SeaChange International (NASDAQ:SEAC) Updates FY 2020 Earnings Guidance

SeaChange International (NASDAQ:SEAC) issued an update on its FY 2020 earnings guidance on Thursday morning. The company provided EPS guidance of $0.03-0.19 for the period, compared to the Thomson Reuters consensus EPS estimate of $-0.01.

Several analysts recently commented on the company. ValuEngine cut SeaChange International from a buy rating to a hold rating in a report on Wednesday, May 1st. Zacks Investment Research cut SeaChange International from a hold rating to a sell rating in a report on Wednesday, May 1st. One equities research analyst has rated the stock with a sell rating, three have assigned a hold rating and one has issued a buy rating to the company’s stock. SeaChange International has an average rating of Hold and an average target price of $3.25.

Shares of NASDAQ:SEAC opened at $1.43 on Friday. The company has a debt-to-equity ratio of 0.03, a current ratio of 2.06 and a quick ratio of 2.03. SeaChange International has a twelve month low of $1.13 and a twelve month high of $3.47. The stock’s 50 day moving average price is $1.30. The firm has a market capitalization of $52.35 million, a price-to-earnings ratio of -3.67 and a beta of 0.75.

SeaChange International (NASDAQ:SEAC) last released its quarterly earnings results on Friday, April 12th. The software maker reported ($0.04) EPS for the quarter, meeting analysts’ consensus estimates of ($0.04). The business had revenue of $16.96 million during the quarter. SeaChange International had a negative return on equity of 30.21% and a negative net margin of 77.53%. As a group, research analysts anticipate that SeaChange International will post -0.31 EPS for the current year.

In other SeaChange International news, insider Mark J. Bonney bought 126,749 shares of the firm’s stock in a transaction dated Wednesday, June 12th. The stock was purchased at an average cost of $1.50 per share, with a total value of $190,123.50. Following the transaction, the insider now directly owns 351,527 shares in the company, valued at approximately $527,290.50. The transaction was disclosed in a legal filing with the SEC, which is available through the SEC website. Also, Director Robert M. Pons purchased 20,000 shares of the business’s stock in a transaction dated Wednesday, June 12th. The shares were purchased at an average price of $1.47 per share, with a total value of $29,400.00. Following the purchase, the director now directly owns 118,039 shares in the company, valued at approximately $173,517.33. The disclosure for this purchase can be found here. Corporate insiders own 2.90% of the company’s stock.

About SeaChange International

SeaChange International, Inc provides multiscreen, advertising, and premium over the top (OTT) video products and services that facilitate the aggregation, licensing, management, and distribution of video and television advertising content worldwide. It offers video products, including SeaChange Adrenalin, a multiscreen video back office platform that enables service providers to manage, monetize, and deliver a seamless viewing experience across televisions, personal computers (PCs), tablets, smartphones, and other IP-enabled devices; and SeaChange AssetFlow, a content management solution, which is used to receive, manage, and publish content for viewing on televisions, tablets, PCs, and other consumer devices, as well as SeaChange Rave, an integrated platform.

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