SeaChange International (NASDAQ:SEAC)’s share price was up 7.1% during mid-day trading on Monday . The stock traded as high as $1.98 and last traded at $1.96. Approximately 687,700 shares changed hands during mid-day trading, an increase of 200% from the average daily volume of 229,277 shares. The stock had previously closed at $1.83.

Several equities analysts have recently issued reports on SEAC shares. BWS Financial lowered their price objective on shares of SeaChange International to $4.00 and set a “buy” rating on the stock in a research note on Wednesday, August 22nd. TheStreet cut shares of SeaChange International from a “c-” rating to a “d+” rating in a research note on Monday, August 27th. Zacks Investment Research raised shares of SeaChange International from a “sell” rating to a “hold” rating in a research note on Saturday, September 8th. ValuEngine raised shares of SeaChange International from a “hold” rating to a “buy” rating in a research note on Monday, July 2nd. Finally, Lake Street Capital cut shares of SeaChange International from a “buy” rating to a “hold” rating and lowered their price objective for the stock from $4.00 to $2.00 in a research note on Tuesday, August 21st. Two research analysts have rated the stock with a hold rating and three have assigned a buy rating to the company’s stock. The stock has a consensus rating of “Buy” and an average price target of $3.56.

The stock has a market capitalization of $70.07 million, a price-to-earnings ratio of 16.45 and a beta of 0.25.

SeaChange International (NASDAQ:SEAC) last released its earnings results on Wednesday, September 5th. The software maker reported ($0.18) earnings per share for the quarter, topping the consensus estimate of ($0.19) by $0.01. The business had revenue of $11.90 million for the quarter, compared to the consensus estimate of $12.01 million. SeaChange International had a net margin of 7.99% and a negative return on equity of 9.38%. equities research analysts expect that SeaChange International will post -0.25 EPS for the current fiscal year.

In other news, CEO Edward Terino bought 50,000 shares of the company’s stock in a transaction dated Tuesday, September 11th. The shares were acquired at an average cost of $1.73 per share, with a total value of $86,500.00. Following the completion of the transaction, the chief executive officer now directly owns 371,043 shares in the company, valued at approximately $641,904.39. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Also, Director Royce E. Wilson bought 28,500 shares of the company’s stock in a transaction dated Monday, September 10th. The stock was purchased at an average cost of $1.71 per share, for a total transaction of $48,735.00. Following the completion of the transaction, the director now owns 160,360 shares of the company’s stock, valued at $274,215.60. The disclosure for this purchase can be found here. Over the last three months, insiders bought 88,500 shares of company stock worth $152,935. 2.90% of the stock is currently owned by insiders.

Several hedge funds have recently bought and sold shares of the stock. California Public Employees Retirement System boosted its holdings in shares of SeaChange International by 21.0% during the first quarter. California Public Employees Retirement System now owns 146,643 shares of the software maker’s stock worth $397,000 after purchasing an additional 25,443 shares during the period. Connor Clark & Lunn Investment Management Ltd. acquired a new stake in shares of SeaChange International during the second quarter worth approximately $107,000. A.R.T. Advisors LLC boosted its holdings in shares of SeaChange International by 102.6% during the first quarter. A.R.T. Advisors LLC now owns 72,071 shares of the software maker’s stock worth $195,000 after purchasing an additional 36,500 shares during the period. Spark Investment Management LLC boosted its holdings in shares of SeaChange International by 51.3% during the second quarter. Spark Investment Management LLC now owns 128,000 shares of the software maker’s stock worth $437,000 after purchasing an additional 43,400 shares during the period. Finally, Millennium Management LLC boosted its holdings in shares of SeaChange International by 28.9% during the second quarter. Millennium Management LLC now owns 261,433 shares of the software maker’s stock worth $894,000 after purchasing an additional 58,642 shares during the period. Institutional investors and hedge funds own 73.64% of the company’s stock.

About SeaChange International (NASDAQ:SEAC)

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.

Read More: Buyback

Receive News & Ratings for SeaChange International Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for SeaChange International and related companies with MarketBeat.com's FREE daily email newsletter.