SeaChange International (NASDAQ:SEAC) Now Covered by Analysts at StockNews.com

StockNews.com started coverage on shares of SeaChange International (NASDAQ:SEAC) in a research report report published on Sunday. The firm issued a hold rating on the software maker’s stock.

SeaChange International Price Performance

NASDAQ SEAC opened at $4.30 on Friday. The company has a market capitalization of $11.22 million, a PE ratio of -1.17 and a beta of 0.79. The company has a fifty day moving average of $2.79 and a 200 day moving average of $3.18. SeaChange International has a 1 year low of $1.50 and a 1 year high of $10.98.

Institutional Inflows and Outflows

A number of large investors have recently modified their holdings of the company. Jane Street Group LLC acquired a new position in shares of SeaChange International in the first quarter worth about $38,000. Virtu Financial LLC purchased a new stake in shares of SeaChange International during the first quarter worth about $39,000. US Bancorp DE purchased a new stake in shares of SeaChange International during the first quarter worth about $41,000. Vanguard Group Inc. increased its stake in shares of SeaChange International by 2.3% during the third quarter. Vanguard Group Inc. now owns 1,806,961 shares of the software maker’s stock worth $777,000 after purchasing an additional 40,000 shares in the last quarter. Finally, Renaissance Technologies LLC increased its stake in shares of SeaChange International by 20.1% during the first quarter. Renaissance Technologies LLC now owns 277,461 shares of the software maker’s stock worth $101,000 after purchasing an additional 46,461 shares in the last quarter.

SeaChange International Company Profile

SeaChange International, Inc provides video delivery, advertising, streaming platforms, and emerging Free Ad-Supported Streaming TV (FAST) products and services that facilitate the aggregation, licensing, management and distribution of video and advertising content worldwide. It offers Operator TV Platform solutions including customer's current network with OTT video management solutions in a single deployment, digital video broadcasting – cable / quadrature amplitude modulation networks with OTT streaming, and immersive multiscreen experience and on demand services, as well as pre-integrated solutions, such as multi-content delivery networks including Broadpeak, Edgeware and HBO, multidigital rights management, and seamless integration with existing network components.