SeaChange International (NASDAQ:SEAC) Coverage Initiated by Analysts at StockNews.com

Research analysts at StockNews.com started coverage on shares of SeaChange International (NASDAQ:SEAC) in a research note issued to investors on Tuesday. The brokerage set a “hold” rating on the software maker’s stock.

SeaChange International Price Performance

SeaChange International stock opened at $4.26 on Tuesday. The business has a 50-day simple moving average of $3.13 and a two-hundred day simple moving average of $3.16. The company has a market cap of $11.12 million, a P/E ratio of -1.16 and a beta of 0.97. SeaChange International has a 52-week low of $1.50 and a 52-week high of $10.98.

Institutional Investors Weigh In On SeaChange International

A number of large investors have recently made changes to their positions in the company. Renaissance Technologies LLC lifted its position in shares of SeaChange International by 20.1% during the 1st quarter. Renaissance Technologies LLC now owns 277,461 shares of the software maker’s stock valued at $101,000 after buying an additional 46,461 shares in the last quarter. Bank of America Corp DE lifted its position in shares of SeaChange International by 122,509.1% during the 1st quarter. Bank of America Corp DE now owns 107,896 shares of the software maker’s stock valued at $39,000 after buying an additional 107,808 shares in the last quarter. Vanguard Group Inc. lifted its position in shares of SeaChange International by 2.3% during the 3rd quarter. Vanguard Group Inc. now owns 1,806,961 shares of the software maker’s stock valued at $777,000 after buying an additional 40,000 shares in the last quarter. Virtu Financial LLC purchased a new position in shares of SeaChange International during the 1st quarter valued at about $39,000. Finally, Jane Street Group LLC purchased a new position in shares of SeaChange International during the 1st quarter valued at about $38,000.

SeaChange International Company Profile

SeaChange International, Inc provides video delivery, advertising, streaming platforms, and emerging Free Ad-Supported Streaming TV (FAST) products and services that facilitate the aggregation, licensing, management and distribution of video and advertising content worldwide. It offers Operator TV Platform solutions including customer's current network with OTT video management solutions in a single deployment, digital video broadcasting – cable / quadrature amplitude modulation networks with OTT streaming, and immersive multiscreen experience and on demand services, as well as pre-integrated solutions, such as multi-content delivery networks including Broadpeak, Edgeware and HBO, multidigital rights management, and seamless integration with existing network components.