SeaChange International (NASDAQ:SEAC) has been given a consensus rating of “Hold” by the six research firms that are covering the stock, Marketbeat reports. One investment analyst has rated the stock with a sell recommendation, three have issued a hold recommendation and one has issued a buy recommendation on the company. The average 12-month price objective among analysts that have updated their coverage on the stock in the last year is $3.00.

Several equities research analysts have issued reports on the stock. ValuEngine downgraded shares of SeaChange International from a “buy” rating to a “hold” rating in a research note on Wednesday, May 1st. Zacks Investment Research downgraded shares of SeaChange International from a “hold” rating to a “sell” rating in a research note on Wednesday, May 1st. Finally, Dougherty & Co downgraded shares of SeaChange International from a “buy” rating to a “neutral” rating in a research note on Tuesday, February 26th.

SEAC opened at $1.23 on Friday. SeaChange International has a 52-week low of $1.13 and a 52-week high of $3.47.

In other SeaChange International news, major shareholder Karen Singer acquired 955,987 shares of the firm’s stock in a transaction on Wednesday, February 27th. The stock was bought at an average cost of $1.55 per share, for a total transaction of $1,481,779.85. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. 2.90% of the stock is owned by insiders.

A number of institutional investors and hedge funds have recently added to or reduced their stakes in SEAC. Eidelman Virant Capital grew its stake in SeaChange International by 91.8% during the first quarter. Eidelman Virant Capital now owns 633,000 shares of the software maker’s stock worth $841,000 after buying an additional 303,000 shares during the period. Neuberger Berman Group LLC boosted its stake in shares of SeaChange International by 7.3% in the first quarter. Neuberger Berman Group LLC now owns 2,023,430 shares of the software maker’s stock valued at $2,691,000 after purchasing an additional 137,162 shares during the period. King Luther Capital Management Corp boosted its stake in shares of SeaChange International by 92.5% in the fourth quarter. King Luther Capital Management Corp now owns 192,500 shares of the software maker’s stock valued at $243,000 after purchasing an additional 92,500 shares during the period. Managed Asset Portfolios LLC boosted its stake in shares of SeaChange International by 131.9% in the fourth quarter. Managed Asset Portfolios LLC now owns 135,215 shares of the software maker’s stock valued at $170,000 after purchasing an additional 76,915 shares during the period. Finally, JPMorgan Chase & Co. boosted its stake in shares of SeaChange International by 29.7% in the third quarter. JPMorgan Chase & Co. now owns 219,567 shares of the software maker’s stock valued at $393,000 after purchasing an additional 50,336 shares during the period. Institutional investors own 46.33% of the company’s stock.

SeaChange International Company Profile

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 television advertising content worldwide. It offers video products, including SeaChange Adrenalin, a multiscreen video back office platform that enables service providers to manage, monetize, and deliver a seamless viewing experience across televisions, personal computers (PCs), tablets, smartphones, and other IP-enabled devices; and SeaChange AssetFlow, a content management solution, which is used to receive, manage, and publish content for viewing on televisions, tablets, PCs, and other consumer devices, as well as SeaChange Rave, an integrated platform.

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