Share on StockTwits

Synchronoss Technologies (NASDAQ:SNCR) CEO Stephen G. Waldis sold 17,773 shares of the stock in a transaction that occurred on Wednesday, April 16th. The shares were sold at an average price of $30.83, for a total transaction of $547,941.59. Following the completion of the sale, the chief executive officer now directly owns 619,481 shares of the company’s stock, valued at approximately $19,098,599. 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 Raymond James downgraded shares of Synchronoss Technologies from a “strong-buy” rating to an “outperform” rating in a research note on Thursday, March 20th. They now have a $39.00 price target on the stock. Separately, analysts at Zacks upgraded shares of Synchronoss Technologies from an “underperform” rating to a “neutral” rating in a research note on Monday, February 10th. They now have a $33.00 price target on the stock. Finally, analysts at TheStreet upgraded shares of Synchronoss Technologies from a “hold” rating to a “buy” rating in a research note on Friday, February 7th. Three analysts have rated the stock with a hold rating, eight have given a buy rating and one has issued a strong buy rating to the company’s stock. The stock currently has an average rating of “Buy” and a consensus target price of $40.18.

Shares of Synchronoss Technologies (NASDAQ:SNCR) traded up 2.56% on Friday, hitting $32.05. 350,482 shares of the company’s stock traded hands. Synchronoss Technologies has a 52 week low of $25.28 and a 52 week high of $39.30. The stock has a 50-day moving average of $33.70 and a 200-day moving average of $32.84. The company has a market cap of $1.267 billion and a P/E ratio of 53.88.

Synchronoss Technologies (NASDAQ:SNCR) last announced its earnings results on Wednesday, February 5th. The company reported $0.41 earnings per share for the quarter, beating the analysts’ consensus estimate of $0.40 by $0.01. The company had revenue of $97.60 million for the quarter, compared to the consensus estimate of $95.60 million. During the same quarter last year, the company posted $0.29 earnings per share. Synchronoss Technologies’s revenue was up 32.2% compared to the same quarter last year. On average, analysts predict that Synchronoss Technologies will post $1.64 earnings per share for the current fiscal year.

Synchronoss Technologies, Inc (NASDAQ:SNCR) is a provider of on-demand transaction management solutions.

Get Analysts' Upgrades and Downgrades via Email - Stay on top of analysts' coverage with Analyst Ratings Network's FREE daily email newsletter that provides a concise list of analysts' upgrades and downgrades. Click here to register now.