News coverage about Synacor (NASDAQ:SYNC) has been trending somewhat positive this week, Accern reports. The research firm rates the sentiment of press coverage by monitoring more than 20 million blog and news sources in real-time. Accern ranks coverage of publicly-traded companies on a scale of negative one to one, with scores closest to one being the most favorable. Synacor earned a media sentiment score of 0.10 on Accern’s scale. Accern also assigned news articles about the information services provider an impact score of 44.9875670988502 out of 100, indicating that recent press coverage is somewhat unlikely to have an effect on the company’s share price in the near term.

Several equities analysts recently commented on SYNC shares. Rosenblatt Securities reissued a “buy” rating and set a $5.50 price target on shares of Synacor in a research report on Monday, June 12th. ValuEngine raised Synacor from a “sell” rating to a “hold” rating in a research report on Tuesday, July 25th. Craig Hallum lowered Synacor from a “buy” rating to a “hold” rating and upped their target price for the company from $3.55 to $4.00 in a research report on Thursday, August 10th. Finally, Canaccord Genuity cut their target price on Synacor from $8.00 to $6.00 and set a “buy” rating on the stock in a research report on Thursday, August 10th. Four analysts have rated the stock with a hold rating and four have given a buy rating to the company. The company has an average rating of “Buy” and a consensus price target of $5.00.

Shares of Synacor (NASDAQ:SYNC) traded down 1.82% during trading on Friday, hitting $2.70. The company’s stock had a trading volume of 90,543 shares. Synacor has a 1-year low of $2.30 and a 1-year high of $4.25. The firm’s 50 day moving average is $2.76 and its 200-day moving average is $3.36. The company’s market capitalization is $104.40 million.

Synacor (NASDAQ:SYNC) last announced its earnings results on Wednesday, August 9th. The information services provider reported ($0.09) earnings per share for the quarter, beating the consensus estimate of ($0.11) by $0.02. Synacor had a negative return on equity of 39.21% and a negative net margin of 13.14%. The firm had revenue of $31.22 million during the quarter, compared to the consensus estimate of $29.43 million. The business’s revenue was up 2.4% on a year-over-year basis. Analysts forecast that Synacor will post ($0.32) EPS for the current fiscal year.

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About Synacor

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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