Media stories about SeaChange International (NASDAQ:SEAC) have trended somewhat positive this week, Accern reports. The research group identifies negative and positive press coverage by monitoring more than twenty million blog and news sources in real-time. Accern ranks coverage of publicly-traded companies on a scale of -1 to 1, with scores closest to one being the most favorable. SeaChange International earned a media sentiment score of 0.19 on Accern’s scale. Accern also gave headlines about the software maker an impact score of 46.6847930473794 out of 100, indicating that recent press coverage is somewhat unlikely to have an effect on the stock’s share price in the near term.
Shares of SeaChange International (NASDAQ SEAC) traded up $0.09 during trading on Thursday, hitting $3.61. The company had a trading volume of 592,334 shares, compared to its average volume of 629,354. SeaChange International has a 1 year low of $2.16 and a 1 year high of $4.03. The firm has a market cap of $128.17, a P/E ratio of -3.68, a P/E/G ratio of 15.16 and a beta of 0.85.
SeaChange International (NASDAQ:SEAC) last issued its quarterly earnings data on Wednesday, December 6th. The software maker reported $0.09 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $0.01 by $0.08. SeaChange International had a negative return on equity of 5.91% and a negative net margin of 42.52%. The firm had revenue of $23.43 million during the quarter, compared to the consensus estimate of $19.50 million. During the same period in the previous year, the firm posted ($0.13) EPS. The company’s quarterly revenue was up 17.4% compared to the same quarter last year. analysts expect that SeaChange International will post 0.03 earnings per share for the current year.
Several equities research analysts have recently commented on the company. Zacks Investment Research lowered SeaChange International from a “buy” rating to a “hold” rating in a research note on Wednesday, November 8th. Dougherty & Co boosted their price target on SeaChange International from $4.00 to $4.50 and gave the stock a “buy” rating in a research note on Thursday, December 7th. Finally, Lake Street Capital upgraded SeaChange International from a “hold” rating to a “buy” rating and lifted their price objective for the stock from $3.00 to $4.00 in a research report on Thursday, December 7th.
In related news, insider Opportunities Fund Lp Se Viex sold 648,735 shares of SeaChange International stock in a transaction that occurred on Thursday, December 7th. The stock was sold at an average price of $3.50, for a total transaction of $2,270,572.50. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Insiders own 2.90% of the company’s stock.
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SeaChange International Company Profile
SeaChange International, Inc (SeaChange) is engaged in the delivery of multiscreen video. The Company’s products and services facilitate the aggregation, licensing, management and distribution of video and advertising content for cable television system operators, telecommunications companies, satellite operators and media companies.
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