Investing in Brightcove Inc. (BCOV): What You Must Know


Brightcove Inc.’s recent filing unveils that its 10% Owner Edenbrook Capital, LLC acquired Company’s shares for reported $93750.0 on Aug 25. In the deal valued at $3.75 per share,25,000 shares were bought. As a result of this transaction, Edenbrook Capital, LLC now holds 6,273,036 shares worth roughly $ 23.71 million.

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Then, Edenbrook Capital, LLC bought 10,000 shares, generating $38,047 in total proceeds. Upon buying the shares at $3.80, the 10% Owner now owns 6,248,036 shares.

Before that, Edenbrook Capital, LLC bought 15,000 shares. Brightcove Inc. shares valued at $58,448 were divested by the 10% Owner at a price of $3.90 per share. As a result of the transaction, Edenbrook Capital, LLC now holds 6,238,036 shares, worth roughly $23.58 million.

Lake Street upgraded its Brightcove Inc. [BCOV] rating to a Buy from a a Hold in a research note published on Friday.

Price Performance Review of BCOV

On Friday, Brightcove Inc. [NASDAQ:BCOV] saw its stock fall -1.82% to $3.78. On the same session, the stock had its day’s lowest price of $3.75, but rose to a high of $3.91. Over the last five days, the stock has lost -0.53%. Brightcove Inc. shares have fallen nearly -27.72% since the year began. Nevertheless, the stocks have fallen -43.07% over the past one year. While a 52-week high of $7.39 was reached on 02/16/23, a 52-week low of $3.28 was recorded on 05/04/23. SMA at 50 days reached $3.99, while 200 days put it at $4.72. A total of 91549.0 shares were traded, compared to the trading of 59700.0 shares in the previous session.

Levels Of Support And Resistance For BCOV Stock

The 24-hour chart illustrates a support level at 3.72, which if violated will result in even more drops to 3.65. On the upside, there is a resistance level at 3.88. A further resistance level may holdings at 3.97. The Relative Strength Index (RSI) on the 14-day chart is 42.66, which indicates neutral technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at 0.00, which suggests price will go down in the next trading period. Percent R suggests that price movement has been bearish at 85.71%. Stochastics %K at 33.06% indicates the stock is a holding.

How much short interest is there in Brightcove Inc.?

A steep rise in short interest was recorded in Brightcove Inc. stocks on Aug 14, 2023, dropping by 61690.0 shares to a total of 0.24 million shares. Yahoo Finance data shows the prior-month short interest on Jul 13, 2023 was 0.3 million shares. There was a decline of -25.59%, which implies that there is a negative sentiment for the stock. In spite of short shares comprising just 0.81% of the overall stock float, the days-to-cover ratio (short ratio) fell to 1.51.

According to FactSet, Brightcove Inc.’s share price will average $7.00 in the next year, based on opinions of analysts polled by the firm. This is up nearly 81.82 percent from its previous closing price of $3.85. Analysts expect Brightcove Inc. stock to reach the higher price of $9.00, while the lowest price estimate is $5.00. However, 3 analysts have rated BCOV stock as an Overweight in their predictions for 2023.


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