Brightcove (NASDAQ:BCOV) Stock Rating Lowered by StockNews.com

StockNews.com downgraded shares of Brightcove (NASDAQ:BCOV) from a strong-buy rating to a buy rating in a report issued on Monday morning.

Brightcove Stock Performance

Shares of Brightcove stock opened at $2.15 on Monday. The stock has a market capitalization of $95.85 million, a price-to-earnings ratio of -9.77 and a beta of 0.74. The company has a fifty day moving average of $2.28 and a 200-day moving average of $2.11. Brightcove has a 52-week low of $1.55 and a 52-week high of $4.09.

Brightcove (NASDAQ:BCOV) last posted its quarterly earnings results on Wednesday, May 8th. The software maker reported ($0.04) earnings per share (EPS) for the quarter, beating the consensus estimate of ($0.06) by $0.02. The business had revenue of $50.48 million during the quarter. Brightcove had a negative net margin of 4.74% and a negative return on equity of 7.87%. On average, equities research analysts forecast that Brightcove will post -0.31 earnings per share for the current fiscal year.

Hedge Funds Weigh In On Brightcove

Large investors have recently bought and sold shares of the stock. Pitcairn Co. bought a new stake in Brightcove during the 1st quarter valued at $27,000. Price T Rowe Associates Inc. MD purchased a new position in shares of Brightcove during the first quarter valued at approximately $29,000. Mirae Asset Global Investments Co. Ltd. bought a new position in shares of Brightcove during the first quarter valued at approximately $33,000. Keel Point LLC bought a new position in shares of Brightcove during the fourth quarter valued at approximately $34,000. Finally, Aaron Wealth Advisors LLC purchased a new stake in Brightcove in the second quarter worth $34,000. 80.12% of the stock is owned by hedge funds and other institutional investors.

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.