SeaChange International (NASDAQ:SEAC) Now Covered by StockNews.com

Equities researchers at StockNews.com initiated coverage on shares of SeaChange International (NASDAQ:SEACGet Rating) in a note issued to investors on Saturday. The brokerage set a “hold” rating on the software maker’s stock.

SeaChange International Stock Performance

Shares of SEAC stock opened at $0.44 on Friday. The firm has a market cap of $21.68 million, a price-to-earnings ratio of -3.38 and a beta of 1.05. SeaChange International has a 52 week low of $0.38 and a 52 week high of $3.44. The firm’s 50-day simple moving average is $0.56 and its two-hundred day simple moving average is $0.83.

SeaChange International (NASDAQ:SEACGet Rating) last posted its quarterly earnings results on Wednesday, June 8th. The software maker reported ($0.04) earnings per share (EPS) for the quarter. The business had revenue of $6.72 million during the quarter. SeaChange International had a negative net margin of 21.94% and a negative return on equity of 11.32%.

Insider Activity at SeaChange International

In related news, insider Peter D. Aquino purchased 189,000 shares of the business’s stock in a transaction on Thursday, June 16th. The stock was acquired at an average price of $0.53 per share, with a total value of $100,170.00. Following the purchase, the insider now directly owns 766,777 shares in the company, valued at $406,391.81. The purchase was disclosed in a filing with the SEC, which can be accessed through this hyperlink. In other SeaChange International news, insider Peter D. Aquino acquired 189,000 shares of the business’s stock in a transaction dated Thursday, June 16th. The stock was bought at an average price of $0.53 per share, with a total value of $100,170.00. Following the purchase, the insider now owns 766,777 shares of the company’s stock, valued at $406,391.81. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, major shareholder Karen Singer acquired 166,342 shares of the business’s stock in a transaction dated Wednesday, July 13th. The stock was acquired at an average cost of $0.52 per share, with a total value of $86,497.84. Following the purchase, the insider now directly owns 7,637,492 shares in the company, valued at approximately $3,971,495.84. The disclosure for this purchase can be found here. Over the last 90 days, insiders bought 1,839,882 shares of company stock valued at $1,026,301. Corporate insiders own 4.00% of the company’s stock.

Institutional Investors Weigh In On SeaChange International

A number of institutional investors have recently made changes to their positions in SEAC. Virtu Financial LLC bought a new stake in SeaChange International during the 1st quarter valued at $39,000. Jane Street Group LLC bought a new stake in SeaChange International during the 1st quarter valued at $38,000. Renaissance Technologies LLC raised its holdings in SeaChange International by 689.5% during the 1st quarter. Renaissance Technologies LLC now owns 386,858 shares of the software maker’s stock valued at $437,000 after buying an additional 337,858 shares during the last quarter. Vanguard Group Inc. raised its holdings in SeaChange International by 6.7% during the 1st quarter. Vanguard Group Inc. now owns 1,819,336 shares of the software maker’s stock valued at $2,056,000 after buying an additional 114,207 shares during the last quarter. Finally, US Bancorp DE bought a new stake in SeaChange International during the 1st quarter valued at $41,000. Hedge funds and other institutional investors own 26.11% of the company’s stock.

SeaChange International Company Profile

(Get Rating)

SeaChange International, Inc provides multiscreen, advertising, and premium over the top (OTT) video products and services that facilitate the aggregation, licensing, management, and distribution of video and advertising content worldwide. The company offers video products, including video back-office, a software platform that enables content and service providers to manage, monetize and deliver a seamless viewing experience to subscribers across televisions, personal computers (PCs), tablets, smart phones, and other IP-enabled devices; and media asset management software, which is used to receive, manage and publish video content for viewing on televisions, tablets, PCs and other consumer devices.

Further Reading

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