SeaChange International Inc. (NASDAQ:SEAC) shot up 3.4% on Friday . The company traded as high as $3.31 and last traded at $3.31, with a volume of 68,745 shares traded. The stock had previously closed at $3.20.

Separately, Zacks Investment Research upgraded shares of SeaChange International from a “sell” rating to a “hold” rating in a report on Wednesday. Two research analysts have rated the stock with a hold rating and four have assigned a buy rating to the stock. The company presently has an average rating of “Buy” and a consensus price target of $7.05.

The stock’s market capitalization is $115.31 million. The company’s 50 day moving average is $3.27 and its 200-day moving average is $4.24.

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

In other news, Director Thomas F. Olson acquired 10,000 shares of the firm’s stock in a transaction on Thursday, June 16th. The shares were purchased at an average price of $3.40 per share, for a total transaction of $34,000.00. Following the completion of the transaction, the director now owns 167,121 shares of the company’s stock, valued at $568,211.40. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, Director Mary Palermo Cotton acquired 25,000 shares of the firm’s stock in a transaction on Friday, June 10th. The stock was purchased at an average price of $3.36 per share, for a total transaction of $84,000.00. Following the transaction, the director now directly owns 151,733 shares of the company’s stock, valued at approximately $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 position in shares of SeaChange International Inc. (NASDAQ:SEAC) by 3.1% during the fourth quarter, according to its most recent 13F filing with the SEC. The firm 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 about 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 facilitate the aggregation, licensing, management and distribution of video and advertising content for cable television system operators, telecommunications companies, satellite operators and media companies.

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