Stock analysts at StockNews.com initiated coverage on shares of SeaChange International (NASDAQ:SEAC – Get Rating) in a note issued to investors on Monday. The firm set a “hold” rating on the software maker’s stock.
SeaChange International Stock Performance
NASDAQ:SEAC opened at $0.43 on Monday. SeaChange International has a fifty-two week low of $0.37 and a fifty-two week high of $3.44. The stock has a market capitalization of $21.28 million, a P/E ratio of -1.63 and a beta of 1.03. The company’s 50-day simple moving average is $0.43 and its 200-day simple moving average is $0.56.
Hedge Funds Weigh In On SeaChange International
Several hedge funds and other institutional investors have recently modified their holdings of SEAC. US Bancorp DE purchased a new position in shares of SeaChange International in the 1st quarter valued at approximately $41,000. Vanguard Group Inc. raised its position in shares of SeaChange International by 6.7% in the 1st quarter. Vanguard Group Inc. now owns 1,819,336 shares of the software maker’s stock valued at $2,056,000 after purchasing an additional 114,207 shares during the last quarter. Renaissance Technologies LLC raised its position in shares of SeaChange International by 689.5% in the 1st quarter. Renaissance Technologies LLC now owns 386,858 shares of the software maker’s stock valued at $437,000 after purchasing an additional 337,858 shares during the last quarter. Jane Street Group LLC purchased a new position in shares of SeaChange International in the 1st quarter valued at approximately $38,000. Finally, Virtu Financial LLC purchased a new position in shares of SeaChange International in the 1st quarter valued at approximately $39,000. 26.11% of the stock is owned by hedge funds and other institutional investors.
SeaChange International Company Profile
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 advertising content worldwide. The company offers video products, including video back-office, a software platform that enables content and service providers to manage, monetize and deliver a seamless viewing experience to subscribers across televisions, personal computers (PCs), tablets, smart phones, and other IP-enabled devices; and media asset management software, which is used to receive, manage and publish video content for viewing on televisions, tablets, PCs and other consumer devices.
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