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

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

SeaChange International Stock Performance

Shares of SeaChange International stock opened at $4.88 on Monday. The firm has a market cap of $12.74 million, a PE ratio of -1.33 and a beta of 0.98. The firm’s 50-day simple moving average is $2.97 and its 200-day simple moving average is $3.17. SeaChange International has a 1 year low of $1.50 and a 1 year high of $10.98.

Institutional Investors Weigh In On SeaChange International

A number of institutional investors have recently modified their holdings of the stock. Jane Street Group LLC acquired a new stake in SeaChange International during the first quarter worth about $38,000. Bank of America Corp DE raised its stake in SeaChange International by 122,509.1% during the first quarter. Bank of America Corp DE now owns 107,896 shares of the software maker’s stock worth $39,000 after acquiring an additional 107,808 shares during the period. Virtu Financial LLC acquired a new stake in SeaChange International during the first quarter worth about $39,000. US Bancorp DE acquired a new stake in SeaChange International during the first quarter worth about $41,000. Finally, Renaissance Technologies LLC raised its stake in SeaChange International by 20.1% during the first quarter. Renaissance Technologies LLC now owns 277,461 shares of the software maker’s stock worth $101,000 after acquiring an additional 46,461 shares during the period.

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.