Brightcove (NASDAQ:BCOV) Downgraded by StockNews.com

StockNews.com downgraded shares of Brightcove (NASDAQ:BCOV) from a strong-buy rating to a buy rating in a research report sent to investors on Friday morning.

Brightcove Price Performance

NASDAQ BCOV opened at $2.51 on Friday. Brightcove has a one year low of $1.55 and a one year high of $4.56. The firm has a market cap of $111.90 million, a P/E ratio of -11.41 and a beta of 0.74. The stock’s 50-day moving average is $2.22 and its 200-day moving average is $2.11.

Brightcove (NASDAQ:BCOV) last announced its earnings results on Wednesday, May 8th. The software maker reported ($0.04) EPS for the quarter, topping the consensus estimate of ($0.06) by $0.02. Brightcove had a negative net margin of 4.74% and a negative return on equity of 7.87%. The firm had revenue of $50.48 million for the quarter. Equities analysts anticipate that Brightcove will post -0.31 EPS for the current year.

Institutional Inflows and Outflows

A number of hedge funds have recently modified their holdings of the company. First Eagle Investment Management LLC bought a new stake in Brightcove in the 1st quarter valued at approximately $642,000. Quadrature Capital Ltd increased its holdings in Brightcove by 87.9% during the fourth quarter. Quadrature Capital Ltd now owns 75,610 shares of the software maker’s stock worth $196,000 after buying an additional 35,360 shares during the last quarter. GSA Capital Partners LLP raised its position in Brightcove by 151.0% during the first quarter. GSA Capital Partners LLP now owns 225,176 shares of the software maker’s stock worth $437,000 after acquiring an additional 135,462 shares in the last quarter. Mackenzie Financial Corp lifted its stake in Brightcove by 55.3% in the fourth quarter. Mackenzie Financial Corp now owns 22,993 shares of the software maker’s stock valued at $60,000 after acquiring an additional 8,186 shares during the last quarter. Finally, SG Americas Securities LLC grew its position in shares of Brightcove by 32.0% in the 4th quarter. SG Americas Securities LLC now owns 25,612 shares of the software maker’s stock valued at $66,000 after acquiring an additional 6,210 shares during the period. 80.12% of the stock is currently owned by institutional investors.

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.