Synacor Inc. (SYNC) Shares Down 0.7%
Synacor Inc. (NASDAQ:SYNC) shares were down 0.7% during trading on Friday . The stock traded as low as $2.95 and last traded at $3.01, with a volume of 189,256 shares. The stock had previously closed at $3.03.
Several analysts recently issued reports on the company. Rosenblatt Securities reissued a “buy” rating and issued a $4.50 target price on shares of Synacor in a research note on Friday, May 13th. TheStreet raised Synacor from a “sell” rating to a “hold” rating in a research note on Friday, March 11th.
The company’s market capitalization is $90.07 million. The firm’s 50 day moving average price is $3.14 and its 200 day moving average price is $2.11.
Synacor (NASDAQ:SYNC) last released its quarterly earnings data on Tuesday, May 10th. The company reported ($0.05) earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of ($0.09) by $0.04. The business had revenue of $30.30 million for the quarter, compared to the consensus estimate of $28.60 million. Equities research analysts predict that Synacor Inc. will post ($0.34) earnings per share for the current year.
In other news, Director Jordan Levy sold 25,000 shares of the stock in a transaction that occurred on Monday, June 13th. The shares were sold at an average price of $3.08, for a total transaction of $77,000.00. Following the transaction, the director now directly owns 77,113 shares in the company, valued at $237,508.04. The transaction was disclosed in a legal filing with the SEC, which is available through the SEC website.
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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