BMO Capital Markets Reiterates “Market Perform” Rating for Synacor (SYNC)
Synacor (NASDAQ:SYNC)‘s stock had its “market perform” rating reaffirmed by BMO Capital Markets in a research note issued on Wednesday, Stock Ratings Network reports. They currently have a $3.00 price target on the stock, down from their previous price target of $3.50. BMO Capital Markets’ price target would suggest a potential upside of 32.45% from the company’s current price.
Separately, 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.
Shares of Synacor (NASDAQ:SYNC) opened at 2.265 on Wednesday. Synacor has a 52 week low of $2.13 and a 52 week high of $4.08. The stock has a 50-day moving average of $2.44 and a 200-day moving average of $2.5. The company’s market cap is $62.2 million.
Synacor (NASDAQ:SYNC) last issued its quarterly earnings data on Tuesday, May 13th. The company reported ($0.05) EPS for the quarter, meeting the Thomson Reuters consensus estimate of ($0.05). The company had revenue of $25.20 million for the quarter, compared to the consensus estimate of $24.55 million. During the same quarter in the prior year, the company posted $0.02 earnings per share. The company’s quarterly revenue was down 13.4% on a year-over-year basis. On average, analysts predict that Synacor will post $-0.13 earnings per share 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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