Synchronoss Technologies, Inc. (NASDAQ:SNCR) CFO David D. Clark purchased 10,000 shares of Synchronoss Technologies stock in a transaction dated Thursday, November 15th. The shares were bought at an average price of $5.94 per share, for a total transaction of $59,400.00. The purchase was disclosed in a filing with the SEC, which is accessible through this hyperlink.

Shares of NASDAQ:SNCR opened at $6.35 on Wednesday. The company has a debt-to-equity ratio of 0.03, a current ratio of 0.99 and a quick ratio of 0.99. Synchronoss Technologies, Inc. has a 12-month low of $3.90 and a 12-month high of $12.12.

Synchronoss Technologies (NASDAQ:SNCR) last issued its quarterly earnings data on Wednesday, November 7th. The software maker reported ($1.00) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of ($0.53) by ($0.47). The business had revenue of $83.30 million for the quarter, compared to analyst estimates of $83.00 million. Synchronoss Technologies had a negative return on equity of 48.08% and a negative net margin of 36.27%. Synchronoss Technologies’s revenue for the quarter was down 8.5% on a year-over-year basis. On average, equities research analysts expect that Synchronoss Technologies, Inc. will post -2.62 EPS for the current fiscal year.

SNCR has been the topic of several analyst reports. TheStreet lowered Synchronoss Technologies from a “c-” rating to a “d” rating in a report on Monday, October 1st. Stifel Nicolaus downgraded Synchronoss Technologies from a “hold” rating to a “sell” rating and cut their price objective for the stock from $8.00 to $3.00 in a research report on Monday, July 30th. Zacks Investment Research downgraded Synchronoss Technologies from a “hold” rating to a “sell” rating in a research report on Friday, August 10th. Finally, ValuEngine raised Synchronoss Technologies from a “hold” rating to a “buy” rating in a research report on Thursday, November 1st. Three research analysts have rated the stock with a sell rating, one has given a hold rating and two have issued a buy rating to the stock. The company presently has a consensus rating of “Hold” and an average target price of $6.38.

Several large investors have recently modified their holdings of SNCR. FNY Investment Advisers LLC acquired a new stake in shares of Synchronoss Technologies during the 3rd quarter worth about $171,000. Dynamic Technology Lab Private Ltd acquired a new stake in shares of Synchronoss Technologies during the 2nd quarter worth about $258,000. Finally, Principal Financial Group Inc. increased its position in shares of Synchronoss Technologies by 2.4% during the 1st quarter. Principal Financial Group Inc. now owns 335,057 shares of the software maker’s stock worth $3,535,000 after purchasing an additional 7,946 shares during the last quarter. 10.97% of the stock is owned by hedge funds and other institutional investors.

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About Synchronoss Technologies

Synchronoss Technologies, Inc provides cloud, digital, messaging, and Internet of things platforms, products, and solutions worldwide. Its products and services include cloud-based sync, backup, storage and content engagement capabilities, broadband connectivity solutions, analytics, white label messaging, and identity/access management that enable communications service providers, cable operators/multi-services operators, original equipment manufacturers with embedded connectivity, and multi-channel retailers, as well as other customers to accelerate and monetize value-add services for secure and broadband networks and connected devices.

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