Synacor Inc. (SYNC) Shares Down 1.8%
Synacor Inc. (NASDAQ:SYNC) was down 1.8% during mid-day trading on Thursday . The company traded as low as $2.75 and last traded at $2.80, with a volume of 159,475 shares traded. The stock had previously closed at $2.85.
Separately, Rosenblatt Securities restated a “buy” rating and set a $4.50 price objective on shares of Synacor in a report on Friday, May 13th.
The stock’s market capitalization is $82.39 million. The stock has a 50 day moving average price of $2.99 and a 200 day moving average price of $2.39.
Synacor (NASDAQ:SYNC) last posted its earnings results on Wednesday, August 3rd. The company reported ($0.09) earnings per share for the quarter, topping the Zacks’ consensus estimate of ($0.10) by $0.01. The business earned $30.50 million during the quarter, compared to analyst estimates of $30.50 million. On average, equities analysts expect that Synacor Inc. will post ($0.33) EPS for the current year.
In related news, Director Jordan Levy sold 25,000 shares of the company’s stock in a transaction dated Monday, June 13th. The shares were sold at an average price of $3.08, for a total value of $77,000.00. Following the sale, the director now owns 77,113 shares in the company, valued at approximately $237,508.04. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink.
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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