Synacor, Inc. (NASDAQ:SYNC) CFO William John Stuart purchased 10,000 shares of Synacor stock in a transaction on Monday, August 14th. The stock was purchased at an average price of $2.50 per share, for a total transaction of $25,000.00. Following the completion of the transaction, the chief financial officer now owns 30,000 shares of the company’s stock, valued at $75,000. The purchase was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink.

Shares of Synacor, Inc. (NASDAQ SYNC) traded up 4.08% during trading on Monday, hitting $2.55. 539,123 shares of the stock were exchanged. The firm’s market capitalization is $96.95 million. The firm has a 50 day moving average price of $3.58 and a 200 day moving average price of $3.47. Synacor, Inc. has a 52 week low of $2.35 and a 52 week high of $4.25.

Synacor (NASDAQ:SYNC) last released its earnings results on Wednesday, August 9th. The information services provider reported ($0.09) EPS for the quarter, beating the consensus estimate of ($0.11) by $0.02. Synacor had a negative net margin of 13.14% and a negative return on equity of 42.68%. The firm had revenue of $31.22 million for the quarter, compared to analyst estimates of $29.43 million. The firm’s quarterly revenue was up 2.4% on a year-over-year basis. Analysts forecast that Synacor, Inc. will post ($0.32) EPS for the current fiscal year.

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A number of institutional investors have recently added to or reduced their stakes in the stock. Cowen Prime Services LLC raised its position in Synacor by 52.7% in the first quarter. Cowen Prime Services LLC now owns 35,053 shares of the information services provider’s stock valued at $145,000 after buying an additional 12,100 shares in the last quarter. Bank of New York Mellon Corp raised its position in Synacor by 0.9% in the first quarter. Bank of New York Mellon Corp now owns 47,048 shares of the information services provider’s stock valued at $195,000 after buying an additional 400 shares in the last quarter. Northern Trust Corp raised its position in Synacor by 27.5% in the second quarter. Northern Trust Corp now owns 59,744 shares of the information services provider’s stock valued at $218,000 after buying an additional 12,875 shares in the last quarter. Prudential Financial Inc. purchased a new position in Synacor during the second quarter valued at approximately $274,000. Finally, Acadian Asset Management LLC increased its stake in Synacor by 9.7% in the second quarter. Acadian Asset Management LLC now owns 85,433 shares of the information services provider’s stock worth $312,000 after buying an additional 7,576 shares during the last quarter. 16.20% of the stock is currently owned by hedge funds and other institutional investors.

A number of equities analysts have commented on the stock. Canaccord Genuity reduced their price target on shares of Synacor from $8.00 to $6.00 and set a “buy” rating on the stock in a research report on Thursday. ValuEngine upgraded shares of Synacor from a “sell” rating to a “hold” rating in a research report on Tuesday, July 25th. Rosenblatt Securities restated a “buy” rating and issued a $5.50 price target on shares of Synacor in a research report on Monday, June 12th. Zacks Investment Research lowered shares of Synacor from a “buy” rating to a “hold” rating in a research report on Wednesday, May 17th. Finally, TheStreet lowered shares of Synacor from a “c-” rating to a “d” rating in a research report on Thursday, May 11th. One equities research analyst has rated the stock with a sell rating, three have assigned a hold rating and four have assigned a buy rating to the stock. The stock presently has an average rating of “Hold” and a consensus price target of $5.00.

About Synacor

Synacor, Inc is a technology development, multiplatform services and revenue partner for video, Internet and communications providers, device manufacturers and enterprises. The Company enables its customers to provide their consumers engaging, multiscreen experiences with products that require scale, actionable data and implementation.

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