Shell Midstream Partners, L.P. (SHLX) At $26.60 Forms Bottom; Brightcove (BCOV) SI Decreased By 5.4%

December 7, 2017 - By Ellis Scott

Brightcove Incorporated (NASDAQ:BCOV) had a decrease of 5.4% in short interest. BCOV’s SI was 786,900 shares in December as released by FINRA. Its down 5.4% from 831,800 shares previously. With 237,500 avg volume, 3 days are for Brightcove Incorporated (NASDAQ:BCOV)’s short sellers to cover BCOV’s short positions. The SI to Brightcove Incorporated’s float is 2.35%. The stock increased 1.42% or $0.1 during the last trading session, reaching $7.15. About 126,740 shares traded. Brightcove Inc. (NASDAQ:BCOV) has declined 2.44% since December 7, 2016 and is downtrending. It has underperformed by 19.14% the S&P500.

Shell Midstream Partners, L.P. (SHLX) formed multiple bottom with $25.80 target or 3.00% below today’s $26.60 share price. Shell Midstream Partners, L.P. (SHLX) has $5.00B valuation. The stock decreased 2.35% or $0.64 during the last trading session, reaching $26.6. About 407,012 shares traded. Shell Midstream Partners, L.P. (NYSE:SHLX) has declined 5.89% since December 7, 2016 and is downtrending. It has underperformed by 22.59% the S&P500.

Brightcove Inc. provides cloud-based services for video. The company has market cap of $247.62 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.

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

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. State Of New Jersey Common Pension Fund D holds 120,000 shares or 0% of its portfolio. Ameritas Invest Ptnrs Inc owns 2,425 shares. Citigroup reported 0% in Brightcove Inc. (NASDAQ:BCOV). Strs Ohio invested in 54,300 shares or 0% of the stock. The Delaware-based Dupont Cap Mngmt has invested 0.01% in Brightcove Inc. (NASDAQ:BCOV). Bridgeway Mgmt accumulated 195,400 shares. Wells Fargo Mn reported 0% in Brightcove Inc. (NASDAQ:BCOV). Bnp Paribas Arbitrage stated it has 3,393 shares or 0% of all its holdings. Minnesota-based Walleye Trading Limited has invested 0% in Brightcove Inc. (NASDAQ:BCOV). Vanguard Group Inc owns 0% invested in Brightcove Inc. (NASDAQ:BCOV) for 2.00M shares. Aqr Cap Limited Liability Corp, a Connecticut-based fund reported 510,097 shares. Moreover, Credit Suisse Ag has 0% invested in Brightcove Inc. (NASDAQ:BCOV). Frontier Cap Mgmt Ltd Llc reported 0.11% of its portfolio in Brightcove Inc. (NASDAQ:BCOV). Moreover, Mcclain Value Mngmt Ltd Co has 2.49% invested in Brightcove Inc. (NASDAQ:BCOV) for 311,686 shares. 2,596 were accumulated by Financial Bank Of Montreal Can.

Among 9 analysts covering Shell Midstream Partners (NYSE:SHLX), 7 have Buy rating, 0 Sell and 2 Hold. Therefore 78% are positive. Shell Midstream Partners has $52 highest and $29 lowest target. $34.75’s average target is 30.64% above currents $26.6 stock price. Shell Midstream Partners had 22 analyst reports since July 2, 2015 according to SRatingsIntel. The stock of Shell Midstream Partners, L.P. (NYSE:SHLX) has “Overweight” rating given on Thursday, July 2 by Barclays Capital. The stock of Shell Midstream Partners, L.P. (NYSE:SHLX) has “Buy” rating given on Thursday, October 19 by RBC Capital Markets. The company was initiated on Monday, May 2 by RBC Capital Markets. The rating was maintained by Stifel Nicolaus on Monday, August 14 with “Buy”. The stock of Shell Midstream Partners, L.P. (NYSE:SHLX) has “Outperform” rating given on Wednesday, November 9 by RBC Capital Markets. The firm has “Equal-Weight” rating by Barclays Capital given on Friday, November 17. The stock has “Overweight” rating by JP Morgan on Wednesday, February 1. Stifel Nicolaus initiated it with “Buy” rating and $35 target in Thursday, August 18 report. The rating was initiated by Mizuho with “Buy” on Friday, September 30. Evercore reinitiated Shell Midstream Partners, L.P. (NYSE:SHLX) rating on Monday, November 30. Evercore has “Buy” rating and $45 target.

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By1 Ellis Scott




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