What Next for Brightcove Incorporated (NASDAQ:BCOV) Stock After Decrease in Shorted Shares?

December 8, 2017 - By Marry Poplack

 What Next for Brightcove Incorporated (NASDAQ:BCOV) Stock After Decrease in Shorted Shares?

Investors sentiment decreased to 0.88 in 2017 Q2. Its down 0.01, from 0.89 in 2017Q1. It turned negative, 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.
Barclays Plc reported 23 shares stake. Creative Planning has 0% invested in Brightcove Inc. (NASDAQ:BCOV). Ameritas Partners Incorporated accumulated 2,425 shares. Group One Trading Limited Partnership invested in 0% or 25,025 shares. Susquehanna Interest Grp Llp invested in 121,433 shares. Hawk Ridge Capital Management Limited Partnership holds 1.04% or 422,278 shares. Geode Mngmt Ltd Com holds 276,756 shares. Webster Bancorp N A reported 135 shares. Spark Ltd Liability holds 0.03% of its portfolio in Brightcove Inc. (NASDAQ:BCOV) for 84,200 shares. American Int Grp Inc holds 0% in Brightcove Inc. (NASDAQ:BCOV) or 21,042 shares. Nationwide Fund Advsr accumulated 0% or 17,128 shares. Jpmorgan Chase And invested 0% in Brightcove Inc. (NASDAQ:BCOV). Tower Rech Capital (Trc) holds 0% of its portfolio in Brightcove Inc. (NASDAQ:BCOV) for 1,088 shares. Tiaa Cref Ltd Liability Com, New York-based fund reported 213,629 shares. Alliancebernstein Ltd Partnership invested in 0% or 24,400 shares.

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. As per Friday, September 1, the company rating was maintained by Northland Capital. Northland Capital maintained Brightcove Inc. (NASDAQ:BCOV) rating on Friday, July 21. Northland Capital has “Hold” rating and $700 target. The firm has “Buy” rating given on Friday, July 31 by Stifel Nicolaus. Dougherty & Company maintained it with “Buy” rating and $16 target in Tuesday, September 6 report. On Tuesday, July 18 the stock rating was maintained by Stifel Nicolaus with “Buy”. Ladenburg Thalmann initiated the stock with “Buy” rating in Tuesday, March 22 report. The firm earned “Hold” rating on Monday, October 23 by Northland Capital. The firm earned “Buy” rating on Friday, October 27 by Stifel Nicolaus. The firm earned “Neutral” rating on Friday, May 5 by B. Riley & Co.

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

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