Stock On Watch: Can SeaChange International’s Tomorrow be Different? The Stock Just Broke Its 1 Year Low

Stock On Watch: Can SeaChange International's Tomorrow be Different? The Stock Just Broke Its 1 Year Low

The stock of SeaChange International (NASDAQ:SEAC) hit a new 52-week low and has $2.12 target or 14.00% below today’s $2.46 share price. The 5 months bearish chart indicates high risk for the $84.79M company. The 1-year low was reported on Nov, 9 by Barchart.com. If the $2.12 price target is reached, the company will be worth $11.87 million less.
The 52-week low event is an important milestone for every stock because it shows very negative momentum and is time when sellers come in. During such technical setups, fundamental investors usually stay away and are careful buying the stock. About 79,483 shares traded hands. SeaChange International (NASDAQ:SEAC) has declined 56.83% since April 7, 2016 and is downtrending. It has underperformed by 61.62% 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 rating was initiated by Drexel Hamilton on Friday, July 24 with “Hold”. The stock of SeaChange International (NASDAQ:SEAC) earned “Buy” rating by Dougherty & Company on Wednesday, August 24. As per Tuesday, August 23, the company rating was downgraded by Lake Street. The stock of SeaChange International (NASDAQ:SEAC) earned “Hold” rating by Noble Financial on Friday, April 8.

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 2016 Q2. Its down 0.22, from 1.05 in 2016Q1. The ratio worsened, 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.
Ariel Invs Ltd Llc holds 4.10M shares or 0.16% of its portfolio. Citigroup has 1,720 shares for 0% of their US portfolio. Bourgeon Mgmt Limited Liability, a Connecticut-based fund reported 319,809 shares. The Massachusetts-based Frontier Cap Mgmt Co Ltd Llc has invested 0.07% in SeaChange International (NASDAQ:SEAC). California Employees Retirement System reported 252,900 shares or 0% of all its holdings. Morgan Stanley has 16,807 shares for 0% of their US portfolio. Credit Suisse Ag holds 0% of its portfolio in SeaChange International (NASDAQ:SEAC) for 120,213 shares. Creative Planning, a Kansas-based fund reported 1,000 shares. Penn Mngmt Comm has invested 0.13% of its portfolio in SeaChange International (NASDAQ:SEAC). Adirondack Research And Mngmt holds 0.65% or 544,717 shares in its portfolio. Neuberger Berman Gru Lc last reported 2.50M shares in the company. Moreover, Goldman Sachs Gp Inc has 0% invested in SeaChange International (NASDAQ:SEAC) for 61,473 shares. Awm Invest accumulated 0.79% or 1.15 million shares. Blackrock Institutional Na has 610,621 shares for 0% of their US portfolio. Mycio Wealth Prns Ltd Llc last reported 87 shares in the company.

Insider Transactions: Since June 10, 2016, the stock had 1 insider purchase, and 0 insider sales for $83,993 net activity. Another trade for 25,000 shares valued at $83,993 was made by Cotton Mary Palermo on Friday, June 10.

More recent SeaChange International (NASDAQ:SEAC) news were published by: Metrowestdailynews.com which released: “Seachange International Inc. reports revenue CQ” on June 11, 2016. Also Bizjournals.com published the news titled: “Tech firm ousts CEO as net loss nearly doubles” on April 08, 2016. Seekingalpha.com‘s news article titled: “SeaChange International’s (SEAC) CEO Ed Terino on Q2 2017 Results – Earnings …” with publication date: September 02, 2016 was also an interesting one.

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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