News headlines about Synchronoss Technologies (NASDAQ:SNCR) have trended somewhat positive on Sunday, according to Accern. Accern scores the sentiment of media coverage by reviewing more than 20 million blog and news sources in real time. Accern ranks coverage of public companies on a scale of negative one to positive one, with scores closest to one being the most favorable. Synchronoss Technologies earned a coverage optimism score of 0.17 on Accern’s scale. Accern also assigned press coverage about the software maker an impact score of 45.6820880309414 out of 100, indicating that recent media coverage is somewhat unlikely to have an impact on the company’s share price in the near future.

These are some of the media headlines that may have impacted Accern’s scoring:

Several research firms have recently issued reports on SNCR. Credit Suisse Group lowered shares of Synchronoss Technologies from an “outperform” rating to a “neutral” rating and lowered their target price for the company from $45.00 to $13.00 in a report on Thursday, April 27th. UBS AG lowered shares of Synchronoss Technologies from a “strong-buy” rating to an “outperform” rating in a report on Thursday, April 27th. Zacks Investment Research upgraded shares of Synchronoss Technologies from a “strong sell” rating to a “hold” rating in a report on Tuesday, July 25th. Wells Fargo & Company lowered shares of Synchronoss Technologies from an “outperform” rating to a “market perform” rating in a report on Thursday, April 27th. Finally, Drexel Hamilton lowered shares of Synchronoss Technologies from a “buy” rating to a “hold” rating in a report on Wednesday, June 14th. Two research analysts have rated the stock with a sell rating, seven have assigned a hold rating and two have assigned a buy rating to the company’s stock. The company currently has a consensus rating of “Hold” and an average price target of $24.00.

Synchronoss Technologies (NASDAQ:SNCR) opened at 16.65 on Friday. The company has a 50-day moving average of $16.38 and a 200-day moving average of $21.35. The stock has a market capitalization of $732.32 million, a price-to-earnings ratio of 37.00 and a beta of 1.74. Synchronoss Technologies has a one year low of $10.11 and a one year high of $49.94.

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About Synchronoss Technologies

Synchronoss Technologies, Inc is a global software and services company, which provides technologies and services for the mobile transformation of business. The Company’s portfolio in the Consumer and Enterprise markets contains offerings, such as personal cloud, secure-mobility, identity management and scalable messaging platforms, products and solutions.

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