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The Small-Cap Ad Company Winning From OTT Video

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Lake Street Capital Markets on Wednesday issued a company note on SeaChange International (NASDAQ: SEAC) after analysis of the company's expanding consumer pipeline. The firm initiated coverage of SeaChange with a Buy rating and $7.50 price target.

Analyst Jaeson Schmidt wrote, "We think SeaChange should be able to emerge as one of the "winners" from the growing over the-top (OTT) video market...We believe SeaChange's customer engagement pipeline remains strong and growing across its entire solutions portfolio, which should provide a long runway for growth."

Analysts at Lake Street gave two key reasons why they see strength in SeaChange International:

1. Margin expansion

Lake Street believes that SeaChange has the potential to drive margin growth due to a favorable product mix, economies of scale and strong product demand. This combined with a largely recurring revenue base may drive earnings in the near term.

2. Growing customer pipeline

Analysts noted that SeaChange excels with customer engagement, which has allowed it to develop a robust customer base with strong product demand. Going forward, SeaChange has initiatives such as Nucleus at Liberty Global which have the potential to drive growth in market share.

Latest Ratings for SEAC

DateFirmActionFromTo
Aug 2018Lake StreetDowngradesBuyHold
Dec 2017Lake StreetUpgradesHoldBuy
Aug 2016Lake StreetDowngradesBuyHold

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Posted-In: Jaeson Schmidt Lake Street CapitalAnalyst Color Price Target Initiation Analyst Ratings Tech

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