Synacor Inc. (SYNC) Shares Up 2.6%
Synacor Inc. (NASDAQ:SYNC) shot up 2.6% during trading on Tuesday . The stock traded as high as $2.83 and last traded at $2.79, with a volume of 103,886 shares. The stock had previously closed at $2.72.
Separately, Rosenblatt Securities restated a “buy” rating and issued a $4.50 price objective on shares of Synacor in a research note on Friday, May 13th.
The company has a 50 day moving average of $2.98 and a 200-day moving average of $2.41. The company’s market capitalization is $84.51 million.
Synacor (NASDAQ:SYNC) last issued its quarterly earnings data on Wednesday, August 3rd. The company reported ($0.09) earnings per share (EPS) for the quarter, beating the Thomson Reuters’ consensus estimate of ($0.10) by $0.01. The business had revenue of $30.50 million for the quarter, compared to analysts’ expectations of $30.50 million. Equities research analysts anticipate that Synacor Inc. will post ($0.33) earnings per share for the current fiscal year.
In other Synacor news, Director Jordan Levy sold 25,000 shares of Synacor stock in a transaction on Monday, June 13th. The shares were sold at an average price of $3.08, for a total value of $77,000.00. Following the transaction, the director now directly owns 77,113 shares of the company’s stock, valued at $237,508.04. The transaction was disclosed in a filing with the Securities & Exchange Commission, 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.