ValuEngine Upgrades SEA (SE) to “Buy”

SEA (NYSE:SE) was upgraded by ValuEngine from a “hold” rating to a “buy” rating in a research note issued to investors on Friday.

Separately, Zacks Investment Research upgraded SEA from a “sell” rating to a “hold” rating in a report on Saturday, July 28th.

Shares of SEA stock opened at $12.90 on Friday. The firm has a market capitalization of $4.19 billion and a PE ratio of -4.74. The company has a quick ratio of 2.52, a current ratio of 2.54 and a debt-to-equity ratio of 4.95. SEA has a 12 month low of $10.06 and a 12 month high of $17.19.

SEA (NYSE:SE) last issued its earnings results on Tuesday, November 20th. The pipeline company reported ($0.75) EPS for the quarter, missing the Thomson Reuters’ consensus estimate of ($0.74) by ($0.01). The business had revenue of $242.84 million during the quarter, compared to analyst estimates of $212.55 million. SEA had a negative return on equity of 283.47% and a negative net margin of 141.71%. As a group, analysts predict that SEA will post -2.63 earnings per share for the current fiscal year.

Large investors have recently made changes to their positions in the stock. Northern Trust Corp purchased a new stake in shares of SEA during the first quarter worth $121,000. Comerica Bank bought a new position in SEA during the third quarter valued at about $137,000. First Trust Advisors LP bought a new position in SEA during the second quarter valued at about $159,000. Arrowgrass Capital Partners US LP bought a new position in SEA during the second quarter valued at about $198,000. Finally, Cubist Systematic Strategies LLC bought a new position in SEA during the second quarter valued at about $207,000. Institutional investors and hedge funds own 27.81% of the company’s stock.

About SEA

Sea Limited engages in the digital entertainment, e-commerce, and digital financial service businesses in the Greater Southeast Asia. The company operates through three segments: Digital Entertainment, E-commerce and Digital Financial services. It provides Garena digital entertainment platform for users to access mobile and PC online games, and eSports operations; and access to other entertainment content, such as live streaming of online gameplay and social features.

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To view ValuEngine’s full report, visit ValuEngine’s official website.

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