SeaChange International (NASDAQ:SEAC) Announces Quarterly Earnings Results

SeaChange International (NASDAQ:SEAC) posted its quarterly earnings results on Sunday. The software maker reported ($0.03) earnings per share for the quarter, topping the consensus estimate of ($0.09) by $0.06, MarketWatch Earnings reports. SeaChange International had a negative return on equity of 43.42% and a negative net margin of 95.93%. During the same period in the prior year, the company posted ($0.15) EPS.

SeaChange International stock opened at $1.09 on Tuesday. The business’s fifty day moving average is $1.07 and its 200 day moving average is $1.15. The company has a debt-to-equity ratio of 0.01, a current ratio of 3.08 and a quick ratio of 3.08. The stock has a market capitalization of $52.76 million, a PE ratio of -2.14 and a beta of 0.78. SeaChange International has a one year low of $0.69 and a one year high of $2.15.

In related news, Chairman Robert M. Pons bought 100,000 shares of the company’s stock in a transaction that occurred on Monday, June 21st. The shares were bought at an average price of $1.06 per share, for a total transaction of $106,000.00. Following the completion of the acquisition, the chairman now owns 507,815 shares of the company’s stock, valued at approximately $538,283.90. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. Insiders own 3.80% of the company’s stock.

A hedge fund recently raised its stake in SeaChange International stock. Morgan Stanley raised its holdings in shares of SeaChange International, Inc. (NASDAQ:SEAC) by 5,134.0% during the 2nd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 782,217 shares of the software maker’s stock after acquiring an additional 767,272 shares during the quarter. Morgan Stanley owned approximately 1.62% of SeaChange International worth $1,009,000 as of its most recent filing with the Securities and Exchange Commission (SEC). 16.31% of the stock is currently owned by institutional investors.

Separately, Zacks Investment Research lowered shares of SeaChange International from a “buy” rating to a “hold” rating in a research note on Tuesday, August 17th.

SeaChange International Company Profile

SeaChange International, Inc engages in the provision of multiscreen video delivery and advertising solutions. It operates through the following geographical segments: North America; Europe and Middle East; Latin America; and Asia Pacific. The firm’s products and services include video platform, content management, advertising, user experience, maintenance and support, framework and support services, and professional services.

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Earnings History for SeaChange International (NASDAQ:SEAC)

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