Saturday, June 25, 2022

Checking in on SeaChange International Inc. (SEAC) after recent insiders movement

SeaChange International Inc.’s recently made public that its President and C.E.O. AQUINO PETER D acquired Company’s shares for reported $0.1 million on Jun 16. In the deal valued at $0.53 per share,189,000 shares were bought. As a result of this transaction, AQUINO PETER D now holds 766,777 shares worth roughly $ 0.42 million.

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Then, SINGER KAREN bought 267,617 shares, generating $142,558 in total proceeds. Upon buying the shares at $0.53, the 10% Owner now owns 6,335,233 shares.

Before that, Prinn Michael sold 1,509 shares. SeaChange International Inc. shares valued at $1,207 were divested by the Chief Financial Officer at a price of $0.80 per share. As a result of the transaction, Prinn Michael now holds 10,971 shares, worth roughly $6034.05.

Taking this into account, Lake Street upgraded its SeaChange International Inc. [SEAC] rating to a Buy from a a Hold in a research note published on Tuesday. A number of analysts have revised their coverage, including Dougherty & Company’s analysts, who decreased its forecast for the stock in late February from “a Buy” to “a Neutral”. Lake Street also remained covering SEAC and has increased its forecast on December 07, 2017 with a “Buy” recommendation from previously “Hold” rating. Dougherty & Company maintained its rating on December 07, 2017. It rated SEAC as “a Buy”.

Price Performance Review of SEAC

On Tuesday, SeaChange International Inc. [NASDAQ:SEAC] saw its stock fall -1.68% to $0.55. On the same session, the stock had its day’s lowest price of $0.5355, but rose to a high of $0.5999. Over the last five days, the stock has lost -20.06%. SeaChange International Inc. shares have fallen nearly -65.62% since the year began. Nevertheless, the stocks have fallen -47.62% over the past one year. While a 52-week high of $3.44 was reached on 01/03/22, a 52-week low of $0.38 was recorded on 06/14/22. SMA at 50 days reached $0.8824, while 200 days put it at $1.0874. A total of 1.77 million shares were traded, compared to the trading of 4.07 million shares in the previous session.

Levels Of Support And Resistance For SEAC Stock

The 24-hour chart illustrates a support level at 0.5237, which if violated will result in even more drops to 0.4974. On the upside, there is a resistance level at 0.5881. A further resistance level may holdings at 0.6262. The Relative Strength Index (RSI) on the 14-day chart is 32.23, which indicates neutral technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at -0.0975, which suggests price will go down in the next trading period. Percent R suggests that price movement has been low at 68.44%. Stochastics %K at 32.73% indicates the stock is a holding.

How much short interest is there in SeaChange International Inc.?

A steep rise in short interest was recorded in SeaChange International Inc. stocks on May 30, 2022, dropping by -0.68 million shares to a total of 6.53 million shares. Yahoo Finance data shows the prior-month short interest on Apr 28, 2022 was 7.21 million shares. There was a decline of -10.41%, which implies that there is a negative sentiment for the stock. In spite of short shares comprising just 15.57% of the overall stock float, the days-to-cover ratio (short ratio) fell to 5.02.

SeaChange International Inc. [SEAC] – Who Are The Largest Shareholders?

In filings from Footprints Asset Management & Res, it is revealed that the company now owns 3,054,458 shares, or roughly 6.23% of the outstanding SEAC shares. In other words, the investor’s shares have fallen by 0 from its previous 13-F filing of 3054458.0. Additionally, The Vanguard Group, Inc. increased 6.74% of its stake after which the total value it holdings stand at $1,382,950, while Susquehanna Financial Group LLLP added 369.40% of its stake to hold $0.59 million in the firm. Over the last quarter, BlackRock Fund Advisors sold -4,752 shares of SeaChange International Inc., while Renaissance Technologies LLC sold 337,858 shares. At present, Millennium Management LLC is holding 367,940 shares valued at $0.28 million. Group One Trading LP owned 339,799 shares of the company at the time of its most recent 13F filing, worth $0.26 million.

According to FactSet, SeaChange International Inc.’s share price will average $3.00 in the next year, based on opinions of analysts polled by the firm. This is up nearly 435.71 percent from its previous closing price of $0.56. Analysts expect SeaChange International Inc. stock to reach the higher price of $3.00, while the lowest price estimate is $3.00. However, 2 analysts have rated SEAC stock as an Overweight in their predictions for 2022. The most recent change occurred on August 24, 2016 when Dougherty & Company resumed its ‘”a Buy”‘ rating for the stock and retained the price target to $6.

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