SEA (NYSE:SE) Receives New Coverage from Analysts at Stephens

Analysts at Stephens initiated coverage on shares of SEA (NYSE:SE) in a report issued on Tuesday, Marketbeat reports. The brokerage set an “overweight” rating on the Internet company based in Singapore’s stock.

Other equities analysts have also issued reports about the stock. Stifel Nicolaus lowered shares of SEA from a “buy” rating to a “hold” rating and raised their target price for the stock from $55.00 to $62.00 in a research report on Thursday, May 14th. CLSA raised SEA from an “underperform” rating to an “outperform” rating and set a $74.00 price target for the company in a report on Tuesday, May 19th. ValuEngine raised SEA from a “hold” rating to a “buy” rating in a report on Thursday, April 2nd. Piper Sandler increased their price target on SEA from $62.00 to $73.00 and gave the stock an “overweight” rating in a report on Tuesday, May 19th. Finally, Zacks Investment Research downgraded SEA from a “hold” rating to a “sell” rating in a report on Tuesday. One research analyst has rated the stock with a sell rating, two have issued a hold rating, seven have issued a buy rating and one has assigned a strong buy rating to the company’s stock. The stock has a consensus rating of “Buy” and a consensus target price of $58.33.

Shares of SE opened at $114.46 on Tuesday. The company has a current ratio of 1.67, a quick ratio of 1.65 and a debt-to-equity ratio of 1.42. The firm has a market cap of $35.57 billion, a PE ratio of -53.99 and a beta of 1.35. The company’s 50 day simple moving average is $87.91 and its 200-day simple moving average is $56.37. SEA has a 12-month low of $26.41 and a 12-month high of $116.76.

SEA (NYSE:SE) last announced its earnings results on Monday, May 18th. The Internet company based in Singapore reported ($0.52) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of ($0.38) by ($0.14). The business had revenue of $913.90 million for the quarter, compared to analysts’ expectations of $890.94 million. SEA had a negative return on equity of 83.74% and a negative net margin of 41.46%. The business’s revenue was up 57.9% on a year-over-year basis. During the same quarter last year, the business posted ($0.64) earnings per share. As a group, equities research analysts forecast that SEA will post -2.68 EPS for the current fiscal year.

A number of institutional investors have recently bought and sold shares of SE. First Trust Advisors LP purchased a new stake in SEA during the 1st quarter worth about $301,000. Bank of Montreal Can increased its position in SEA by 14.7% during the 4th quarter. Bank of Montreal Can now owns 8,635 shares of the Internet company based in Singapore’s stock worth $348,000 after purchasing an additional 1,106 shares in the last quarter. Pacer Advisors Inc. increased its position in SEA by 40.4% during the 4th quarter. Pacer Advisors Inc. now owns 1,488 shares of the Internet company based in Singapore’s stock worth $60,000 after purchasing an additional 428 shares in the last quarter. Great West Life Assurance Co. Can increased its position in SEA by 26.7% during the 4th quarter. Great West Life Assurance Co. Can now owns 27,863 shares of the Internet company based in Singapore’s stock worth $1,110,000 after purchasing an additional 5,863 shares in the last quarter. Finally, Paradice Investment Management LLC increased its position in SEA by 17.9% during the 4th quarter. Paradice Investment Management LLC now owns 37,271 shares of the Internet company based in Singapore’s stock worth $1,499,000 after purchasing an additional 5,649 shares in the last quarter. Hedge funds and other institutional investors own 68.88% of the company’s stock.

SEA Company Profile

Sea Limited engages in the digital entertainment, e-commerce, and digital financial service businesses in Taiwan, Thailand, Vietnam, Indonesia, and internationally. It provides Garena digital entertainment platform for users to access mobile and PC online games, and eSports operations; and access to other entertainment content, such as live streaming of online gameplay and social features.

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Analyst Recommendations for SEA (NYSE:SE)

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