Synacor Inc. (NASDAQ:SYNC) dropped 1.8% during trading on Thursday . The company traded as low as $2.75 and last traded at $2.80, with a volume of 159,475 shares. The stock had previously closed at $2.85.

Separately, Rosenblatt Securities reiterated a “buy” rating and set a $4.50 price target on shares of Synacor in a report on Friday, May 13th.

The stock’s market capitalization is $83.29 million. The stock’s 50 day moving average is $3.01 and its 200 day moving average is $2.38.

Synacor (NASDAQ:SYNC) last issued its quarterly earnings results on Wednesday, August 3rd. The company reported ($0.09) earnings per share (EPS) for the quarter, beating the consensus estimate of ($0.10) by $0.01. The firm had revenue of $30.50 million for the quarter, compared to analyst estimates of $30.50 million. Equities research analysts anticipate that Synacor Inc. will post ($0.33) earnings per share for the current year.

In other news, Director Jordan Levy sold 25,000 shares of the company’s stock in a transaction on Monday, June 6th. The stock was sold at an average price of $3.03, for a total transaction of $75,750.00. Following the transaction, the director now owns 102,113 shares of the company’s stock, valued at $309,402.39. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at 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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