Synchronoss Technologies President Robert Garcia Sells 10,057 Shares (SNCR)
Synchronoss Technologies (NASDAQ:SNCR) President Robert Garcia sold 10,057 shares of Synchronoss Technologies stock on the open market in a transaction that occurred on Tuesday, July 15th. The stock was sold at an average price of $33.97, for a total transaction of $341,636.29. Following the completion of the sale, the president now directly owns 88,508 shares of the company’s stock, valued at approximately $3,006,617. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link.
A number of analysts have recently weighed in on SNCR shares. Analysts at Zacks downgraded shares of Synchronoss Technologies from an “outperform” rating to a “neutral” rating in a research note on Tuesday, July 1st. They now have a $37.40 price target on the stock. Finally, analysts at Raymond James upgraded shares of Synchronoss Technologies from an “outperform” rating to a “strong-buy” rating in a research note on Thursday, May 1st. They now have a $40.00 price target on the stock, up previously from $39.00. Three research analysts have rated the stock with a hold rating, seven have issued a buy rating and two have assigned a strong buy rating to the stock. Synchronoss Technologies presently has an average rating of “Buy” and a consensus target price of $40.67.
Synchronoss Technologies (NASDAQ:SNCR) traded down 0.23% on Wednesday, hitting $34.02. 246,928 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’s 50-day moving average is $33.37 and its 200-day moving average is $32.06. The company has a market cap of $1.360 billion and a price-to-earnings ratio of 45.11.
Synchronoss Technologies (NASDAQ:SNCR) last issued its quarterly earnings data on Wednesday, April 30th. The company reported $0.39 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.38 by $0.01. The company had revenue of $98.70 million for the quarter, compared to the consensus estimate of $97.00 million. During the same quarter in the previous year, the company posted $0.28 earnings per share. The company’s revenue for the quarter was up 25.8% on a year-over-year basis. On average, analysts predict that Synchronoss Technologies will post $1.66 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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