SeaChange International (SEAC) Stock Rating Reaffirmed by BWS Financial

SeaChange International (NASDAQ:SEAC)‘s stock had its “buy” rating reaffirmed by analysts at BWS Financial in a report issued on Tuesday. BWS Financial also issued estimates for SeaChange International’s Q1 2019 earnings at ($0.13) EPS and FY2019 earnings at $0.07 EPS.

NASDAQ:SEAC traded down $0.02 during trading hours on Tuesday, hitting $3.04. The company had a trading volume of 22,838 shares, compared to its average volume of 245,630. The stock has a market cap of $107.91, a P/E ratio of 27.82 and a beta of 0.63. SeaChange International has a 1 year low of $2.35 and a 1 year high of $4.03.

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SeaChange International (NASDAQ:SEAC) last issued its earnings results on Monday, April 16th. The software maker reported $0.10 earnings per share (EPS) for the quarter, beating the Thomson Reuters’ consensus estimate of $0.08 by $0.02. SeaChange International had a return on equity of 3.29% and a net margin of 16.82%. The company had revenue of $22.95 million during the quarter, compared to analysts’ expectations of $22.87 million.



Several institutional investors have recently made changes to their positions in SEAC. CAPROCK Group Inc. acquired a new position in shares of SeaChange International in the 4th quarter valued at $108,000. Virtu Financial LLC acquired a new position in shares of SeaChange International in the 4th quarter valued at $119,000. Wells Fargo & Company MN lifted its stake in shares of SeaChange International by 152.4% in the 4th quarter. Wells Fargo & Company MN now owns 32,044 shares of the software maker’s stock valued at $126,000 after purchasing an additional 19,349 shares during the last quarter. Penbrook Management LLC acquired a new position in shares of SeaChange International in the 4th quarter valued at $157,000. Finally, Acadian Asset Management LLC acquired a new position in shares of SeaChange International in the 4th quarter valued at $173,000. 73.14% of the stock is currently owned by institutional investors and hedge funds.

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About SeaChange International

SeaChange International, Inc provides multiscreen video, advertising, and premium over the top (OTT) video products and services that facilitate the aggregation, licensing, management, and distribution of video and television advertising content to cable system operators, satellite operators, and telecommunications and media companies worldwide.

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