SeaChange International (SEAC) Receives $4.17 Average Price Target from Brokerages


SeaChange International (NASDAQ:SEAC) has been given an average recommendation of “Buy” by the six ratings firms that are presently covering the stock, Marketbeat.com reports. Four investment analysts have rated the stock with a buy recommendation and one has given a strong buy recommendation to the company. The average 1-year price target among analysts that have issued a report on the stock in the last year is $4.17.


A number of equities analysts have weighed in on SEAC shares. BWS Financial reiterated a “buy” rating on shares of SeaChange International in a research report on Tuesday, April 17th. TheStreet upgraded shares of SeaChange International from a “d” rating to a “c-” rating in a research report on Thursday, June 7th. Finally, ValuEngine upgraded shares of SeaChange International from a “hold” rating to a “buy” rating in a research report on Monday, July 2nd.

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Several institutional investors and hedge funds have recently bought and sold shares of the business. Dimensional Fund Advisors LP boosted its position in shares of SeaChange International by 18.1% in the first quarter. Dimensional Fund Advisors LP now owns 2,129,476 shares of the software maker’s stock worth $5,771,000 after purchasing an additional 326,752 shares during the period. Segall Bryant & Hamill LLC lifted its holdings in shares of SeaChange International by 7.8% in the first quarter. Segall Bryant & Hamill LLC now owns 1,840,967 shares of the software maker’s stock worth $4,989,000 after buying an additional 132,993 shares in the last quarter. Renaissance Technologies LLC lifted its holdings in shares of SeaChange International by 41.8% in the fourth quarter. Renaissance Technologies LLC now owns 1,584,224 shares of the software maker’s stock worth $6,226,000 after buying an additional 466,900 shares in the last quarter. PenderFund Capital Management Ltd. lifted its holdings in shares of SeaChange International by 88.0% in the first quarter. PenderFund Capital Management Ltd. now owns 1,437,584 shares of the software maker’s stock worth $4,572,000 after buying an additional 672,791 shares in the last quarter. Finally, Algert Global LLC lifted its holdings in shares of SeaChange International by 34.5% in the first quarter. Algert Global LLC now owns 1,043,648 shares of the software maker’s stock worth $2,828,000 after buying an additional 267,917 shares in the last quarter. Institutional investors and hedge funds own 73.88% of the company’s stock.


SeaChange International traded down $0.02, hitting $3.30, during trading hours on Monday, according to Marketbeat.com. 34,300 shares of the company’s stock traded hands, compared to its average volume of 195,170. The firm has a market capitalization of $118.26 million, a price-to-earnings ratio of 30.00, a price-to-earnings-growth ratio of 4.15 and a beta of 0.62. SeaChange International has a 52 week low of $2.40 and a 52 week high of $4.03.

SeaChange International (NASDAQ:SEAC) last announced its earnings results on Monday, April 16th. The software maker reported $0.10 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.08 by $0.02. The company had revenue of $22.95 million during the quarter, compared to analyst estimates of $22.87 million. SeaChange International had a net margin of 17.06% and a negative return on equity of 0.37%. analysts predict that SeaChange International will post 0.08 EPS for the current fiscal year.


About SeaChange International

SeaChange International, Inc provides multiscreen video, 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 to cable system operators, satellite operators, and telecommunications and media companies worldwide.