SeaChange International Inc. (NASDAQ:SEAC)’s share price hit a new 52-week low on Tuesday . The company traded as low as $2.88 and last traded at $3.07, with a volume of 340,440 shares traded. The stock had previously closed at $3.32.

A number of equities analysts have weighed in on SEAC shares. Zacks Investment Research downgraded SeaChange International from a “buy” rating to a “hold” rating in a research report on Wednesday, June 8th. Lake Street Capital downgraded SeaChange International from a “buy” rating to a “hold” rating in a research report on Tuesday. Three investment analysts have rated the stock with a hold rating and three have assigned a buy rating to the company. The company presently has a consensus rating of “Buy” and an average target price of $7.05.

The company’s market capitalization is $106.17 million. The stock’s 50 day moving average is $3.27 and its 200 day moving average is $4.09.

SeaChange International (NASDAQ:SEAC) last announced its quarterly earnings results on Tuesday, June 7th. The company reported ($0.20) earnings per share for the quarter, meeting the Thomson Reuters’ consensus estimate of ($0.20). The business earned $21.60 million during the quarter. During the same quarter last year, the firm posted ($0.20) earnings per share. The business’s quarterly revenue was down 6.9% compared to the same quarter last year. On average, equities analysts predict that SeaChange International Inc. will post ($0.04) EPS for the current year.

In other SeaChange International news, Director Mary Palermo Cotton purchased 25,000 shares of the company’s stock in a transaction that occurred on Friday, June 10th. The shares were acquired at an average price of $3.36 per share, with a total value of $84,000.00. Following the transaction, the director now owns 151,733 shares in the company, valued at $509,822.88. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, Director Thomas F. Olson purchased 10,000 shares of the company’s stock in a transaction that occurred on Thursday, June 16th. The stock was acquired at an average cost of $3.40 per share, for a total transaction of $34,000.00. Following the transaction, the director now owns 167,121 shares in the company, valued at approximately $568,211.40. 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 raised its stake in shares of SeaChange International Inc. (NASDAQ:SEAC) by 3.1% during the fourth quarter, according to its most recent 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 1.08% of SeaChange International worth $2,444,000 at the end of the most recent quarter.

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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