Synacor Inc. (SYNC) Trading Up 3.9%
Synacor Inc. (NASDAQ:SYNC) was up 3.9% during mid-day trading on Friday . The stock traded as high as $2.99 and last traded at $2.95, with a volume of 248,802 shares changing hands. The stock had previously closed at $2.84.
Separately, Rosenblatt Securities reiterated a “buy” rating and set a $4.50 price target on shares of Synacor in a report on Friday, May 13th.
The company’s market capitalization is $89.77 million. The firm has a 50 day moving average of $3.10 and a 200-day moving average of $2.30.
Synacor (NASDAQ:SYNC) last released its earnings results on Wednesday, August 3rd. The company reported ($0.09) earnings per share for the quarter, beating the consensus estimate of ($0.10) by $0.01. The company earned $30.50 million during the quarter, compared to analyst estimates of $30.50 million. Equities research analysts predict that Synacor Inc. will post ($0.34) earnings per share 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 stock was sold at an average price of $3.08, for a total value of $77,000.00. Following the transaction, the director now owns 77,113 shares of the company’s stock, valued at $237,508.04. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at 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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