SeaChange International (NASDAQ:SEAC) Chairman William Francis Markey III acquired 10,000 shares of the stock in a transaction dated Friday, September 14th. The stock was acquired at an average cost of $1.77 per share, with a total value of $17,700.00. Following the transaction, the chairman now owns 135,460 shares of the company’s stock, valued at $239,764.20. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website.
Shares of NASDAQ SEAC traded down $0.07 on Monday, hitting $1.69. The company had a trading volume of 335,600 shares, compared to its average volume of 232,257. SeaChange International has a 12-month low of $1.38 and a 12-month high of $4.03. The company has a market capitalization of $63.99 million, a price-to-earnings ratio of 15.45 and a beta of 0.17.
SeaChange International (NASDAQ:SEAC) last issued its earnings results on Wednesday, September 5th. The software maker reported ($0.18) earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of ($0.19) by $0.01. SeaChange International had a negative return on equity of 9.38% and a net margin of 7.99%. The company had revenue of $11.90 million during the quarter, compared to the consensus estimate of $12.01 million. Sell-side analysts expect that SeaChange International will post -0.25 earnings per share for the current fiscal year.
Several large investors have recently added to or reduced their stakes in SEAC. ClariVest Asset Management LLC acquired a new position in shares of SeaChange International in the first quarter worth about $180,000. Alambic Investment Management L.P. lifted its stake in shares of SeaChange International by 649.8% in the first quarter. Alambic Investment Management L.P. now owns 710,353 shares of the software maker’s stock worth $1,925,000 after acquiring an additional 615,614 shares in the last quarter. Spark Investment Management LLC acquired a new position in shares of SeaChange International in the first quarter worth about $229,000. JPMorgan Chase & Co. lifted its stake in shares of SeaChange International by 10,478.7% in the first quarter. JPMorgan Chase & Co. now owns 253,888 shares of the software maker’s stock worth $688,000 after acquiring an additional 251,488 shares in the last quarter. Finally, California Public Employees Retirement System lifted its stake in shares of SeaChange International by 21.0% in the first quarter. California Public Employees Retirement System now owns 146,643 shares of the software maker’s stock worth $397,000 after acquiring an additional 25,443 shares in the last quarter. Institutional investors and hedge funds own 73.64% of the company’s stock.
A number of equities research analysts have recently commented on the company. Lake Street Capital downgraded SeaChange International from a “buy” rating to a “hold” rating and lowered their price objective for the company from $4.00 to $2.00 in a research report on Tuesday, August 21st. Zacks Investment Research raised SeaChange International from a “sell” rating to a “hold” rating in a research report on Saturday, September 8th. BWS Financial lowered their price target on SeaChange International to $4.00 and set a “buy” rating for the company in a research report on Wednesday, August 22nd. TheStreet downgraded SeaChange International from a “c-” rating to a “d+” rating in a research report on Monday, August 27th. Finally, ValuEngine raised SeaChange International from a “hold” rating to a “buy” rating in a research report on Monday, July 2nd. Two equities research analysts have rated the stock with a hold rating and three have given a buy rating to the stock. The stock presently has an average rating of “Buy” and a consensus target price of $3.56.
SeaChange International Company Profile
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.
Featured Article: Trading Strategy
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.