SeaChange International Inc. (NASDAQ:SEAC)’s share price fell 3.4% during mid-day trading on Thursday . The company traded as low as $2.75 and last traded at $2.82, with a volume of 2,547,559 shares. The stock had previously closed at $2.92.

A number of brokerages have recently issued reports on SEAC. Zacks Investment Research lowered shares of SeaChange International from a “buy” rating to a “hold” rating in a research report on Wednesday, June 8th. Lake Street Capital lowered shares of SeaChange International from a “buy” rating to a “hold” rating and reduced their target price for the stock from $4.50 to $3.00 in a research report on Tuesday, August 23rd. Finally, 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. One equities research analyst has rated the stock with a sell rating, two have assigned a hold rating and three have given a buy rating to the stock. The company presently has a consensus rating of “Hold” and a consensus price target of $5.95.

The firm’s market cap is $102.30 million. The firm’s 50-day moving average is $3.16 and its 200 day moving average is $3.95.

SeaChange International (NASDAQ:SEAC) last released its earnings results on Thursday, September 1st. The company reported ($0.21) EPS for the quarter, meeting the consensus estimate of ($0.21). The firm earned $18.50 million during the quarter. The firm’s revenue for the quarter was down 33.7% on a year-over-year basis. During the same quarter in the prior year, the company posted ($0.04) earnings per share. Equities research analysts predict that SeaChange International Inc. will post ($0.46) EPS for the current fiscal year.

In other SeaChange International news, Director Thomas F. Olson bought 10,000 shares of SeaChange International stock in a transaction on Thursday, June 16th. The shares were purchased at an average cost of $3.40 per share, with a total value 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 document filed with the SEC, which can be accessed through this hyperlink. Also, Director Mary Palermo Cotton bought 25,000 shares of SeaChange International stock in a transaction on Friday, June 10th. The shares were acquired 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 $509,822.88. The disclosure for this purchase can be found here.

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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