SeaChange International (NASDAQ:SEAC) CEO Edward Terino acquired 50,000 shares of the stock in a transaction that occurred on Tuesday, September 11th. The stock was acquired at an average cost of $1.73 per share, for a total transaction of $86,500.00. Following the completion of the transaction, the chief executive officer now directly owns 371,043 shares in the company, valued at approximately $641,904.39. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink.
Shares of NASDAQ:SEAC traded up $0.01 during midday trading on Wednesday, hitting $1.64. The company had a trading volume of 176,200 shares, compared to its average volume of 213,842. The firm has a market capitalization of $60.91 million, a price-to-earnings ratio of 14.91 and a beta of 0.28. SeaChange International has a 12-month low of $1.38 and a 12-month high of $4.03.
SeaChange International (NASDAQ:SEAC) last posted its quarterly earnings data on Wednesday, September 5th. The software maker reported ($0.18) EPS for the quarter, topping the consensus estimate of ($0.19) by $0.01. The firm had revenue of $11.90 million during the quarter, compared to analyst estimates of $12.01 million. SeaChange International had a negative return on equity of 9.34% and a net margin of 7.99%. research analysts anticipate that SeaChange International will post -0.17 earnings per share for the current year.
A number of brokerages have weighed in on SEAC. Zacks Investment Research upgraded shares of SeaChange International from a “sell” rating to a “hold” rating in a research note on Saturday. TheStreet lowered shares of SeaChange International from a “c-” rating to a “d+” rating in a research note on Monday, August 27th. BWS Financial decreased their target price on shares of SeaChange International to $4.00 and set a “buy” rating for the company in a research note on Wednesday, August 22nd. Lake Street Capital lowered shares of SeaChange International from a “buy” rating to a “hold” rating and decreased their target price for the company from $4.00 to $2.00 in a research note on Tuesday, August 21st. Finally, ValuEngine upgraded shares of SeaChange International from a “hold” rating to a “buy” rating in a research note on Monday, July 2nd. Two analysts have rated the stock with a hold rating and three have issued a buy rating to the company’s stock. The company presently has a consensus rating of “Buy” and a consensus target price of $3.56.
Several large investors have recently bought and sold shares of the company. California Public Employees Retirement System increased its stake in shares of SeaChange International by 21.0% in the 1st quarter. California Public Employees Retirement System now owns 146,643 shares of the software maker’s stock worth $397,000 after purchasing an additional 25,443 shares in the last quarter. Connor Clark & Lunn Investment Management Ltd. purchased a new stake in shares of SeaChange International in the 2nd quarter worth $107,000. A.R.T. Advisors LLC increased its stake in shares of SeaChange International by 102.6% in the 1st quarter. A.R.T. Advisors LLC now owns 72,071 shares of the software maker’s stock worth $195,000 after purchasing an additional 36,500 shares in the last quarter. Spark Investment Management LLC increased its stake in shares of SeaChange International by 51.3% in the 2nd quarter. Spark Investment Management LLC now owns 128,000 shares of the software maker’s stock worth $437,000 after purchasing an additional 43,400 shares in the last quarter. Finally, Millennium Management LLC boosted its holdings in SeaChange International by 28.9% in the 2nd quarter. Millennium Management LLC now owns 261,433 shares of the software maker’s stock worth $894,000 after buying an additional 58,642 shares during the period. Hedge funds and other institutional investors own 73.93% of the company’s stock.
About SeaChange International
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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