Insider Selling: George Chamoun Sells 5,000 Shares of Synacor Stock (SYNC)
Synacor (NASDAQ:SYNC) EVP George Chamoun unloaded 5,000 shares of Synacor stock in a transaction dated Tuesday, April 15th. The stock was sold at an average price of $2.54, for a total value of $12,700.00. Following the completion of the transaction, the executive vice president now directly owns 307,501 shares of the company’s stock, valued at approximately $781,053. The sale was disclosed in a legal filing with the SEC, which is available at this link.
A number of analysts have recently weighed in on SYNC shares. Analysts at Bank of America reiterated an “underperform” rating on shares of Synacor in a research note on Thursday, March 6th. They now have a $2.50 price target on the stock, down previously from $3.00. Analysts at BMO Capital Markets cut their price target on shares of Synacor from $4.00 to $3.50 in a research note on Thursday, March 6th.
Shares of Synacor (NASDAQ:SYNC) traded up 1.59% on Thursday, hitting $2.55. The stock had a trading volume of 15,388 shares. Synacor has a 52 week low of $2.13 and a 52 week high of $4.17. The stock has a 50-day moving average of $2.5 and a 200-day moving average of $2.55. The company’s market cap is $70.0 million.
Synacor (NASDAQ:SYNC) last issued its quarterly earnings data on Wednesday, March 5th. The company reported $0.01 EPS for the quarter, beating the Thomson Reuters consensus estimate of ($0.01) by $0.02. The company had revenue of $29.40 million for the quarter, compared to the consensus estimate of $28.51 million. During the same quarter in the previous year, the company posted $0.03 earnings per share. The company’s revenue for the quarter was down 8.7% on a year-over-year basis. Analysts expect that Synacor will post $-0.13 EPS for the current fiscal year.
Synacor, Inc (NASDAQ:SYNC) is a provider of solutions for delivery of online content and services.
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