Synacor (NASDAQ:SYNC) released its earnings results on Thursday, March 15th. The information services provider reported $0.00 earnings per share for the quarter, missing the consensus estimate of $0.02 by ($0.02), reports. The business had revenue of $46.00 million for the quarter, compared to the consensus estimate of $47.79 million. Synacor had a negative return on equity of 22.69% and a negative net margin of 6.98%.
Shares of SYNC stock traded up $0.01 on Friday, reaching $1.50. 34,195 shares of the company were exchanged, compared to its average volume of 145,988. Synacor has a one year low of $1.45 and a one year high of $3.95. The stock has a market capitalization of $57.81, a PE ratio of -5.56 and a beta of 0.62. The company has a debt-to-equity ratio of 0.06, a current ratio of 1.25 and a quick ratio of 1.25.
A hedge fund recently raised its stake in Synacor stock. Northern Trust Corp lifted its stake in shares of Synacor Inc (NASDAQ:SYNC) by 27.5% in the 2nd quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund owned 59,744 shares of the information services provider’s stock after purchasing an additional 12,875 shares during the period. Northern Trust Corp owned 0.16% of Synacor worth $218,000 at the end of the most recent quarter. 30.40% of the stock is currently owned by hedge funds and other institutional investors.
Several research analysts have recently issued reports on the stock. Canaccord Genuity downgraded Synacor from a “buy” rating to a “hold” rating and set a $5.00 price objective for the company. in a report on Friday, March 16th. Zacks Investment Research upgraded Synacor from a “sell” rating to a “hold” rating in a report on Tuesday, February 27th. Finally, ValuEngine downgraded Synacor from a “hold” rating to a “sell” rating in a report on Monday, December 11th. One research analyst has rated the stock with a sell rating, three have assigned a hold rating and one has assigned a buy rating to the company. The company presently has a consensus rating of “Hold” and a consensus target price of $4.83.
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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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