Synacor Inc. (SYNC) Shares Down 6.1%
Synacor Inc. (NASDAQ:SYNC) shares traded down 6.1% on Thursday . The company 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 reiterated a “buy” rating and issued a $4.50 target price on shares of Synacor in a research note on Friday, May 13th.
The stock’s 50 day moving average is $3.14 and its 200-day moving average is $2.21. The firm’s market cap is $92.17 million.
Synacor (NASDAQ:SYNC) last issued its quarterly earnings results on Tuesday, May 10th. The company reported ($0.05) earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of ($0.09) by $0.04. The business earned $30.30 million during the quarter, compared to the consensus estimate of $28.60 million. On average, equities research analysts expect that Synacor Inc. will post ($0.34) EPS for the current year.
In related news, Director Jordan Levy sold 25,000 shares of the 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 completion of 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 document filed 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.
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