SeaChange International - SEAC Stock Forecast, Price & News

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. It also provides an advertising platform to maximize advertising revenue across multiscreen, broadcast, on-demand, and OTT viewing. In addition, the company offers client application, a multiscreen user experience product that empower service providers and content owners to optimize live and on-demand video consumption on multiscreen and OTT services. Further, it provides professional, and maintenance and technical support services, as well as managed services. The company sells and markets its products and services through a direct sales process, as well as to systems integrators and value-added resellers. It serves cable system operators, telecommunications companies, and satellite operators, as well as broadcasters and other content providers. The company was incorporated in 1993 and is headquartered in Boston, Massachusetts.

SeaChange International Trading Up 0.9 %

Shares of NASDAQ:SEAC opened at $0.58 on Friday. The firm has a market capitalization of $28.34 million, a P/E ratio of -4.42 and a beta of 1.03. The firm's 50-day moving average price is $0.60 and its 200-day moving average price is $0.92. SeaChange International has a 1-year low of $0.38 and a 1-year high of $3.44.

SeaChange International (NASDAQ:SEAC - Get Rating) last announced its quarterly earnings data on Wednesday, June 8th. The software maker reported ($0.04) EPS for the quarter. SeaChange International had a negative net margin of 21.94% and a negative return on equity of 11.32%. The firm had revenue of $6.72 million during the quarter.

Analyst Upgrades and Downgrades

Separately, StockNews.com lowered SeaChange International from a "hold" rating to a "sell" rating in a research note on Thursday, June 2nd.

Insiders Place Their Bets

In other SeaChange International news, major shareholder Karen Singer acquired 267,617 shares of SeaChange International stock in a transaction dated Thursday, June 16th. The stock was purchased at an average cost of $0.53 per share, for a total transaction of $141,837.01. Following the completion of the acquisition, the insider now directly owns 6,335,233 shares of the company's stock, valued at $3,357,673.49. The transaction was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. In other news, insider Peter D. Aquino acquired 189,000 shares of the business's stock in a transaction on Thursday, June 16th. The shares were purchased at an average cost of $0.53 per share, with a total value of $100,170.00. Following the acquisition, the insider now directly owns 766,777 shares of the company's stock, valued at $406,391.81. The transaction was disclosed in a document filed with the SEC, which is available through this link. Also, major shareholder Karen Singer bought 267,617 shares of the stock in a transaction dated Thursday, June 16th. The stock was purchased at an average price of $0.53 per share, with a total value of $141,837.01. Following the acquisition, the insider now owns 6,335,233 shares of the company's stock, valued at $3,357,673.49. The disclosure for this purchase can be found here. Over the last 90 days, insiders have acquired 1,839,882 shares of company stock worth $1,026,301. Insiders own 4.00% of the company's stock.