Shares of SeaChange International Inc. (NASDAQ:SEAC) rose 3.2% on Monday . The company traded as high as $2.88 and last traded at $2.87, with a volume of 93,300 shares traded. The stock had previously closed at $2.78.

SEAC has been the topic of a number of recent analyst reports. Lake Street Capital lowered shares of SeaChange International from a “buy” rating to a “hold” rating and reduced their price objective for the stock from $4.50 to $3.00 in a research report on Tuesday, August 23rd. Dougherty & Co reduced their target price on shares of SeaChange International from $7.00 to $6.00 and set a “buy” rating on the stock in a research report on Wednesday, August 24th. Finally, Zacks Investment Research lowered shares of SeaChange International from a “hold” rating to a “sell” rating in a research report on Friday. One equities research analyst has rated the stock with a sell rating, two have given a hold rating and three have assigned a buy rating to the stock. SeaChange International currently has an average rating of “Hold” and an average price target of $5.95.

The stock’s 50-day moving average is $3.21 and its 200 day moving average is $3.99. The firm’s market cap is $102.30 million.

SeaChange International (NASDAQ:SEAC) last posted its quarterly earnings results on Tuesday, June 7th. The company reported ($0.20) earnings per share for the quarter, hitting analysts’ consensus estimates of ($0.20). The business had revenue of $21.60 million for the quarter. The company’s revenue was down 6.9% compared to the same quarter last year. During the same quarter in the previous year, the firm earned ($0.20) EPS. On average, equities research analysts predict that SeaChange International Inc. will post ($0.46) EPS for the current year.

In other news, Director Thomas F. Olson bought 10,000 shares of the firm’s stock in a transaction on Thursday, June 16th. The shares were bought at an average cost of $3.40 per share, for a total transaction of $34,000.00. Following the acquisition, the director now directly owns 167,121 shares of the company’s stock, valued at approximately $568,211.40. The acquisition was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, Director Mary Palermo Cotton bought 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 completion of the acquisition, the director now directly owns 151,733 shares in the company, 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 shares of SeaChange International Inc. (NASDAQ:SEAC) by 3.1% during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission (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 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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