StockNews.com Begins Coverage on SeaChange International (NASDAQ:SEAC)

Posted by on Jun 25th, 2023

StockNews.com began coverage on shares of SeaChange International (NASDAQ:SEAC – Get Rating) in a report released on Sunday. The brokerage set a “hold” rating on the software maker’s stock.

SeaChange International Price Performance

NASDAQ:SEAC opened at $8.11 on Friday. The business’s 50-day moving average price is $12.07 and its 200 day moving average price is $10.09. The firm has a market cap of $20.96 million, a P/E ratio of -2.20 and a beta of 1.06. SeaChange International has a 52-week low of $6.85 and a 52-week high of $13.24.

SeaChange International (NASDAQ:SEAC – Get Rating) last released its earnings results on Wednesday, April 5th. The software maker reported $0.60 earnings per share (EPS) for the quarter. The firm had revenue of $10.16 million for the quarter. SeaChange International had a positive return on equity of 2.91% and a negative net margin of 27.84%.

Institutional Inflows and Outflows

A number of hedge funds have recently bought and sold shares of the company. Jane Street Group LLC acquired a new position in SeaChange International during the first quarter worth about $38,000. Virtu Financial LLC purchased a new position in SeaChange International in the 1st quarter worth about $39,000. US Bancorp DE purchased a new position in SeaChange International in the 1st quarter worth about $41,000. Vanguard Group Inc. increased its stake in SeaChange International by 2.3% in the 3rd quarter. Vanguard Group Inc. now owns 1,806,961 shares of the software maker’s stock worth $777,000 after purchasing an additional 40,000 shares in the last quarter. Finally, Renaissance Technologies LLC increased its stake in SeaChange International by 20.1% in the 1st quarter. Renaissance Technologies LLC now owns 277,461 shares of the software maker’s stock worth $101,000 after purchasing an additional 46,461 shares in the last quarter.

About SeaChange International

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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.

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