Equities researchers at Albert Fried & Company decreased their price target on shares of Synacor (NASDAQ:SYNC) from $7.00 to $6.00 in a research report issued on Thursday, Stock Ratings Network reports. Albert Fried & Company’s price target would suggest a potential upside of 112.77% from the company’s current price.
Separately, analysts at BMO Capital Markets cut their price target on shares of Synacor from $6.00 to $4.00 in a research note to investors on Wednesday, August 7th. They now have a “market perform” rating on the stock.
Shares of Synacor (NASDAQ:SYNC) traded up 4.44% on Thursday, hitting $2.82. The stock had a trading volume of 150,245 shares. Synacor has a 52 week low of $2.58 and a 52 week high of $8.87. The stock’s 50-day moving average is $3.07 and its 200-day moving average is $3.34. The company has a market cap of $77.0 million and a price-to-earnings ratio of 87.10.
Synacor (NASDAQ:SYNC) last released its earnings data on Tuesday, August 6th. The company reported ($0.02) earnings per share for the quarter, meeting the analysts’ consensus estimate of ($0.02). The company had revenue of $26.70 million for the quarter, compared to the consensus estimate of $27.08 million. During the same quarter in the previous year, the company posted $0.04 earnings per share. The company’s revenue for the quarter was down 13.3% on a year-over-year basis. Analysts expect that Synacor will post $-0.09 EPS for the current fiscal year.
Synacor, Inc (NASDAQ:SYNC) is a provider of solutions for delivery of online content and services.
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