Synacor (NASDAQ:SYNC) posted its quarterly earnings data on Thursday. The information services provider reported $0.00 EPS for the quarter, missing the Zacks’ consensus estimate of $0.02 by ($0.02), Yahoo Finance Previews reports. Synacor had a negative net margin of 9.87% and a negative return on equity of 31.12%. The company had revenue of $46.00 million for the quarter, compared to analyst estimates of $47.79 million.
Synacor (NASDAQ:SYNC) traded down $0.25 on Friday, reaching $1.80. 111,344 shares of the company were exchanged, compared to its average volume of 151,742. The firm has a market cap of $79.31, a P/E ratio of -5.26 and a beta of 0.41. Synacor has a 12-month low of $1.75 and a 12-month high of $4.25. The company has a debt-to-equity ratio of 0.07, a quick ratio of 1.27 and a current ratio of 1.27.
A number of research firms have recently commented on SYNC. Zacks Investment Research raised shares of Synacor from a “sell” rating to a “hold” rating in a research note on Tuesday, December 26th. ValuEngine downgraded shares of Synacor from a “hold” rating to a “sell” rating in a research note on Monday, December 11th. Finally, Canaccord Genuity downgraded shares of Synacor from a “buy” rating to a “hold” rating and set a $5.00 price objective for the company. in a research note on Friday. One equities research analyst has rated the stock with a sell rating, four have given a hold rating and one has given a buy rating to the company. Synacor presently has an average rating of “Hold” and a consensus price target of $4.83.
An institutional investor recently raised its position in Synacor stock. Northern Trust Corp increased its holdings in shares of Synacor Inc (NASDAQ:SYNC) by 27.5% in the second quarter, according to the company in its most recent filing with the SEC. The institutional investor owned 59,744 shares of the information services provider’s stock after purchasing an additional 12,875 shares during the quarter. Northern Trust Corp owned 0.16% of Synacor worth $218,000 as of its most recent filing with the SEC. 30.52% of the stock is owned by institutional investors.
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Synacor Company Profile
Synacor, Inc is a technology development, multiplatform services and revenue partner for video, Internet and communications providers, device manufacturers and enterprises. The Company enables its customers to provide their consumers engaging, multiscreen experiences with products that require scale, actionable data and implementation.
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