Synacor Inc. (SYNC) Trading 1.7% Higher
Synacor Inc. (NASDAQ:SYNC) traded 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 equities research analysts have recently issued reports on the company. Rosenblatt Securities reiterated a “buy” rating and set a $4.50 price target on shares of Synacor in a report on Friday, May 13th. TheStreet upgraded Synacor from a “sell” rating to a “hold” rating in a report on Friday, March 11th.
The company’s market cap is $90.07 million. The firm’s 50-day moving average price is $3.14 and its 200 day moving average price is $2.12.
Synacor (NASDAQ:SYNC) last released its quarterly earnings data on Tuesday, May 10th. The company reported ($0.05) EPS for the quarter, beating analysts’ consensus estimates of ($0.09) by $0.04. The company earned $30.30 million during the quarter, compared to the consensus estimate of $28.60 million. On average, analysts predict that Synacor Inc. will post ($0.34) earnings per share for the current fiscal year.
In related news, Director Jordan Levy sold 25,000 shares of the company’s stock in a transaction dated Monday, June 13th. The stock was sold at an average price of $3.08, for a total value of $77,000.00. Following the completion of the sale, the director now owns 77,113 shares in the company, valued at $237,508.04. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at 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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