Synacor Inc. (SYNC) Shares Up 5%
Synacor Inc. (NASDAQ:SYNC)’s share price shot up 5% on Tuesday . The company traded as high as $3.16 and last traded at $3.16, with a volume of 224,325 shares traded. The stock had previously closed at $3.01.
Separately, Rosenblatt Securities restated a “buy” rating and issued a $4.50 price objective on shares of Synacor in a report on Friday, May 13th.
The firm has a 50-day moving average price of $3.15 and a 200 day moving average price of $2.19. The stock’s market capitalization is $98.77 million.
Synacor (NASDAQ:SYNC) last issued 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. Equities research analysts anticipate that Synacor Inc. will post ($0.34) earnings per share for the current year.
In other Synacor news, Director Jordan Levy sold 25,000 shares of the company’s stock in a transaction dated Monday, June 6th. The shares were 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 in the company, valued at approximately $309,402.39. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available 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.
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