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, Oct, 13 and still has $2.40 target or 10.00% below today’s $2.67 share price. This indicates more downside for the $91.88 million company. This technical setup was reported by Barchart.com. If the $2.40 PT is reached, the company will be worth $9.19 million 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. About 27,698 shares traded hands. SeaChange International (NASDAQ:SEAC) has declined 51.18% since March 10, 2016 and is downtrending. It has underperformed by 58.70% 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. On Friday, April 8 the stock rating was downgraded by Noble Financial to “Hold”. On Tuesday, August 23 the stock rating was downgraded by Lake Street to “Hold”. The stock of SeaChange International (NASDAQ:SEAC) has “Buy” rating given on Wednesday, August 24 by Dougherty & Company. The rating was initiated by Drexel Hamilton on Friday, July 24 with “Hold”.

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.
Wells Fargo & Company Mn last reported 63 shares in the company. Invesco owns 31,469 shares or 0% of their US portfolio. Citigroup holds 1,720 shares or 0% of its portfolio. Vanguard Gp Inc last reported 1.18 million shares in the company. Moreover, Eidelman Virant has 0.25% invested in SeaChange International (NASDAQ:SEAC) for 127,900 shares. Price T Rowe Assocs Md holds 0% or 29,550 shares in its portfolio. Susquehanna Llp last reported 32,827 shares in the company. Employees Retirement Association Of Colorado holds 0% or 19,500 shares in its portfolio. Penn Cap Mngmt owns 701,855 shares or 0.13% of their US portfolio. Neuberger Berman Group Ltd Llc owns 2.50 million shares or 0.01% of their US portfolio. Dimensional Fund Limited Partnership has invested 0% of its portfolio in SeaChange International (NASDAQ:SEAC). Lmr Ltd Liability Partnership has 0.02% invested in the company for 36,444 shares. Geode Mngmt Ltd Liability, a Massachusetts-based fund reported 180,319 shares. Kcg Incorporated holds 18,774 shares or 0% of its portfolio. Blackrock Fund Advisors owns 93,251 shares or 0% of their US portfolio.

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

More notable recent SeaChange International (NASDAQ:SEAC) news were published by: Metrowestdailynews.com which released: “SeaChange International Inc. announces appointment” on July 10, 2016, also Metrowestdailynews.com with their article: “Seachange International Inc. reports revenue CQ” published on June 11, 2016, Reuters.com published: “BRIEF-Viex Capital Advisors reports 5.5 pct stake in Seachange Internation…” on September 12, 2016. More interesting news about SeaChange International (NASDAQ:SEAC) were released by: Metrowestdailynews.com and their article: “SeaChange International Inc. introduces new multiscreen video” published on June 29, 2016 as well as Bizjournals.com‘s news article titled: “Tech firm ousts CEO as net loss nearly doubles” with publication date: April 08, 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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