Equities research analysts expect SeaChange International (NASDAQ:SEAC) to announce earnings of ($0.08) per share for the current fiscal quarter, Zacks Investment Research reports. Zero analysts have provided estimates for SeaChange International’s earnings. SeaChange International posted earnings per share of ($0.21) in the same quarter last year, which suggests a positive year over year growth rate of 61.9%. The company is scheduled to announce its next quarterly earnings report on Wednesday, September 4th.
On average, analysts expect that SeaChange International will report full year earnings of ($0.24) per share for the current year. Zacks’ EPS averages are a mean average based on a survey of analysts that that provide coverage for SeaChange International.
SeaChange International (NASDAQ:SEAC) last announced its quarterly earnings results on Thursday, June 6th. The software maker reported ($0.19) earnings per share (EPS) for the quarter, missing the consensus estimate of ($0.09) by ($0.10). SeaChange International had a negative net margin of 77.53% and a negative return on equity of 30.21%. The company had revenue of $8.49 million during the quarter.
Several analysts recently issued reports on SEAC shares. ValuEngine downgraded Zumiez from a “hold” rating to a “sell” rating in a report on Tuesday, July 2nd. Zacks Investment Research downgraded W. R. Grace & Co from a “buy” rating to a “hold” rating in a report on Wednesday, May 1st. One analyst has rated the stock with a sell rating, two have assigned a hold rating and two have given a buy rating to the company’s stock. SeaChange International presently has an average rating of “Hold” and an average price target of $3.00.
NASDAQ SEAC traded up $0.23 during trading hours on Thursday, hitting $1.93. The company had a trading volume of 1,143,400 shares, compared to its average volume of 163,896. SeaChange International has a fifty-two week low of $1.13 and a fifty-two week high of $3.32. The stock has a market cap of $64.80 million, a P/E ratio of -4.95 and a beta of 0.87. The company has a debt-to-equity ratio of 0.03, a current ratio of 2.06 and a quick ratio of 2.03. The business’s 50 day moving average is $1.39.
In related news, insider Mark J. Bonney purchased 126,749 shares of the stock in a transaction that occurred on Wednesday, June 12th. The stock was purchased at an average cost of $1.50 per share, for a total transaction of $190,123.50. Following the acquisition, the insider now owns 351,527 shares in the company, valued at $527,290.50. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, Director Robert M. Pons purchased 20,000 shares of the stock in a transaction that occurred on Wednesday, June 12th. The stock was bought at an average price of $1.47 per share, with a total value of $29,400.00. Following the completion of the acquisition, the director now owns 118,039 shares in the company, valued at approximately $173,517.33. The disclosure for this purchase can be found here. 4.50% of the stock is currently owned by corporate insiders.
A hedge fund recently raised its stake in SeaChange International stock. Eidelman Virant Capital grew its holdings in shares of SeaChange International (NASDAQ:SEAC) by 91.8% in the 1st quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 633,000 shares of the software maker’s stock after acquiring an additional 303,000 shares during the period. Eidelman Virant Capital owned about 1.73% of SeaChange International worth $841,000 as of its most recent SEC filing. Institutional investors own 40.00% of the company’s stock.
About SeaChange International
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 television advertising content worldwide. It offers video products, including SeaChange Adrenalin, a multiscreen video back office platform that enables service providers to manage, monetize, and deliver a seamless viewing experience across televisions, personal computers (PCs), tablets, smartphones, and other IP-enabled devices; and SeaChange AssetFlow, a content management solution, which is used to receive, manage, and publish content for viewing on televisions, tablets, PCs, and other consumer devices, as well as SeaChange Rave, an integrated platform.
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