BidaskClub upgraded shares of Brightcove (NASDAQ:BCOV) from a sell rating to a hold rating in a report published on Friday.
Other equities analysts have also recently issued research reports about the company. Zacks Investment Research raised Brightcove from a hold rating to a buy rating and set a $8.50 price target for the company in a report on Tuesday, November 7th. Stifel Nicolaus upped their price target on Brightcove from $10.50 to $11.00 and gave the stock a buy rating in a report on Friday, October 27th. Northland Securities raised Brightcove from a market perform rating to an outperform rating in a report on Friday, October 27th. Finally, B. Riley reaffirmed a hold rating and issued a $7.25 price target on shares of Brightcove in a report on Friday, October 27th. One investment analyst has rated the stock with a sell rating, two have issued a hold rating and three have assigned a buy rating to the company. The stock has an average rating of Hold and a consensus price target of $8.44.
Brightcove (NASDAQ BCOV) opened at $7.20 on Friday. The firm has a market capitalization of $249.36, a PE ratio of -12.63 and a beta of 1.86. Brightcove has a fifty-two week low of $5.40 and a fifty-two week high of $9.30.
A number of large investors have recently bought and sold shares of the business. MetLife Investment Advisors LLC purchased a new stake in Brightcove during the 4th quarter worth approximately $123,000. Millennium Management LLC increased its stake in Brightcove by 100.9% during the 4th quarter. Millennium Management LLC now owns 585,845 shares of the software maker’s stock worth $4,159,000 after buying an additional 294,302 shares in the last quarter. Two Sigma Investments LP increased its stake in Brightcove by 153.9% during the 4th quarter. Two Sigma Investments LP now owns 152,772 shares of the software maker’s stock worth $1,085,000 after buying an additional 92,598 shares in the last quarter. Goldman Sachs Group Inc. increased its stake in Brightcove by 167.8% during the 4th quarter. Goldman Sachs Group Inc. now owns 40,014 shares of the software maker’s stock worth $284,000 after buying an additional 25,071 shares in the last quarter. Finally, Stone Ridge Asset Management LLC purchased a new stake in Brightcove during the 4th quarter worth approximately $515,000. Institutional investors own 62.72% of the company’s stock.
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Brightcove Inc is a global provider of cloud-based services for video. The Company’s products and services include Brightcove Video Cloud (Video Cloud), Brightcove Zencoder (Zencoder), Brightcove Once (Once), Brightcove Perform (Perform), Brightcove Video Marketing Suite (Video Marketing Suite), Brightcove Lift (Lift), Brightcove OTT Flow (OTT Flow) and Brightcove Enterprise Video Suite (Enterprise Video Suite), among others.
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