SeaChange International (SEAC) Receiving Somewhat Positive Press Coverage, Report Finds
Media coverage about SeaChange International (NASDAQ:SEAC) has trended somewhat positive this week, Accern reports. The research firm rates the sentiment of news 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 daily 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, meaning that recent news coverage is somewhat unlikely to have an impact on the company’s share price in the next several days.
These are some of the news articles that may have impacted Accern’s analysis:
- Free Research Report as SeaChange International’s Revenue Grew 17% (finance.yahoo.com)
- Critical Survey: SeaChange International (SEAC) versus Mulesoft (MULE) (americanbankingnews.com)
- Podcast: Will These Red-Hot Small Cap Tech Stocks Keep Climbing? (benzinga.com)
Several equities research analysts recently issued reports on SEAC shares. Zacks Investment Research cut shares of SeaChange International from a “buy” rating to a “hold” rating in a research report on Wednesday, November 8th. Dougherty & Co raised their target price on shares of SeaChange International from $4.00 to $4.50 and gave the stock a “buy” rating in a research report on Thursday, December 7th. Finally, Lake Street Capital raised shares of SeaChange International from a “hold” rating to a “buy” rating and raised their target price for the stock from $3.00 to $4.00 in a research report on Thursday, December 7th.
SeaChange International (NASDAQ SEAC) traded down $0.15 during midday trading on Monday, reaching $3.64. 994,067 shares of the company traded hands, compared to its average volume of 691,993. SeaChange International has a 52-week low of $2.16 and a 52-week high of $4.03. The stock has a market capitalization of $129.23, a price-to-earnings ratio of -3.71, a price-to-earnings-growth ratio of 15.16 and a beta of 0.85.
SeaChange International (NASDAQ:SEAC) last posted its quarterly earnings results on Wednesday, December 6th. The software maker reported $0.09 EPS for the quarter, beating the Thomson Reuters’ 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 firm had revenue of $23.43 million for the quarter, compared to analyst estimates of $19.50 million. During the same quarter last year, the firm posted ($0.13) earnings per share. SeaChange International’s revenue for the quarter was up 17.4% compared to the same quarter last year. equities analysts expect that SeaChange International will post 0.03 EPS for the current year.
In related news, insider Opportunities Fund Lp Se Viex sold 648,735 shares of the firm’s stock in a transaction that occurred on Thursday, December 7th. The shares were sold at an average price of $3.50, for a total value of $2,270,572.50. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. Company 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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