Synacor Inc. (SYNC) Shares Down 6.1%
Synacor Inc. (NASDAQ:SYNC)’s share price dropped 6.1% on Thursday . The stock traded as low as $3.06 and last traded at $3.09, with a volume of 389,446 shares trading hands. The stock had previously closed at $3.29.
Separately, Rosenblatt Securities restated a “buy” rating and set a $4.50 target price on shares of Synacor in a research report on Friday, May 13th.
The stock’s market capitalization is $93.07 million. The stock has a 50 day moving average of $3.15 and a 200 day moving average of $2.19.
Synacor (NASDAQ:SYNC) last announced its earnings results on Tuesday, May 10th. The company reported ($0.05) EPS for the quarter, topping the Zacks’ consensus estimate of ($0.09) by $0.04. The company earned $30.30 million during the quarter, compared to the consensus estimate of $28.60 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 the firm’s stock in a transaction on Monday, June 6th. The stock was sold at an average price of $3.03, for a total value of $75,750.00. Following the transaction, the director now directly owns 102,113 shares of the company’s stock, valued at approximately $309,402.39. The sale was disclosed in a legal filing with the SEC, which is available 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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