SeaChange International (NASDAQ:SEAC) Earns Hold Rating from Analysts at StockNews.com

by · The Cerbat Gem

StockNews.com began coverage on shares of SeaChange International (NASDAQ:SEAC – Free Report) in a report issued on Friday. The brokerage issued a hold rating on the software maker’s stock.

SeaChange International Stock Performance

NASDAQ SEAC opened at $5.20 on Friday. The business has a fifty day moving average price of $2.45 and a 200 day moving average price of $3.21. The company has a market cap of $13.57 million, a P/E ratio of -1.41 and a beta of 0.79. SeaChange International has a one year low of $1.50 and a one year high of $10.98.

Institutional Trading of SeaChange International

Hedge funds and other institutional investors have recently modified their holdings of the business. Renaissance Technologies LLC boosted its stake in shares of SeaChange International by 20.1% in 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 during the period. Bank of America Corp DE grew its holdings 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. Vanguard Group Inc. grew its holdings in SeaChange International by 2.3% in the third quarter. Vanguard Group Inc. now owns 1,806,961 shares of the software maker’s stock valued at $777,000 after purchasing an additional 40,000 shares during the last quarter. Virtu Financial LLC purchased a new stake in shares of SeaChange International in the first quarter valued at $39,000. Finally, Jane Street Group LLC purchased a new position in SeaChange International during the first quarter worth about $38,000. 33.14% of the stock is owned by institutional investors and hedge funds.

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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