Media stories about Synchronoss Technologies (NASDAQ:SNCR) have trended somewhat positive on Saturday, according to Accern Sentiment Analysis. Accern identifies positive and negative news coverage by monitoring more than 20 million blog and news sources in real-time. Accern ranks coverage of companies on a scale of negative one to one, with scores nearest to one being the most favorable. Synchronoss Technologies earned a news sentiment score of 0.09 on Accern’s scale. Accern also gave media headlines about the software maker an impact score of 45.5774878344893 out of 100, indicating that recent news coverage is somewhat unlikely to have an impact on the stock’s share price in the next several days.
These are some of the news stories that may have effected Accern Sentiment’s scoring:
Shares of SNCR stock traded down $0.03 on Friday, reaching $10.59. 305,172 shares of the company’s stock traded hands, compared to its average volume of 624,968. Synchronoss Technologies has a 12-month low of $6.51 and a 12-month high of $24.92. The company has a market capitalization of $504.61, a price-to-earnings ratio of 14.92 and a beta of 0.94.
SNCR has been the topic of a number of research analyst reports. BidaskClub downgraded Synchronoss Technologies from a “sell” rating to a “strong sell” rating in a report on Saturday, December 9th. Zacks Investment Research upgraded Synchronoss Technologies from a “sell” rating to a “hold” rating in a report on Wednesday, December 20th. Three investment analysts have rated the stock with a sell rating, eight have assigned a hold rating and one has assigned a buy rating to the company. The company currently has a consensus rating of “Hold” and a consensus target price of $13.29.
In related news, insider Ronald Prague sold 4,049 shares of Synchronoss Technologies stock in a transaction on Friday, February 23rd. The stock was sold at an average price of $8.78, for a total transaction of $35,550.22. Following the completion of the sale, the insider now owns 90,388 shares of the company’s stock, valued at $793,606.64. The transaction was disclosed in a legal filing with the SEC, which is available through the SEC website. Also, Chairman Stephen G. Waldis sold 36,624 shares of Synchronoss Technologies stock in a transaction on Tuesday, February 27th. The shares were sold at an average price of $8.92, for a total value of $326,686.08. Following the sale, the chairman now directly owns 542,770 shares of the company’s stock, valued at approximately $4,841,508.40. The disclosure for this sale can be found here. Insiders have sold 98,776 shares of company stock worth $876,377 in the last quarter. 10.50% of the stock is currently owned by corporate insiders.
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About Synchronoss Technologies
Synchronoss Technologies, Inc provides cloud solutions and software-based activation for connected devices worldwide. The company's products and services include cloud-based sync, backup, storage and content engagement capabilities, broadband connectivity solutions, analytics, white label messaging, and identity/access management that enable communications service providers, cable operators/multi-services operators, original equipment manufacturers with embedded connectivity, and multi-channel retailers, as well as other customers to accelerate and monetize value-add services for secure and broadband networks and connected devices.
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