Synacor Inc. (SYNC) Trading Up 1.7%
Shares of Synacor Inc. (NASDAQ:SYNC) were up 1.7% during mid-day trading on Thursday . The stock traded as high as $3.12 and last traded at $3.06, with a volume of 176,882 shares changing hands. The stock had previously closed at $3.01.
Several analysts recently issued reports on SYNC shares. Rosenblatt Securities restated a “buy” rating and set a $4.50 target price on shares of Synacor in a research report on Friday, May 13th. TheStreet upgraded shares of Synacor from a “sell” rating to a “hold” rating in a research report on Friday, March 11th.
The firm has a 50-day moving average price of $3.14 and a 200-day moving average price of $2.10. The stock’s market capitalization is $90.82 million.
Synacor (NASDAQ:SYNC) last released its quarterly earnings results on Tuesday, May 10th. The company reported ($0.05) EPS for the quarter, beating the Thomson Reuters’ consensus estimate of ($0.09) by $0.04. The firm had revenue of $30.30 million for the quarter, compared to analysts’ expectations of $28.60 million. Equities research analysts anticipate that Synacor Inc. will post ($0.34) EPS for the current year.
In other Synacor news, Director Jordan Levy sold 25,000 shares of the stock in a transaction dated Monday, June 13th. The shares were sold at an average price of $3.08, for a total transaction of $77,000.00. Following the completion of the sale, the director now directly owns 77,113 shares of the company’s stock, valued at $237,508.04. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link.
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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