Stock of The Day: Could SeaChange International See a Reversal After Breaking All Highs?

Stock of The Day: Could SeaChange International See a Reversal After Breaking All Highs?

The stock of SeaChange International (NASDAQ:SEAC) reached all time low today, Nov, 3 and still has $2.21 target or 11.00% below today’s $2.48 share price. This indicates more downside for the $87.26 million company. This technical setup was reported by Barchart.com. If the $2.21 PT is reached, the company will be worth $9.60M less.
Trading stocks at an all time low is not easy. Stock at an all time low usually experience even more downside due to very negative fundament. Even thought the pullback rate is high, shorting is not an easy job because the risk of being wrong is big and the risk-reward ratio is always worse than if trading lon only. The stock decreased 2.75% or $0.07 on November 3, hitting $2.48. About 71,748 shares traded hands. SeaChange International (NASDAQ:SEAC) has declined 53.47% since April 1, 2016 and is downtrending. It has underperformed by 54.68% the S&P500.

SeaChange International (NASDAQ:SEAC) Ratings Coverage

Out of 4 analysts covering SeaChange International (NASDAQ:SEAC), 1 rate it a “Buy”, 0 “Sell”, while 3 “Hold”. This means 25% are positive. SeaChange International has been the topic of 4 analyst reports since July 24, 2015 according to StockzIntelligence Inc. The stock of SeaChange International (NASDAQ:SEAC) earned “Hold” rating by Noble Financial on Friday, April 8. The firm earned “Hold” rating on Friday, July 24 by Drexel Hamilton. The stock of SeaChange International (NASDAQ:SEAC) earned “Buy” rating by Dougherty & Company on Wednesday, August 24. The stock of SeaChange International (NASDAQ:SEAC) has “Hold” rating given on Tuesday, August 23 by Lake Street.

According to Zacks Investment Research, “SeaChange International, Inc. develops, markets and supports products to manage, store and distribute digital video for television operators, broadcast and telecommunications companies. The company’s products utilize its proprietary distributed application software and standard industry components to automate the management and distribution of short- and long-form video streams including advertisements, movies, news updates and other video programming requiring precise, accurate and continuous execution.”

Insitutional Activity: The institutional sentiment decreased to 0.83 in Q2 2016. Its down 0.22, from 1.05 in 2016Q1. The ratio turned negative, as 25 funds sold all SeaChange International shares owned while 27 reduced positions. 21 funds bought stakes while 22 increased positions. They now own 29.70 million shares or 6.80% less from 31.86 million shares in 2016Q1.
Frontier Management Limited Liability Company last reported 0.07% of its portfolio in the stock. Public Employees Retirement Association Of Colorado last reported 0% of its portfolio in the stock. Barclays Public Limited reported 3,619 shares or 0% of all its holdings. Pinnacle Assoc Ltd has invested 0.18% of its portfolio in SeaChange International (NASDAQ:SEAC). Tower Rech Cap Limited Liability Company (Trc) has invested 0% of its portfolio in SeaChange International (NASDAQ:SEAC). Blackrock Investment Management Lc reported 6,043 shares or 0% of all its holdings. Cambridge Invest Advisors last reported 0% of its portfolio in the stock. Vanguard Grp has invested 0% of its portfolio in SeaChange International (NASDAQ:SEAC). Creative Planning holds 1,000 shares or 0% of its portfolio. National Bank Of America Corporation De last reported 0% of its portfolio in the stock. Paloma Partners, a Connecticut-based fund reported 125,054 shares. Credit Suisse Ag reported 120,213 shares or 0% of all its holdings. Price T Rowe Associates Incorporated Md has 29,550 shares for 0% of their US portfolio. California Public Employees Retirement has 0% invested in the company for 252,900 shares. Segall Bryant & Hamill has 790,078 shares for 0.07% of their US portfolio.

Insider Transactions: Since June 10, 2016, the stock had 1 insider purchase, and 0 sales for $83,993 net activity. $83,993 worth of shares were bought by Cotton Mary Palermo on Friday, June 10.

More notable recent SeaChange International (NASDAQ:SEAC) news were published by: Metrowestdailynews.com which released: “Seachange International Inc. reports revenue CQ” on June 11, 2016, also Metrowestdailynews.com with their article: “SeaChange International Inc. introduces new multiscreen video” published on June 29, 2016, Bizjournals.com published: “Tech firm ousts CEO as net loss nearly doubles” on April 08, 2016. More interesting news about SeaChange International (NASDAQ:SEAC) were released by: Seekingalpha.com and their article: “SeaChange International’s (SEAC) CEO Ed Terino on Q2 2017 Results – Earnings …” published on September 02, 2016 as well as Zacks.com‘s news article titled: “Why SeaChange International (SEAC) Could Be a Potential Winner” with publication date: April 27, 2016.

SEAC Company Profile

SeaChange International, Inc. (SeaChange), incorporated on July 9, 1993, is engaged in the delivery of multiscreen video. The Company’s services and products facilitate the aggregation, licensing, management and distribution of video and advertising content for cable television system operators, telecommunications companies, satellite operators and media companies. SeaChange sells its software services and products across the world, primarily to television service providers, including cable television system operators, telecommunications companies, satellite operators and media companies. The Company’s systems enable service providers to offer other interactive television services that allow subscribers to receive personalized services and interact with their video devices. The Company’s business consists of three product areas: multiscreen video backoffice, advertising and video gateway software solutions. The Company’s advertising includes SeaChange Infusion Advanced Advertising Platform.

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