Synacor Inc. (SYNC) Shares Down 3.8%
Synacor Inc. (NASDAQ:SYNC)’s share price was down 3.8% on Thursday . The company traded as low as $3.05 and last traded at $3.06, with a volume of 238,025 shares traded. The stock had previously closed at $3.18.
Separately, Rosenblatt Securities reissued a “buy” rating and set a $4.50 price target on shares of Synacor in a research report on Friday, May 13th.
The firm’s market cap is $92.77 million. The firm has a 50-day moving average price of $3.15 and a 200 day moving average price of $2.14.
Synacor (NASDAQ:SYNC) last announced its earnings results on Tuesday, May 10th. The company reported ($0.05) earnings per share for the quarter, beating the consensus estimate of ($0.09) by $0.04. The firm earned $30.30 million during the quarter, compared to analyst estimates of $28.60 million. On average, analysts forecast that Synacor Inc. will post ($0.34) EPS for the current year.
In other Synacor news, Director Jordan Levy sold 25,000 shares of Synacor 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 completion of 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 can be accessed 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.
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