Synacor Inc. (SYNC) Stock Price Down 4.6%
Synacor Inc. (NASDAQ:SYNC) fell 4.6% during mid-day trading on Thursday . The stock traded as low as $2.80 and last traded at $2.89, with a volume of 432,004 shares trading hands. The stock had previously closed at $3.03.
Separately, Rosenblatt Securities reiterated a “buy” rating and issued a $4.50 target price on shares of Synacor in a research note on Friday, May 13th.
The company’s market capitalization is $89.77 million. The firm’s 50 day moving average is $3.09 and its 200-day moving average is $2.30.
Synacor (NASDAQ:SYNC) last released its quarterly earnings results on Wednesday, August 3rd. The company reported ($0.09) earnings per share for the quarter, beating analysts’ consensus estimates of ($0.10) by $0.01. The firm had revenue of $30.50 million for the quarter, compared to the consensus estimate of $30.50 million. On average, equities analysts forecast that Synacor Inc. will post ($0.34) EPS for the current year.
In related 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 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 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.
Get Analysts' Upgrades and Downgrades Daily - Enter your email address below to receive a concise daily summary of analysts' upgrades, downgrades and new coverage with MarketBeat.com's FREE daily email newsletter.