Insider Selling: Ronald Frankel Sells 11,500 Shares of Synacor Stock (SYNC)
Synacor (NASDAQ:SYNC) CEO Ronald Frankel sold 11,500 shares of the company’s stock in a transaction dated Thursday, October 10th. The shares were sold at an average price of $2.37, for a total transaction of $27,255.00. Following the transaction, the chief executive officer now directly owns 1,154,218 shares of the company’s stock, valued at approximately $2,735,497. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link.
Synacor (NASDAQ:SYNC) traded down 0.42% during mid-day trading on Tuesday, hitting $2.37. 60,861 shares of the company’s stock traded hands. Synacor has a 1-year low of $2.34 and a 1-year high of $7.10. The stock’s 50-day moving average is $2.6 and its 200-day moving average is $3.03. The company has a market cap of $64.8 million and a P/E ratio of 76.77.
Synacor (NASDAQ:SYNC) last released its earnings data on Tuesday, August 6th. The company reported ($0.02) earnings per share (EPS) for the quarter, meeting the consensus estimate of ($0.02). The company had revenue of $26.70 million for the quarter, compared to the consensus estimate of $27.08 million. During the same quarter in the previous year, the company posted $0.04 earnings per share. The company’s revenue for the quarter was down 13.3% on a year-over-year basis. Analysts expect that Synacor will post $-0.09 EPS for the current fiscal year.
A number of analysts have recently weighed in on SYNC shares. Analysts at BMO Capital Markets reiterated a “hold” rating on shares of Synacor in a research note to investors on Thursday, August 22nd. They now have a $4.00 price target on the stock. Separately, analysts at Albert Fried & Company cut their price target on shares of Synacor from $7.00 to $6.00 in a research note to investors on Thursday, August 22nd.
Synacor, Inc (NASDAQ:SYNC) is a provider of solutions for delivery of online content and services.
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