Investment analysts at StockNews.com began coverage on shares of SeaChange International (NASDAQ:SEAC – Get Free Report) in a research report issued to clients and investors on Tuesday. The brokerage set a “hold” rating on the software maker’s stock.
SeaChange International Price Performance
Shares of NASDAQ SEAC opened at $4.25 on Tuesday. The company’s 50 day simple moving average is $3.24 and its 200 day simple moving average is $3.16. SeaChange International has a fifty-two week low of $1.50 and a fifty-two week high of $10.40. The firm has a market capitalization of $11.09 million, a P/E ratio of -1.15 and a beta of 0.98.
Hedge Funds Weigh In On SeaChange International
Large investors have recently bought and sold shares of the business. Renaissance Technologies LLC lifted its holdings in SeaChange International by 20.1% in the first quarter. Renaissance Technologies LLC now owns 277,461 shares of the software maker’s stock valued at $101,000 after buying an additional 46,461 shares during the period. Bank of America Corp DE lifted its holdings in SeaChange International by 122,509.1% in the first quarter. Bank of America Corp DE now owns 107,896 shares of the software maker’s stock valued at $39,000 after buying an additional 107,808 shares during the period. Vanguard Group Inc. lifted its holdings in SeaChange International by 2.3% in the third quarter. Vanguard Group Inc. now owns 1,806,961 shares of the software maker’s stock valued at $777,000 after buying an additional 40,000 shares during the period. Virtu Financial LLC acquired a new position in SeaChange International in the first quarter valued at approximately $39,000. Finally, Jane Street Group LLC acquired a new position in SeaChange International in the first quarter valued at approximately $38,000.
SeaChange International Company Profile
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.
Featured Articles
- Five stocks we like better than SeaChange International
- Stock Analyst Ratings and Canadian Analyst Ratings
- United Airlines Soars on Earnings Beat
- What Are Dividend Challengers?
- J.B. Hunt Hits the Skids: Lower Prices to Come
- What is a Dividend King?
- Predicting a Bear Market: 7 Signs and Why it’s Tough to Do
Receive News & Ratings for SeaChange International Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for SeaChange International and related companies with MarketBeat.com's FREE daily email newsletter.