SeaChange International (NASDAQ:SEAC) Issues Quarterly Earnings Results

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

SEAC stock opened at $1.09 on Tuesday. 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 company has a fifty day moving average price of $1.07 and a two-hundred day moving average price of $1.15. SeaChange International has a one year low of $0.69 and a one year high of $2.15. The stock has a market cap of $52.76 million, a price-to-earnings ratio of -2.14 and a beta of 0.78.

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.

In related news, Chairman Robert M. Pons acquired 100,000 shares of SeaChange International stock in a transaction on Monday, June 21st. The stock was purchased at an average cost of $1.06 per share, with a total value of $106,000.00. Following the completion of the transaction, the chairman now directly owns 507,815 shares in the company, valued at approximately $538,283.90. The purchase was disclosed in a document filed with the SEC, which is available through this link. Insiders own 3.80% of the company’s stock.

A hedge fund recently raised its stake in SeaChange International stock. Morgan Stanley grew its holdings in SeaChange International, Inc. (NASDAQ:SEAC) by 5,134.0% in the second quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 782,217 shares of the software maker’s stock after acquiring an additional 767,272 shares during the quarter. Morgan Stanley owned 1.62% of SeaChange International worth $1,009,000 as of its most recent SEC filing. 16.31% of the stock is owned by institutional investors and hedge funds.

About SeaChange International

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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