SeaChange International (NASDAQ:SEAC) Research Coverage Started at StockNews.com

StockNews.com initiated coverage on shares of SeaChange International (NASDAQ:SEAC) in a report issued on Tuesday morning. The brokerage issued a hold rating on the software maker’s stock.

SeaChange International Stock Performance

SEAC opened at $4.25 on Tuesday. The company has a market cap of $11.09 million, a price-to-earnings ratio of -1.15 and a beta of 0.98. The company’s 50 day moving average is $3.29 and its 200 day moving average is $3.17. SeaChange International has a 12-month low of $1.50 and a 12-month high of $10.40.

Hedge Funds Weigh In On SeaChange International

Institutional investors and hedge funds have recently made changes to their positions in the business. Jane Street Group LLC purchased a new position in shares of SeaChange International in the first quarter worth approximately $38,000. Bank of America Corp DE boosted its holdings in shares of SeaChange International by 122,509.1% in the first quarter. Bank of America Corp DE now owns 107,896 shares of the software maker’s stock worth $39,000 after buying an additional 107,808 shares during the last quarter. Virtu Financial LLC bought a new stake in SeaChange International during the 1st quarter worth approximately $39,000. US Bancorp DE bought a new stake in SeaChange International during the 1st quarter worth approximately $41,000. Finally, Renaissance Technologies LLC raised its stake in SeaChange International by 20.1% during the 1st quarter. Renaissance Technologies LLC now owns 277,461 shares of the software maker’s stock worth $101,000 after acquiring an additional 46,461 shares during the period.

SeaChange International Company Profile

SeaChange International, Inc provides video delivery, advertising, streaming platforms, and emerging Free Ad-Supported Streaming TV (FAST) products and services that facilitate the aggregation, licensing, management and distribution of video and advertising content worldwide. It offers Operator TV Platform solutions including customer's current network with OTT video management solutions in a single deployment, digital video broadcasting – cable / quadrature amplitude modulation networks with OTT streaming, and immersive multiscreen experience and on demand services, as well as pre-integrated solutions, such as multi-content delivery networks including Broadpeak, Edgeware and HBO, multidigital rights management, and seamless integration with existing network components.