Synacor Inc. (SYNC) Trading Down 3.8%
Synacor Inc. (NASDAQ:SYNC) shares traded down 3.8% on Thursday . The stock 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 reiterated a “buy” rating and issued a $4.50 price target on shares of Synacor in a research report on Friday, May 13th.
The stock has a 50 day moving average price of $3.14 and a 200 day moving average price of $2.16. The stock’s market capitalization is $90.67 million.
Synacor (NASDAQ:SYNC) last issued its quarterly earnings data on Tuesday, May 10th. The company reported ($0.05) earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of ($0.09) by $0.04. The firm earned $30.30 million during the quarter, compared to analysts’ expectations of $28.60 million. Equities analysts anticipate that Synacor Inc. will post ($0.34) EPS for the current year.
In other news, Director Jordan Levy sold 25,000 shares of Synacor stock in a transaction that occurred on Monday, June 13th. The shares were 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 approximately $237,508.04. The sale was disclosed in a legal filing with the SEC, 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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