Equities research analysts at StockNews.com initiated coverage on shares of Brightcove (NASDAQ:BCOV – Get Free Report) in a report released on Saturday. The firm set a “buy” rating on the software maker’s stock.
Other equities research analysts have also recently issued reports about the company. Rosenblatt Securities reiterated 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. 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 Stock Report on Brightcove
Brightcove Stock Performance
Institutional Trading of Brightcove
Hedge funds have recently bought and sold shares of the stock. XTX Topco Ltd purchased a new position in shares of Brightcove in the 2nd quarter valued at $36,000. Wedbush Securities Inc. purchased a new position in Brightcove in the second quarter valued at about $47,000. Cubist Systematic Strategies LLC purchased a new position in Brightcove in the second quarter valued at about $54,000. JPMorgan Chase & Co. raised its holdings in 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 purchasing an additional 15,291 shares in the last quarter. Finally, Point72 Asia Singapore Pte. Ltd. purchased a new stake in shares of Brightcove during the second quarter valued at about $142,000. 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.
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