.00) on shares of Brightcove in a research note on Monday, November 25th. Lake Street Capital cut Brightcove from a "strong-buy" rating to a "hold" rating in a research report on Monday, November 25th.
Read Our Latest Stock Report on BCOV
Brightcove Stock Performance
BCOV remained flat at $4.45 during trading on Tuesday. The stock has a fifty day moving average of $4.38 and a 200 day moving average of $3.09. Brightcove has a 52 week low of $1.55 and a 52 week high of $4.46. The company has a market cap of $202.12 million, a PE ratio of -21.19 and a beta of 1.01.
Institutional Investors Weigh In On Brightcove
Several hedge funds and other institutional investors have recently added to or reduced their stakes in the business. Bailard Inc. bought a new position in shares of Brightcove in the 4th quarter valued at about $156,000. AMH Equity Ltd boosted its position in Brightcove by 1.5% during the fourth quarter. AMH Equity Ltd now owns 507,513 shares of the software maker's stock valued at $2,208,000 after purchasing an additional 7,513 shares during the last quarter. ABC Arbitrage SA bought a new position in Brightcove in the fourth quarter valued at approximately $1,038,000. R Squared Ltd acquired a new position in shares of Brightcove during the 4th quarter worth approximately $90,000. Finally, JPMorgan Chase & Co. raised its stake 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 purchasing an additional 15,291 shares in the last quarter. 80.12% of the stock is currently owned by institutional investors and hedge funds.
Brightcove Company Profile
(
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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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