SeaChange International Inc. (NASDAQ:SEAC)’s share price traded down 1.5% on Monday . The company traded as low as $3.18 and last traded at $3.19, with a volume of 90,431 shares traded. The stock had previously closed at $3.24.

A number of equities analysts have weighed in on the stock. Dougherty & Co cut their price target on shares of SeaChange International from $9.00 to $7.00 and set a “buy” rating on the stock in a research note on Friday, April 8th. Noble Financial downgraded shares of SeaChange International from a “buy” rating to a “hold” rating in a research note on Friday, April 8th. Zacks Investment Research downgraded shares of SeaChange International from a “buy” rating to a “hold” rating in a research note on Thursday, June 2nd. Finally, BWS Financial reaffirmed a “buy” rating and set a $6.00 price target (down previously from $10.00) on shares of SeaChange International in a research note on Monday, April 11th. One investment analyst has rated the stock with a sell rating, three have given a hold rating and four have given a buy rating to the company. SeaChange International currently has an average rating of “Hold” and an average price target of $7.05.

The company’s 50-day moving average price is $3.36 and its 200 day moving average price is $4.60. The firm’s market cap is $112.15 million.

SeaChange International (NASDAQ:SEAC) last released its earnings results on Tuesday, June 7th. The company reported ($0.20) EPS for the quarter, hitting analysts’ consensus estimates of ($0.20). The business earned $21.60 million during the quarter. During the same quarter in the prior year, the firm earned ($0.20) EPS. SeaChange International’s quarterly revenue was down 6.9% on a year-over-year basis. On average, analysts forecast that SeaChange International Inc. will post ($0.04) earnings per share for the current year.

In other news, Director Thomas F. Olson bought 10,000 shares of the company’s stock in a transaction dated Thursday, June 16th. The shares were acquired at an average cost of $3.40 per share, with a total value of $34,000.00. Following the completion of the transaction, the director now directly owns 167,121 shares in the company, valued at approximately $568,211.40. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Also, Director Mary Palermo Cotton bought 25,000 shares of the company’s stock in a transaction dated Friday, June 10th. The stock was purchased at an average cost of $3.36 per share, for a total transaction of $84,000.00. Following the completion of the transaction, the director now owns 151,733 shares of the company’s stock, valued at $509,822.88. The disclosure for this purchase can be found here.

A hedge fund recently raised its stake in SeaChange International stock. New York State Common Retirement Fund boosted its stake in SeaChange International Inc. (NASDAQ:SEAC) by 3.1% during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 362,668 shares of the company’s stock after buying an additional 10,900 shares during the period. New York State Common Retirement Fund owned 1.08% of SeaChange International worth $2,444,000 as of its most recent SEC filing.

SeaChange International, Inc (SeaChange) is engaged in the delivery of multiscreen video. The Company’s products and services provide aggregation, licensing, management and distribution of video, primarily movies and television programming, and television advertising content to cable television system operators, telecommunications and media companies.

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