ValuEngine upgraded shares of Synacor (NASDAQ:SYNC) from a hold rating to a buy rating in a research note published on Thursday, ValuEngine reports.
Separately, Craig Hallum upgraded shares of Synacor from a hold rating to a buy rating in a research report on Friday, July 12th. One equities research analyst has rated the stock with a sell rating, two have issued a hold rating and two have issued a buy rating to the stock. The company currently has an average rating of Hold.
SYNC stock traded down $0.01 during trading on Thursday, reaching $1.49. 119,713 shares of the company were exchanged, compared to its average volume of 243,533. The business’s 50-day moving average is $1.53. The company has a market capitalization of $59.31 million, a P/E ratio of -11.46 and a beta of 0.08. Synacor has a twelve month low of $1.40 and a twelve month high of $2.50. The company has a debt-to-equity ratio of 0.11, a current ratio of 1.11 and a quick ratio of 1.11.
Synacor (NASDAQ:SYNC) last released its quarterly earnings data on Wednesday, May 8th. The information services provider reported ($0.03) earnings per share (EPS) for the quarter. The company had revenue of $31.82 million for the quarter. Synacor had a negative return on equity of 11.02% and a negative net margin of 5.20%.
A number of hedge funds have recently added to or reduced their stakes in the stock. NJ State Employees Deferred Compensation Plan increased its position in Synacor by 4.8% during the 1st quarter. NJ State Employees Deferred Compensation Plan now owns 220,000 shares of the information services provider’s stock worth $345,000 after purchasing an additional 10,000 shares in the last quarter. Punch & Associates Investment Management Inc. increased its position in Synacor by 28.0% in the 1st quarter. Punch & Associates Investment Management Inc. now owns 160,000 shares of the information services provider’s stock valued at $251,000 after acquiring an additional 35,000 shares during the period. Finally, Nations Financial Group Inc. IA ADV increased its position in Synacor by 62.5% in the 1st quarter. Nations Financial Group Inc. IA ADV now owns 19,500 shares of the information services provider’s stock valued at $31,000 after acquiring an additional 7,500 shares during the period. Institutional investors and hedge funds own 26.50% of the company’s stock.
Synacor, Inc operates as a technology development, multiplatform services, and revenue partner for video, Internet, and communications providers; and device manufacturers, governments, and enterprises in the United States and internationally. It enables its customers to provide their consumers engaging, multiscreen experiences with products that require scale, and actionable data and implementation.
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