SeaChange International Inc. (NASDAQ:SEAC) shares saw strong trading volume on Friday . 93,143 shares changed hands during trading, a decline of 7% from the previous session’s volume of 99,821 shares.The stock last traded at $2.77 and had previously closed at $2.77.

Several equities analysts recently commented on the stock. Zacks Investment Research lowered shares of SeaChange International from a “hold” rating to a “sell” rating in a research report on Thursday, June 16th. Dougherty & Co dropped their price target on shares of SeaChange International from $7.00 to $6.00 and set a “buy” rating for the company in a research report on Wednesday. Finally, Lake Street Capital lowered shares of SeaChange International from a “buy” rating to a “hold” rating and dropped their price target for the stock from $4.50 to $3.00 in a research report on Tuesday. One equities research analyst has rated the stock with a sell rating, two have assigned a hold rating and three have assigned a buy rating to the stock. The company currently has an average rating of “Hold” and an average price target of $5.95.

The stock has a 50 day moving average of $3.22 and a 200-day moving average of $4.03. The firm’s market capitalization is $97.73 million.

SeaChange International (NASDAQ:SEAC) last announced its quarterly earnings data on Tuesday, June 7th. The company reported ($0.20) earnings per share (EPS) for the quarter, hitting the Thomson Reuters’ consensus estimate of ($0.20). During the same quarter in the prior year, the company earned ($0.20) earnings per share. The business earned $21.60 million during the quarter. SeaChange International’s revenue was down 6.9% on a year-over-year basis. On average, equities research analysts forecast that SeaChange International Inc. will post ($0.46) EPS for the current fiscal year.

In other news, Director Mary Palermo Cotton bought 25,000 shares of the firm’s stock in a transaction on Friday, June 10th. The stock was bought at an average cost of $3.36 per share, for a total transaction of $84,000.00. Following the completion of the acquisition, the director now directly owns 151,733 shares in the company, valued at approximately $509,822.88. The purchase was disclosed in a document filed with the SEC, which is available at this link. Also, 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 price of $3.40 per share, with a total value of $34,000.00. Following the completion of the acquisition, the director now owns 167,121 shares of the company’s stock, valued at $568,211.40. The disclosure for this purchase can be found here.

An institutional investor recently raised its position 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 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 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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