Shares of Synacor Inc (NASDAQ:SYNC) have been given a consensus rating of “Hold” by the four research firms that are presently covering the stock, Marketbeat.com reports. One equities research analyst has rated the stock with a sell recommendation, two have assigned a hold recommendation and one has issued a buy recommendation on the company.
A number of equities research analysts recently issued reports on SYNC shares. ValuEngine raised shares of Synacor from a “hold” rating to a “buy” rating in a research note on Thursday, August 1st. Craig Hallum downgraded shares of Synacor to a “hold” rating in a research note on Friday, August 9th. Finally, Needham & Company LLC reaffirmed a “hold” rating on shares of Synacor in a research note on Thursday.
NASDAQ SYNC traded up $0.04 during trading hours on Thursday, hitting $1.52. 47,400 shares of the company’s stock traded hands, compared to its average volume of 87,529. The business’s fifty day moving average price is $1.49 and its two-hundred day moving average price is $1.52. The company has a debt-to-equity ratio of 0.09, a quick ratio of 1.10 and a current ratio of 1.10. Synacor has a 52 week low of $1.28 and a 52 week high of $1.94.
Synacor (NASDAQ:SYNC) last released its quarterly earnings results on Wednesday, August 7th. The information services provider reported ($0.05) earnings per share (EPS) for the quarter. The business had revenue of $31.85 million for the quarter. Synacor had a negative net margin of 5.28% and a negative return on equity of 10.63%.
Institutional investors have recently added to or reduced their stakes in the stock. Acadian Asset Management LLC raised its stake in Synacor by 809.3% during the second quarter. Acadian Asset Management LLC now owns 48,918 shares of the information services provider’s stock valued at $76,000 after purchasing an additional 43,538 shares in the last quarter. Dalton Greiner Hartman Maher & Co. purchased a new stake in Synacor during the third quarter valued at $202,000. Raffles Associates LP raised its stake in Synacor by 93.4% during the second quarter. Raffles Associates LP now owns 310,539 shares of the information services provider’s stock valued at $484,000 after purchasing an additional 150,000 shares in the last quarter. Emancipation Management LLC raised its stake in Synacor by 129.1% during the second quarter. Emancipation Management LLC now owns 987,526 shares of the information services provider’s stock valued at $1,541,000 after purchasing an additional 556,522 shares in the last quarter. Finally, Renaissance Technologies LLC raised its stake in Synacor by 6.3% during the second quarter. Renaissance Technologies LLC now owns 1,613,711 shares of the information services provider’s stock valued at $2,517,000 after purchasing an additional 95,611 shares in the last quarter. 27.98% of the stock is currently owned by institutional investors.
Synacor Company Profile
Synacor, Inc operates as a technology development, multiplatform services, and revenue partner for video, Internet, and communications providers; and device manufacturers, governments, and enterprises in the United States and internationally. It enables its customers to provide their consumers engaging, multiscreen experiences with products that require scale, and actionable data and implementation.
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