Synchronoss Technologies EVP Ronald Prague Unloads 3,161 Shares (SNCR)
Synchronoss Technologies (NASDAQ:SNCR) EVP Ronald Prague sold 3,161 shares of the stock in a transaction that occurred on Wednesday, October 16th. The shares were sold at an average price of $36.93, for a total value of $116,735.73. Following the completion of the transaction, the executive vice president now directly owns 30,758 shares in the company, valued at approximately $1,135,893. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link.
SNCR has been the subject of a number of recent research reports. Analysts at Goldman Sachs Group Inc. reiterated a “hold” rating on shares of Synchronoss Technologies in a research note to investors on Wednesday. They now have a $37.00 price target on the stock. Separately, analysts at Wedbush raised their price target on shares of Synchronoss Technologies from $38.00 to $45.00 in a research note to investors on Wednesday. Finally, analysts at Pacific Crest raised their price target on shares of Synchronoss Technologies from $37.00 to $40.00 in a research note to investors on Wednesday, September 25th. They now have an “outperform” rating on the stock. Two research analysts have rated the stock with a hold rating, ten have given a buy rating and one has issued a strong buy rating to the stock. The company presently has an average rating of “Buy” and a consensus target price of $38.43.
Synchronoss Technologies (NASDAQ:SNCR) traded up 0.96% during mid-day trading on Friday, hitting $37.74. The stock had a trading volume of 373,012 shares. Synchronoss Technologies has a 52 week low of $17.08 and a 52 week high of $39.30. The stock has a 50-day moving average of $37.07 and a 200-day moving average of $32.35. The company has a market cap of $1.461 billion and a P/E ratio of 109.94.
Synchronoss Technologies (NASDAQ:SNCR) last posted its quarterly earnings results on Tuesday, July 30th. The company reported $0.31 EPS for the quarter, beating the Thomson Reuters consensus estimate of $0.29 by $0.02. The company had revenue of $83.80 million for the quarter, compared to the consensus estimate of $83.08 million. During the same quarter in the prior year, the company posted $0.29 earnings per share. The company’s quarterly revenue was up 25.1% on a year-over-year basis. On average, analysts predict that Synchronoss Technologies will post $1.34 earnings per share for the current fiscal year.
Synchronoss Technologies, Inc (NASDAQ:SNCR) is a provider of on-demand transaction management solutions.
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