SeaChange International (NASDAQ:SEAC)’s share price was up 8.4% during mid-day trading on Friday . The stock traded as high as $2.01 and last traded at $1.93, approximately 645,282 shares traded hands during mid-day trading. An increase of 280% from the average daily volume of 169,981 shares. The stock had previously closed at $1.78.
Several equities research analysts have 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 given a hold rating and two have issued a buy rating to the stock. The stock currently has an average rating of “Hold” and a consensus target price of $3.00.
The firm has a fifty day moving average price of $1.49. The firm has a market cap of $64.43 million, a P/E ratio of -4.95 and a beta of 0.87. The company has a quick ratio of 2.03, a current ratio of 2.06 and a debt-to-equity ratio of 0.03.
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). The business had revenue of $8.49 million during the quarter. SeaChange International had a negative return on equity of 30.21% and a negative net margin of 77.53%. Analysts anticipate that SeaChange International will post -0.31 EPS for the current year.
In other news, insider Mark J. Bonney acquired 126,749 shares of the firm’s stock in a transaction that occurred on Wednesday, June 12th. The stock was acquired at an average cost of $1.50 per share, for a total transaction of $190,123.50. Following the completion of 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 at this hyperlink. Also, Director Robert M. Pons acquired 20,000 shares of the firm’s stock in a transaction that occurred on Wednesday, June 12th. The shares were purchased 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 of the company’s stock, valued at approximately $173,517.33. The disclosure for this purchase can be found here. 2.90% of the stock is currently owned by company insiders.
Several large investors have recently bought and sold shares of SEAC. GMT Capital Corp acquired a new position in SeaChange International during the first quarter valued at approximately $51,000. SG Capital Management LLC acquired a new position in SeaChange International during the second quarter valued at approximately $97,000. Finally, Eidelman Virant Capital boosted its position in SeaChange International by 91.8% during the first quarter. Eidelman Virant Capital now owns 633,000 shares of the software maker’s stock valued at $841,000 after purchasing an additional 303,000 shares during the last quarter. Institutional investors and hedge funds own 40.00% of the company’s stock.
SeaChange International Company Profile (NASDAQ:SEAC)
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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