SeaChange International Inc. (NASDAQ:SEAC) reached 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. The stock had previously closed at $3.32.

A number of research firms have recently weighed in on SEAC. Zacks Investment Research downgraded SeaChange International from a “buy” rating to a “hold” rating in a research note on Wednesday, June 8th. Lake Street Capital downgraded SeaChange International from a “buy” rating to a “hold” rating and cut their price target for the stock from $4.50 to $3.00 in a research note on Tuesday. Finally, Dougherty & Co cut their price target on SeaChange International from $7.00 to $6.00 and set a “buy” rating for the company in a research note on Wednesday. Three investment analysts have rated the stock with a hold rating and three have issued a buy rating to the company’s stock. The stock has an average rating of “Buy” and an average target price of $5.95.

The company’s market cap is $98.79 million. The company’s 50-day moving average price is $3.25 and its 200 day moving average price is $4.06.

SeaChange International (NASDAQ:SEAC) last announced its quarterly earnings data on Tuesday, June 7th. The company reported ($0.20) EPS for the quarter, hitting analysts’ consensus estimates of ($0.20). The company had revenue of $21.60 million for the quarter. The firm’s revenue for the quarter was down 6.9% compared to the same quarter last year. During the same period in the previous year, the business posted ($0.20) earnings per share. On average, equities research analysts expect that SeaChange International Inc. will post ($0.17) earnings per share for the current year.

In other SeaChange International news, Director Thomas F. Olson bought 10,000 shares of the firm’s stock in a transaction on Thursday, June 16th. The stock was purchased at an average cost of $3.40 per share, with a total value of $34,000.00. Following the completion of the purchase, the director now owns 167,121 shares in the company, valued at $568,211.40. The transaction was disclosed in a legal filing with the SEC, which is available at this hyperlink. Also, Director Mary Palermo Cotton bought 25,000 shares of the firm’s stock in a transaction on Friday, June 10th. The stock was acquired at an average cost of $3.36 per share, with a total value of $84,000.00. Following the completion of the purchase, the director now 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 raised its position in shares of SeaChange International Inc. (NASDAQ:SEAC) by 3.1% during the fourth quarter, according to its most recent disclosure 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 at the end of the most recent reporting period.

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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