SeaChange International (NASDAQ:SEAC) Coverage Initiated by Analysts at StockNews.com

Equities researchers at StockNews.com assumed coverage on shares of SeaChange International (NASDAQ:SEAC) in a report released on Tuesday. The firm set a “hold” rating on the software maker’s stock.

SeaChange International Stock Performance

Shares of SeaChange International stock opened at $4.25 on Tuesday. The firm has a market capitalization of $11.09 million, a PE ratio of -1.15 and a beta of 0.98. The firm’s 50 day moving average is $3.24 and its 200 day moving average is $3.16. SeaChange International has a 1 year low of $1.50 and a 1 year high of $10.40.

Institutional Investors Weigh In On SeaChange International

Several hedge funds and other institutional investors have recently made changes to their positions in SEAC. US Bancorp DE bought a new stake in shares of SeaChange International during the 1st quarter valued at approximately $41,000. Vanguard Group Inc. grew its holdings in shares of SeaChange International by 6.7% during the 1st quarter. Vanguard Group Inc. now owns 1,819,336 shares of the software maker’s stock valued at $2,056,000 after purchasing an additional 114,207 shares during the last quarter. Renaissance Technologies LLC grew its holdings in shares of SeaChange International by 689.5% during the 1st quarter. Renaissance Technologies LLC now owns 386,858 shares of the software maker’s stock valued at $437,000 after purchasing an additional 337,858 shares during the last quarter. Jane Street Group LLC bought a new stake in SeaChange International during the 1st quarter worth approximately $38,000. Finally, Virtu Financial LLC bought a new stake in SeaChange International during the 1st quarter worth approximately $39,000.

About SeaChange International

SeaChange International, Inc provides video delivery, advertising, streaming platforms, and emerging Free Ad-Supported Streaming TV (FAST) products and services that facilitate the aggregation, licensing, management and distribution of video and advertising content worldwide. It offers Operator TV Platform solutions including customer's current network with OTT video management solutions in a single deployment, digital video broadcasting – cable / quadrature amplitude modulation networks with OTT streaming, and immersive multiscreen experience and on demand services, as well as pre-integrated solutions, such as multi-content delivery networks including Broadpeak, Edgeware and HBO, multidigital rights management, and seamless integration with existing network components.