Synacor Inc (NASDAQ:SYNC) has been given a consensus rating of “Hold” by the four ratings firms that are covering the company, MarketBeat.com reports. One investment analyst has rated the stock with a sell recommendation, two have given a hold recommendation and one has given a buy recommendation to the company.

A number of equities research analysts have recently weighed in on SYNC shares. Craig Hallum lowered shares of Synacor to a “hold” rating in a research note on Friday, August 9th. Needham & Company LLC reissued a “hold” rating on shares of Synacor in a research report on Thursday. Finally, ValuEngine raised shares of Synacor from a “hold” rating to a “buy” rating in a research report on Thursday, August 1st.

A number of hedge funds and other institutional investors have recently modified their holdings of the stock. Renaissance Technologies LLC lifted its position in Synacor by 6.3% during the 2nd quarter. Renaissance Technologies LLC now owns 1,613,711 shares of the information services provider’s stock valued at $2,517,000 after acquiring an additional 95,611 shares during the period. Emancipation Management LLC lifted its position in Synacor by 129.1% during the 2nd quarter. Emancipation Management LLC now owns 987,526 shares of the information services provider’s stock valued at $1,541,000 after acquiring an additional 556,522 shares during the period. Raffles Associates LP lifted its position in Synacor by 93.4% during the 2nd quarter. Raffles Associates LP now owns 310,539 shares of the information services provider’s stock valued at $484,000 after acquiring an additional 150,000 shares during the period. Dalton Greiner Hartman Maher & Co. purchased a new position in Synacor during the 3rd quarter valued at about $202,000. Finally, Acadian Asset Management LLC lifted its position in Synacor by 809.3% during the 2nd quarter. Acadian Asset Management LLC now owns 48,918 shares of the information services provider’s stock valued at $76,000 after acquiring an additional 43,538 shares during the period. 27.98% of the stock is owned by institutional investors.

Shares of Synacor stock traded up $0.04 on Thursday, hitting $1.52. 47,400 shares of the company traded hands, compared to its average volume of 87,529. The firm’s 50-day simple moving average is $1.49 and its 200 day simple moving average is $1.52. The company has a debt-to-equity ratio of 0.09, a quick ratio of 1.10 and a current ratio of 1.10. Synacor has a 12-month low of $1.28 and a 12-month high of $1.94.

Synacor (NASDAQ:SYNC) last announced its earnings results on Wednesday, August 7th. The information services provider reported ($0.05) earnings per share for the quarter. The company had revenue of $31.85 million for the quarter. Synacor had a negative net margin of 5.28% and a negative return on equity of 10.63%.

About Synacor

Synacor, Inc operates as a technology development, multiplatform services, and revenue partner for video, Internet, and communications providers; and device manufacturers, governments, and enterprises in the United States and internationally. It enables its customers to provide their consumers engaging, multiscreen experiences with products that require scale, and actionable data and implementation.

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