What’s Propelling Brightcove Incorporated (NASDAQ:BCOV) After Lower Shorts Reported?

December 8, 2017 - By Marie Mckinney

 What’s Propelling Brightcove Incorporated (NASDAQ:BCOV) After Lower Shorts Reported?

Investors sentiment decreased to 0.88 in 2017 Q2. Its down 0.01, from 0.89 in 2017Q1. It fall, as 27 investors sold Brightcove Inc. shares while 25 reduced holdings. 18 funds opened positions while 28 raised stakes. 19.56 million shares or 21.94% less from 25.06 million shares in 2017Q1 were reported.
Aqr Cap Mgmt Ltd Liability Company, a Connecticut-based fund reported 510,097 shares. Federated Pa invested in 69,502 shares or 0% of the stock. Bnp Paribas Arbitrage reported 0% stake. Menta Limited Company, California-based fund reported 114,737 shares. State Street holds 580,822 shares or 0% of its portfolio. Geode Cap Mngmt Lc has 0% invested in Brightcove Inc. (NASDAQ:BCOV) for 276,756 shares. California-based California State Teachers Retirement System has invested 0% in Brightcove Inc. (NASDAQ:BCOV). Chicago Equity Partners Lc reported 10,450 shares stake. Swiss Commercial Bank reported 0% of its portfolio in Brightcove Inc. (NASDAQ:BCOV). Great West Life Assurance Can reported 3,200 shares stake. Moreover, Walleye Trading Limited Liability has 0% invested in Brightcove Inc. (NASDAQ:BCOV). Moreover, Legal & General Gru Public Ltd has 0% invested in Brightcove Inc. (NASDAQ:BCOV) for 7,363 shares. Invesco Ltd has invested 0% in Brightcove Inc. (NASDAQ:BCOV). Barclays Public Ltd Co holds 0% or 23 shares. Citigroup reported 0% of its portfolio in Brightcove Inc. (NASDAQ:BCOV).

The stock of Brightcove Incorporated (NASDAQ:BCOV) registered a decrease of 5.4% in short interest. BCOV’s total short interest was 786,900 shares in December as published by FINRA. Its down 5.4% from 831,800 shares, reported previously. With 237,500 shares average volume, it will take short sellers 3 days to cover their BCOV’s short positions. The short interest to Brightcove Incorporated’s float is 2.35%.

The stock decreased 0.70% or $0.05 during the last trading session, reaching $7.1. About 93,492 shares traded. Brightcove Inc. (NASDAQ:BCOV) has declined 2.44% since December 8, 2016 and is downtrending. It has underperformed by 19.14% the S&P500.

Brightcove Inc. provides cloud-based services for video. The company has market cap of $245.89 million. The firm primarily offers Video Cloud, an online video platform that enables its clients to publish and distribute video to Internet-connected devices. It currently has negative earnings. The Company’s Video Cloud platform offers various features and functionalities, such as uploading and encoding, content management, video player technology, multi-platform video experiences, live video streaming, distribution and syndication, social media, advertising and monetization, and analytics.

Brightcove Inc. (NASDAQ:BCOV) Ratings Coverage

Among 5 analysts covering Brightcove (NASDAQ:BCOV), 3 have Buy rating, 0 Sell and 2 Hold. Therefore 60% are positive. Brightcove has $16 highest and $7.0 lowest target. $10.31’s average target is 45.21% above currents $7.1 stock price. Brightcove had 10 analyst reports since July 31, 2015 according to SRatingsIntel. Northland Capital maintained the shares of BCOV in report on Monday, October 23 with “Hold” rating. The rating was maintained by Dougherty & Company on Tuesday, September 6 with “Buy”. The rating was maintained by Northland Capital on Friday, July 21 with “Hold”. The stock has “Buy” rating by Stifel Nicolaus on Friday, July 31. Stifel Nicolaus maintained the stock with “Buy” rating in Tuesday, July 18 report. The firm earned “Buy” rating on Tuesday, March 22 by Ladenburg Thalmann. B. Riley & Co downgraded the shares of BCOV in report on Friday, May 5 to “Neutral” rating. The rating was maintained by Stifel Nicolaus with “Buy” on Friday, October 27. The firm earned “Hold” rating on Friday, September 1 by Northland Capital.

More notable recent Brightcove Inc. (NASDAQ:BCOV) news were published by: Businesswire.com which released: “Konica Minolta Selects Brightcove Platform For Enterprise Video Communications” on November 29, 2017, also Nasdaq.com with their article: “Emancipation Management LLC Buys Vonage Holdings Corp, Aerohive Networks Inc …” published on November 14, 2017, Businesswire.com published: “Brightcove Delivers Video Content on Navy Federal Credit Union’s Website” on December 06, 2017. More interesting news about Brightcove Inc. (NASDAQ:BCOV) were released by: Businesswire.com and their article: “The Publisher Desk Leverages Brightcove to Monetize Customers’ Video Content” published on September 20, 2017 as well as Fool.com‘s news article titled: “Why Brightcove Inc. Stock Plummeted Today” with publication date: May 05, 2017.

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