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 note released on Tuesday. The firm issued a hold rating on the software maker’s stock.

SeaChange International Price Performance

Shares of NASDAQ:SEAC opened at $4.25 on Tuesday. The company has a 50 day moving average of $3.18 and a 200-day moving average of $3.16. SeaChange International has a one year low of $1.50 and a one year high of $10.40. The stock has a market cap of $11.09 million, a price-to-earnings ratio of -1.15 and a beta of 0.97.

Institutional Inflows and Outflows

Several hedge funds and other institutional investors have recently bought and sold shares of SEAC. Jane Street Group LLC bought a new position in SeaChange International during the 1st quarter worth approximately $38,000. Bank of America Corp DE lifted its stake in SeaChange International by 122,509.1% in the first quarter. Bank of America Corp DE now owns 107,896 shares of the software maker’s stock valued at $39,000 after buying an additional 107,808 shares in the last quarter. Virtu Financial LLC bought a new position in SeaChange International in the first quarter valued at approximately $39,000. US Bancorp DE bought a new position in SeaChange International in the first quarter valued at approximately $41,000. Finally, Renaissance Technologies LLC lifted its stake in SeaChange International by 20.1% in the first quarter. Renaissance Technologies LLC now owns 277,461 shares of the software maker’s stock valued at $101,000 after buying 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.