SeaChange International (NASDAQ:SEAC) Receives New Coverage from Analysts at StockNews.com

StockNews.com started coverage on shares of SeaChange International (NASDAQ:SEACGet Rating) in a research note issued to investors on Monday morning. The brokerage issued a hold rating on the software maker’s stock.

SeaChange International Price Performance

NASDAQ:SEAC opened at $0.43 on Monday. The firm has a market cap of $21.44 million, a price-to-earnings ratio of -1.65 and a beta of 1.03. The company has a 50 day moving average price of $0.42 and a 200-day moving average price of $0.55. SeaChange International has a 1-year low of $0.37 and a 1-year high of $3.44.

Institutional Investors Weigh In On SeaChange International

Several institutional investors and hedge funds have recently added to or reduced their stakes in SEAC. Vanguard Group Inc. boosted its stake in SeaChange International by 2.3% during the 3rd quarter. Vanguard Group Inc. now owns 1,806,961 shares of the software maker’s stock worth $777,000 after purchasing an additional 40,000 shares during the last quarter. Virtu Financial LLC acquired a new stake in SeaChange International during the 1st quarter worth $39,000. Jane Street Group LLC acquired a new stake in SeaChange International during the 1st quarter worth $38,000. Renaissance Technologies LLC boosted its stake in SeaChange International by 689.5% during the 1st quarter. Renaissance Technologies LLC now owns 386,858 shares of the software maker’s stock worth $437,000 after purchasing an additional 337,858 shares during the last quarter. Finally, US Bancorp DE acquired a new stake in SeaChange International during the 1st quarter worth $41,000. Hedge funds and other institutional investors own 26.11% of the company’s stock.

SeaChange International Company Profile

(Get Rating)

SeaChange International, Inc provides multiscreen, advertising, and premium over the top (OTT) video products and services that facilitate the aggregation, licensing, management, and distribution of video and advertising content worldwide. The company offers video products, including video back-office, a software platform that enables content and service providers to manage, monetize and deliver a seamless viewing experience to subscribers across televisions, personal computers (PCs), tablets, smart phones, and other IP-enabled devices; and media asset management software, which is used to receive, manage and publish video content for viewing on televisions, tablets, PCs and other consumer devices.

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