SeaChange International (SEAC) Price Target Raised to $4.50 at Dougherty & Co
SeaChange International (NASDAQ:SEAC) had its target price raised by research analysts at Dougherty & Co from $4.00 to $4.50 in a research report issued to clients and investors on Thursday. The brokerage presently has a “buy” rating on the software maker’s stock. Dougherty & Co’s target price suggests a potential upside of 60.71% from the company’s current price.
SEAC has been the topic of a number of other research reports. Zacks Investment Research raised shares of SeaChange International from a “hold” rating to a “buy” rating and set a $3.00 target price on the stock in a research note on Wednesday, September 13th. Lake Street Capital raised shares of SeaChange International from a “hold” rating to a “buy” rating and lifted their price target for the stock from $3.00 to $4.00 in a research note on Thursday.
Shares of SeaChange International (NASDAQ SEAC) traded up $0.06 during mid-day trading on Thursday, hitting $2.80. 313,100 shares of the stock were exchanged, compared to its average volume of 90,630. SeaChange International has a fifty-two week low of $2.16 and a fifty-two week high of $2.99.
Institutional investors have recently added to or reduced their stakes in the stock. Virtu KCG Holdings LLC purchased a new stake in SeaChange International during the 2nd quarter worth $132,000. King Luther Capital Management Corp increased its stake in SeaChange International by 14.3% during the 2nd quarter. King Luther Capital Management Corp now owns 80,000 shares of the software maker’s stock worth $213,000 after buying an additional 10,000 shares during the period. Northern Trust Corp increased its stake in SeaChange International by 5.7% during the 2nd quarter. Northern Trust Corp now owns 87,357 shares of the software maker’s stock worth $232,000 after buying an additional 4,702 shares during the period. Bank of New York Mellon Corp increased its stake in SeaChange International by 0.9% during the 2nd quarter. Bank of New York Mellon Corp now owns 213,810 shares of the software maker’s stock worth $569,000 after buying an additional 1,918 shares during the period. Finally, Bourgeon Capital Management LLC grew its holdings in SeaChange International by 12.6% during the 3rd quarter. Bourgeon Capital Management LLC now owns 224,172 shares of the software maker’s stock worth $614,000 after acquiring an additional 25,046 shares in the last quarter. 73.53% of the stock is currently owned by hedge funds and other institutional investors.
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About SeaChange International
SeaChange International, Inc (SeaChange) is engaged in the delivery of multiscreen video. The Company’s products and services facilitate the aggregation, licensing, management and distribution of video and advertising content for cable television system operators, telecommunications companies, satellite operators and media companies.
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