SeaChange International (SEAC) Stock Rating Upgraded by Lake Street Capital
SeaChange International (NASDAQ:SEAC) was upgraded by investment analysts at Lake Street Capital from a “hold” rating to a “buy” rating in a report released on Thursday, Marketbeat Ratings reports. The brokerage presently has a $4.00 price objective on the software maker’s stock, up from their previous price objective of $3.00. Lake Street Capital’s price objective points to a potential upside of 42.86% from the company’s previous close.
Separately, Zacks Investment Research upgraded shares of SeaChange International from a “hold” rating to a “buy” rating and set a $3.00 price objective for the company in a research note on Wednesday, September 13th.
SeaChange International (SEAC) opened at $2.80 on Thursday. SeaChange International has a 12 month low of $2.16 and a 12 month high of $2.99.
Large investors have recently added to or reduced their stakes in the business. Virtu KCG Holdings LLC bought a new stake in SeaChange International during the 2nd quarter valued at about $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 valued at $213,000 after purchasing an additional 10,000 shares in the last quarter. Northern Trust Corp boosted its holdings in shares of SeaChange International by 5.7% during the 2nd quarter. Northern Trust Corp now owns 87,357 shares of the software maker’s stock valued at $232,000 after acquiring an additional 4,702 shares during the last quarter. Bank of New York Mellon Corp boosted its holdings in shares of 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 valued at $569,000 after acquiring an additional 1,918 shares during the last quarter. Finally, Bourgeon Capital Management LLC boosted its holdings in shares of SeaChange International by 12.6% during the 3rd quarter. Bourgeon Capital Management LLC now owns 224,172 shares of the software maker’s stock valued at $614,000 after acquiring an additional 25,046 shares during the last quarter. Institutional investors and hedge funds own 73.53% of the company’s stock.
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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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