Synergy CHC (NASDAQ:SNYR) Upgraded by Zacks Research to Hold Rating

Zacks Research upgraded shares of Synergy CHC (NASDAQ:SNYR) from a strong sell rating to a hold rating in a research note published on Monday,Zacks.com reports.

A number of other equities analysts have also weighed in on SNYR. Weiss Ratings upgraded shares of Synergy CHC from a “sell (e+)” rating to a “sell (d-)” rating in a report on Monday, June 29th. Ascendiant Capital Markets increased their target price on Synergy CHC from $5.00 to $5.50 and gave the company a “buy” rating in a research note on Tuesday, April 14th. Two equities research analysts have rated the stock with a Buy rating, one has issued a Hold rating and one has given a Sell rating to the company. Based on data from MarketBeat.com, the stock has an average rating of “Hold” and a consensus target price of $6.25.

Synergy CHC Stock Performance

Shares of Synergy CHC stock opened at $0.17 on Monday. The stock has a market capitalization of $2.51 million, a PE ratio of -0.12 and a beta of -0.14. Synergy CHC has a 52-week low of $0.16 and a 52-week high of $3.99. The company has a 50-day simple moving average of $0.20 and a two-hundred day simple moving average of $0.71.

Synergy CHC (NASDAQ:SNYR) last issued its earnings results on Thursday, May 14th. The company reported ($0.23) earnings per share (EPS) for the quarter, missing the consensus estimate of $0.03 by ($0.26). The firm had revenue of $5.49 million for the quarter. As a group, equities research analysts forecast that Synergy CHC will post -0.19 EPS for the current fiscal year.

Hedge Funds Weigh In On Synergy CHC

Several hedge funds and other institutional investors have recently bought and sold shares of SNYR. Geode Capital Management LLC purchased a new stake in shares of Synergy CHC during the 2nd quarter valued at about $29,000. Virtu Financial LLC purchased a new position in shares of Synergy CHC during the third quarter valued at approximately $38,000. DRW Securities LLC purchased a new position in shares of Synergy CHC during the fourth quarter valued at approximately $36,000. Finally, XTX Topco Ltd purchased a new position in shares of Synergy CHC during the second quarter valued at approximately $57,000.

About Synergy CHC

Synergy CHC Corp. engages in the marketing and distribution of branded health and wellness products. The company was founded on December 29, 2010 and is headquartered in Westbrook, ME.