News articles about Synacor (NASDAQ:SYNC) have been trending somewhat positive this week, according to Accern Sentiment Analysis. Accern identifies negative and positive media coverage by analyzing more than 20 million news and blog sources in real-time. Accern ranks coverage of public companies on a scale of negative one to positive one, with scores closest to one being the most favorable. Synacor earned a news sentiment score of 0.02 on Accern’s scale. Accern also assigned media coverage about the information services provider an impact score of 44.922839844524 out of 100, indicating that recent media coverage is somewhat unlikely to have an impact on the company’s share price in the near term.
Here are some of the news headlines that may have effected Accern Sentiment’s analysis:
A number of research firms recently issued reports on SYNC. ValuEngine raised shares of Synacor from a “sell” rating to a “hold” rating in a research note on Wednesday, May 2nd. Zacks Investment Research downgraded shares of Synacor from a “hold” rating to a “sell” rating in a research note on Saturday, January 20th. Finally, Canaccord Genuity downgraded shares of Synacor from a “buy” rating to a “hold” rating and set a $5.00 price target on the stock. in a research note on Friday, March 16th. Four research analysts have rated the stock with a hold rating and one has given a buy rating to the stock. The company currently has an average rating of “Hold” and a consensus price target of $4.83.
Synacor remained flat at $$1.95 during mid-day trading on Monday, MarketBeat reports. 1,500 shares of the company were exchanged, compared to its average volume of 141,467. The stock has a market capitalization of $75.65 million, a P/E ratio of -7.22 and a beta of 0.61. The company has a current ratio of 1.25, a quick ratio of 1.25 and a debt-to-equity ratio of 0.06. Synacor has a 52 week low of $1.95 and a 52 week high of $2.00.
Synacor (NASDAQ:SYNC) last posted its quarterly earnings data on Wednesday, May 9th. The information services provider reported ($0.06) earnings per share for the quarter, beating the Zacks’ consensus estimate of ($0.08) by $0.02. Synacor had a negative net margin of 3.75% and a negative return on equity of 12.61%. The business had revenue of $32.92 million for the quarter. sell-side analysts anticipate that Synacor will post -0.11 EPS for the current year.
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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