SeaChange International (NASDAQ:SEAC) posted its quarterly earnings results on Wednesday. The software maker reported ($0.18) EPS for the quarter, beating the consensus estimate of ($0.19) by $0.01, Fidelity Earnings reports. The firm had revenue of $11.90 million during the quarter, compared to analysts’ expectations of $12.01 million. SeaChange International had a negative return on equity of 0.37% and a net margin of 17.06%.
NASDAQ SEAC traded up $0.03 during trading hours on Thursday, reaching $1.70. 11,968 shares of the company’s stock were exchanged, compared to its average volume of 436,133. The firm has a market cap of $58.78 million, a PE ratio of 15.45 and a beta of 0.25. SeaChange International has a one year low of $1.38 and a one year high of $4.03.
Several equities analysts have commented on SEAC shares. BWS Financial cut their price target on SeaChange International to $4.00 and set a “buy” rating for the company in a report on Wednesday, August 22nd. Zacks Investment Research upgraded SeaChange International from a “hold” rating to a “buy” rating and set a $3.75 price objective on the stock in a research note on Wednesday, July 11th. ValuEngine upgraded SeaChange International from a “hold” rating to a “buy” rating in a research note on Monday, July 2nd. TheStreet upgraded SeaChange International from a “d” rating to a “c-” rating in a research report on Thursday, June 7th. Finally, Lake Street Capital lowered SeaChange International from a “buy” rating to a “hold” rating and decreased their price target for the stock from $4.00 to $2.00 in a research report on Tuesday, August 21st. One research analyst has rated the stock with a sell rating, one has assigned a hold rating and three have assigned a buy rating to the stock. The company currently has an average rating of “Hold” and a consensus target price of $3.56.
About SeaChange International
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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