Media stories about SeaChange International (NASDAQ:SEAC) have been trending somewhat positive recently, according to Accern Sentiment Analysis. The research firm scores the sentiment of media coverage by analyzing more than twenty million blog and news sources in real time. Accern ranks coverage of companies on a scale of -1 to 1, with scores nearest to one being the most favorable. SeaChange International earned a news sentiment score of 0.19 on Accern’s scale. Accern also assigned media stories about the software maker an impact score of 46.8060746126205 out of 100, indicating that recent media coverage is somewhat unlikely to have an effect on the company’s share price in the near future.
Shares of SeaChange International (NASDAQ SEAC) traded down $0.02 during trading hours on Tuesday, reaching $3.57. The company’s stock had a trading volume of 198,500 shares, compared to its average volume of 499,564. The company has a market cap of $127.46, a P/E ratio of -3.64, a PEG ratio of 14.36 and a beta of 0.85. SeaChange International has a 52-week low of $2.16 and a 52-week high of $4.03.
SeaChange International (NASDAQ:SEAC) last announced its quarterly earnings data on Wednesday, December 6th. The software maker reported $0.09 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.01 by $0.08. The firm had revenue of $23.43 million during the quarter, compared to the consensus estimate of $19.50 million. SeaChange International had a negative return on equity of 5.91% and a negative net margin of 42.52%. The business’s revenue for the quarter was up 17.4% on a year-over-year basis. During the same quarter in the prior year, the company earned ($0.13) EPS. sell-side analysts predict that SeaChange International will post 0.03 earnings per share for the current fiscal year.
SEAC has been the subject of a number of analyst reports. Zacks Investment Research raised SeaChange International from a “hold” rating to a “strong-buy” rating and set a $4.00 price target for the company in a research report on Wednesday, December 13th. Lake Street Capital upgraded SeaChange International from a “hold” rating to a “buy” rating and upped their price objective for the company from $3.00 to $4.00 in a research note on Thursday, December 7th. Finally, Dougherty & Co upped their price objective on SeaChange International from $4.00 to $4.50 and gave the company a “buy” rating in a research note on Thursday, December 7th.
In other news, insider Opportunities Fund Lp Se Viex sold 648,735 shares of the stock in a transaction 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 transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. 2.90% of the stock is currently owned by corporate insiders.
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About SeaChange International
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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