Brightcove (NASDAQ:BCOV) Coverage Initiated at StockNews.com

StockNews.com assumed coverage on shares of Brightcove (NASDAQ:BCOV - Free Report) in a report published on Friday morning. The firm issued a buy rating on the software maker's stock.

Other analysts have also recently issued research reports about the company. Lake Street Capital cut Brightcove from a "strong-buy" rating to a "hold" rating in a research report on Monday, November 25th. 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.

Brightcove Trading Up 0.7 %

Shares of BCOV traded up $0.03 during mid-day trading on Friday, hitting $4.36. The company's stock had a trading volume of 387,966 shares, compared to its average volume of 1,328,733. The company's 50-day moving average is $3.64 and its 200-day moving average is $2.72. Brightcove has a 52-week low of $1.55 and a 52-week high of $4.40. The firm has a market capitalization of $196.79 million, a price-to-earnings ratio of -20.76 and a beta of 1.02.

Institutional Trading of Brightcove

Hedge funds and other institutional investors have recently made changes to their positions in the business. Edenbrook Capital LLC raised its position in shares of Brightcove by 1.8% in 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 raised its holdings in shares of Brightcove by 2.3% in the second quarter. Lynrock Lake LP now owns 4,407,745 shares of the software maker's stock worth $10,446,000 after buying an additional 100,000 shares during the last quarter. Nantahala Capital Management LLC purchased a new position in shares of Brightcove in the second quarter worth $3,114,000. Acadian Asset Management LLC lifted its stake in shares of Brightcove by 17.3% during the second 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 period. Finally, First Eagle Investment Management LLC grew its holdings in shares of Brightcove by 81.4% during the second quarter. First Eagle Investment Management LLC now owns 600,334 shares of the software maker's stock valued at $1,423,000 after buying an additional 269,302 shares during the last quarter. Hedge funds and other institutional investors own 80.12% of the company's stock.

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.