Synacor Inc. (SYNC) Trading Up 5%
Synacor Inc. (NASDAQ:SYNC) was up 5% on Tuesday . The stock traded as high as $3.16 and last traded at $3.16, with a volume of 224,325 shares. The stock had previously closed at $3.01.
Separately, Rosenblatt Securities reissued a “buy” rating and issued a $4.50 price target on shares of Synacor in a report on Friday, May 13th.
The stock’s market capitalization is $93.37 million. The stock has a 50-day moving average of $3.14 and a 200 day moving average of $2.18.
Synacor (NASDAQ:SYNC) last announced its earnings results on Tuesday, May 10th. The company reported ($0.05) earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of ($0.09) by $0.04. The business had revenue of $30.30 million for the quarter, compared to analysts’ expectations of $28.60 million. On average, 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 dated 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 directly owns 102,113 shares of the company’s stock, valued at $309,402.39. The sale was disclosed in a filing with the SEC, which can be accessed through 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.
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.