Synacor Inc. (SYNC) Shares Down 0.7%
Synacor Inc. (NASDAQ:SYNC)’s share price was down 0.7% on Friday . The company traded as low as $2.95 and last traded at $3.01, with a volume of 189,256 shares changing hands. The stock had previously closed at $3.03.
Separately, Rosenblatt Securities reaffirmed a “buy” rating and set a $4.50 price target on shares of Synacor in a research report on Friday, May 13th.
The company’s market capitalization is $90.07 million. The company has a 50-day moving average of $3.14 and a 200 day moving average of $2.12.
Synacor (NASDAQ:SYNC) last posted its quarterly earnings data on Tuesday, May 10th. The company reported ($0.05) earnings per share for the quarter, beating the Thomson Reuters’ 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. On average, equities research analysts expect that Synacor Inc. will post ($0.34) EPS for the current fiscal year.
In other news, Director Jordan Levy sold 25,000 shares of the firm’s 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 transaction, the director now owns 77,113 shares in the company, valued at approximately $237,508.04. The transaction was disclosed in a legal filing with the SEC, which is accessible 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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