SeaChange International (SEAC) Receives Daily Media Sentiment Rating of 0.30

Media stories about SeaChange International (NASDAQ:SEAC) have been trending positive on Saturday, according to Accern. The research group identifies negative and positive news coverage by analyzing more than twenty million blog and news sources in real-time. Accern ranks coverage of public companies on a scale of negative one to one, with scores closest to one being the most favorable. SeaChange International earned a media sentiment score of 0.30 on Accern’s scale. Accern also assigned press coverage about the software maker an impact score of 45.4368854836108 out of 100, indicating that recent news coverage is somewhat unlikely to have an impact on the company’s share price in the near future.

Several equities analysts have weighed in on the stock. Zacks Investment Research raised shares of SeaChange International from a “hold” rating to a “strong-buy” rating and set a $4.00 price target on the stock in a report on Wednesday, December 13th. Dougherty & Co lifted their price target on shares of SeaChange International from $4.00 to $4.50 and gave the company a “buy” rating in a report on Thursday, December 7th. Finally, Lake Street Capital raised shares of SeaChange International from a “hold” rating to a “buy” rating and lifted their price target for the company from $3.00 to $4.00 in a report on Thursday, December 7th.

Shares of SeaChange International (SEAC) traded up $0.01 during trading hours on Friday, reaching $3.23. 123,898 shares of the company’s stock traded hands, compared to its average volume of 223,148. SeaChange International has a twelve month low of $2.16 and a twelve month high of $4.03. The stock has a market capitalization of $114.32, a P/E ratio of -3.30 and a beta of 0.55.

SeaChange International (NASDAQ:SEAC) last issued its quarterly earnings results on Wednesday, December 6th. The software maker reported $0.09 earnings per share for the quarter, beating the consensus estimate of $0.01 by $0.08. SeaChange International had a negative net margin of 42.52% and a negative return on equity of 5.91%. The business had revenue of $23.43 million for the quarter, compared to the consensus estimate of $19.50 million. During the same quarter in the previous year, the firm earned ($0.13) earnings per share. The company’s revenue for the quarter was up 17.4% on a year-over-year basis. analysts anticipate that SeaChange International will post 0.03 earnings per share for the current fiscal year.

In other SeaChange International 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 shares were 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 SEC, which is accessible through this link. 2.90% of the stock is owned by 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.

Insider Buying and Selling by Quarter for SeaChange International (NASDAQ:SEAC)

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