Synacor Inc. (SYNC) Trading 3.9% Higher
Shares of Synacor Inc. (NASDAQ:SYNC) traded up 3.9% on Friday . The company traded as high as $2.99 and last traded at $2.95, with a volume of 248,802 shares trading hands. The stock had previously closed at $2.84.
Separately, Rosenblatt Securities reissued a “buy” rating and set a $4.50 price objective 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 price is $3.09 and its 200-day moving average price is $2.30.
Synacor (NASDAQ:SYNC) last posted its quarterly earnings data on Wednesday, August 3rd. The company reported ($0.09) earnings per share for the quarter, beating the Zacks’ consensus estimate of ($0.10) by $0.01. The company had revenue of $30.50 million for the quarter, compared to analysts’ expectations of $30.50 million. On average, equities research 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 Synacor stock in a transaction that occurred on Monday, June 6th. The stock was sold at an average price of $3.03, for a total transaction of $75,750.00. Following the sale, the director now owns 102,113 shares of the company’s stock, valued at approximately $309,402.39. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed 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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