Synchronoss Technologies (SNCR) Given Daily News Sentiment Rating of 0.20

News stories about Synchronoss Technologies (NASDAQ:SNCR) have been trending somewhat positive on Sunday, according to Accern Sentiment Analysis. The research group identifies negative and positive media 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 closest to one being the most favorable. Synchronoss Technologies earned a daily sentiment score of 0.20 on Accern’s scale. Accern also gave news stories about the software maker an impact score of 44.8349587075901 out of 100, meaning that recent media coverage is somewhat unlikely to have an effect on the stock’s share price in the immediate future.

Here are some of the media headlines that may have effected Accern Sentiment Analysis’s rankings:

Shares of NASDAQ SNCR traded up $0.02 during trading on Friday, hitting $11.72. The company had a trading volume of 289,719 shares, compared to its average volume of 454,934. Synchronoss Technologies has a fifty-two week low of $6.51 and a fifty-two week high of $24.92. The firm has a market cap of $556.88, a price-to-earnings ratio of 16.51 and a beta of 0.94.

A number of research analysts have weighed in on SNCR shares. Zacks Investment Research raised shares of Synchronoss Technologies from a “hold” rating to a “buy” rating and set a $12.00 price objective for the company in a report on Thursday, March 29th. BidaskClub upgraded shares of Synchronoss Technologies from a “sell” rating to a “hold” rating in a research report on Thursday. Two investment analysts have rated the stock with a sell rating, eight have given a hold rating and two have given a buy rating to the stock. Synchronoss Technologies presently has a consensus rating of “Hold” and an average price target of $13.29.

In other news, insider Robert Garcia sold 27,116 shares of Synchronoss Technologies stock in a transaction dated Tuesday, February 27th. The shares were sold at an average price of $8.94, for a total value of $242,417.04. Following the sale, the insider now owns 173,980 shares in the company, valued at $1,555,381.20. The sale was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, insider Ronald Prague sold 4,049 shares of Synchronoss Technologies stock in a transaction dated Friday, February 23rd. The shares were 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 in the company, valued at approximately $793,606.64. The disclosure for this sale can be found here. In the last quarter, insiders sold 98,776 shares of company stock worth $876,377. Company insiders own 10.50% of the company’s stock.

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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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