Brightcove (NASDAQ:BCOV) Upgraded to Buy by BidaskClub
A number of other brokerages have also recently commented on BCOV. Zacks Investment Research cut shares of German American Bancorp. from a buy rating to a hold rating in a research report on Tuesday, April 30th. Northland Securities restated a buy rating and set a $14.00 price objective on shares of Brightcove in a research report on Thursday, May 16th. One research analyst has rated the stock with a hold rating, three have issued a buy rating and one has given a strong buy rating to the stock. The company currently has an average rating of Buy and a consensus target price of $12.33.
Shares of NASDAQ BCOV opened at $11.38 on Tuesday. The firm has a 50-day simple moving average of $10.39. The firm has a market capitalization of $441.59 million, a PE ratio of -42.15 and a beta of 0.98. The company has a debt-to-equity ratio of 0.19, a current ratio of 0.93 and a quick ratio of 0.93. Brightcove has a 52 week low of $6.88 and a 52 week high of $11.79.
Large investors have recently modified their holdings of the stock. State Board of Administration of Florida Retirement System raised its holdings in Brightcove by 8.7% during the first quarter. State Board of Administration of Florida Retirement System now owns 35,527 shares of the software maker’s stock worth $299,000 after purchasing an additional 2,851 shares in the last quarter. Northern Trust Corp raised its holdings in Brightcove by 1.2% during the fourth quarter. Northern Trust Corp now owns 423,184 shares of the software maker’s stock worth $2,979,000 after purchasing an additional 4,924 shares in the last quarter. BNP Paribas Arbitrage SA raised its holdings in Brightcove by 68,190.9% during the first quarter. BNP Paribas Arbitrage SA now owns 7,512 shares of the software maker’s stock worth $63,000 after purchasing an additional 7,501 shares in the last quarter. Marshall Wace North America L.P. acquired a new stake in Brightcove during the first quarter worth approximately $74,000. Finally, Metropolitan Life Insurance Co. NY increased its holdings in shares of Brightcove by 404.8% in the 4th quarter. Metropolitan Life Insurance Co. NY now owns 11,822 shares of the software maker’s stock valued at $83,000 after acquiring an additional 9,480 shares during the period. 78.87% of the stock is currently owned by hedge funds and other institutional investors.
Brightcove Inc provides cloud-based services for video. It offers Video Cloud, an online video platform that enables its customers to publish and distribute video to Internet-connected devices. The company also provides Zencoder, a cloud-based video encoding service for file support, quality and control, speed and reliability, platform and security, and account and integration; SSAI, a cloud-based ad insertion and video stitching service; and Player, a cloud-based service for creating and managing video player experiences.
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