Arrowstreet Capital Limited Partnership purchased a new stake in Brightcove Inc (NASDAQ:BCOV) in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund purchased 40,275 shares of the software maker’s stock, valued at approximately $286,000. Arrowstreet Capital Limited Partnership owned 0.12% of Brightcove as of its most recent SEC filing.
Several other hedge funds have also recently made changes to their positions in the company. Wells Fargo & Company MN boosted its stake in Brightcove by 37.3% in the 4th quarter. Wells Fargo & Company MN now owns 53,020 shares of the software maker’s stock worth $376,000 after purchasing an additional 14,396 shares during the period. Balter Liquid Alternatives LLC boosted its stake in Brightcove by 31.6% in the 4th quarter. Balter Liquid Alternatives LLC now owns 150,967 shares of the software maker’s stock worth $1,072,000 after purchasing an additional 36,251 shares during the period. Mcclain Value Management LLC boosted its stake in Brightcove by 3.4% in the 4th quarter. Mcclain Value Management LLC now owns 312,210 shares of the software maker’s stock worth $2,217,000 after purchasing an additional 10,292 shares during the period. Frontier Capital Management Co. LLC boosted its stake in Brightcove by 5.4% in the 4th quarter. Frontier Capital Management Co. LLC now owns 2,588,311 shares of the software maker’s stock worth $18,377,000 after purchasing an additional 132,988 shares during the period. Finally, Sterling Capital Management LLC acquired a new position in Brightcove in the 3rd quarter worth $430,000. 62.80% of the stock is owned by institutional investors.
Brightcove Inc (NASDAQ BCOV) opened at $6.95 on Friday. Brightcove Inc has a one year low of $5.40 and a one year high of $9.30. The company has a market cap of $240.70, a PE ratio of -12.19 and a beta of 1.77.
Brightcove (NASDAQ:BCOV) last posted its quarterly earnings data on Thursday, February 22nd. The software maker reported $0.04 EPS for the quarter, topping the Zacks’ consensus estimate of ($0.03) by $0.07. Brightcove had a negative net margin of 12.52% and a negative return on equity of 23.20%. The company had revenue of $40.10 million during the quarter, compared to the consensus estimate of $39.52 million. During the same period in the prior year, the business posted $0.03 EPS. The company’s quarterly revenue was up 3.9% on a year-over-year basis. equities research analysts forecast that Brightcove Inc will post -0.23 EPS for the current year.
A number of equities analysts recently weighed in on BCOV shares. Zacks Investment Research raised shares of Brightcove from a “hold” rating to a “buy” rating and set a $8.00 target price for the company in a research note on Wednesday, March 7th. BidaskClub raised shares of Brightcove from a “sell” rating to a “hold” rating in a research note on Friday, February 23rd. One research 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’s stock. The stock currently has an average rating of “Hold” and an average target price of $8.31.
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Brightcove Company Profile
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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