Synacor Inc. (SYNC) Stock Price Down 4.6%
Synacor Inc. (NASDAQ:SYNC)’s share price was down 4.6% during trading on Thursday . The company traded as low as $2.80 and last traded at $2.89, with a volume of 432,004 shares changing hands. The stock had previously closed at $3.03.
Separately, Rosenblatt Securities reissued a “buy” rating and set a $4.50 target price on shares of Synacor in a report on Friday, May 13th.
The company’s market capitalization is $85.26 million. The stock’s 50 day moving average price is $3.11 and its 200-day moving average price is $2.29.
Synacor (NASDAQ:SYNC) last released its quarterly earnings results on Wednesday, August 3rd. The company reported ($0.09) earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of ($0.10) by $0.01. The company had revenue of $30.50 million for the quarter, compared to analysts’ expectations of $30.50 million. Equities research analysts predict that Synacor Inc. will post ($0.34) EPS for the current fiscal year.
In related news, Director Jordan Levy sold 25,000 shares of the firm’s stock in a transaction dated Monday, June 13th. The stock was sold at an average price of $3.08, for a total transaction of $77,000.00. Following the transaction, the director now owns 77,113 shares of the company’s stock, valued at $237,508.04. The transaction was disclosed in a filing with the SEC, which is accessible 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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