Synacor (NASDAQ:SYNC) was upgraded by equities researchers at ValuEngine from a “sell” rating to a “hold” rating in a research report issued to clients and investors on Friday.

Several other research analysts also recently weighed in on SYNC. Craig Hallum downgraded shares of Synacor from a “buy” rating to a “hold” rating and increased their price target for the stock from $3.55 to $4.00 in a research report on Thursday, August 10th. Canaccord Genuity decreased 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, August 10th. Finally, Zacks Investment Research downgraded shares of Synacor from a “hold” rating to a “sell” rating in a research report on Thursday, October 5th. One research analyst has rated the stock with a sell rating, three have issued a hold rating and three have issued a buy rating to the company’s stock. The stock has a consensus rating of “Hold” and an average target price of $5.00.

Synacor (NASDAQ SYNC) traded up $0.05 on Friday, reaching $2.50. 91,810 shares of the company’s stock traded hands, compared to its average volume of 120,855. The company has a debt-to-equity ratio of 0.07, a quick ratio of 1.27 and a current ratio of 1.27. Synacor has a fifty-two week low of $1.96 and a fifty-two week high of $4.25.

Several hedge funds have recently made changes to their positions in SYNC. Dimensional Fund Advisors LP raised its position in shares of Synacor by 161.6% during the 3rd quarter. Dimensional Fund Advisors LP now owns 41,978 shares of the information services provider’s stock valued at $113,000 after purchasing an additional 25,929 shares during the period. Bank of New York Mellon Corp raised its position in shares of Synacor by 0.9% during the 1st quarter. Bank of New York Mellon Corp now owns 47,048 shares of the information services provider’s stock valued at $195,000 after purchasing an additional 400 shares during the period. Cowen Prime Services LLC raised its position in shares of Synacor by 67.0% during the 2nd quarter. Cowen Prime Services LLC now owns 58,525 shares of the information services provider’s stock valued at $214,000 after purchasing an additional 23,472 shares during the period. Northern Trust Corp raised its position in shares of Synacor by 27.5% during the 2nd quarter. Northern Trust Corp now owns 59,744 shares of the information services provider’s stock valued at $218,000 after purchasing an additional 12,875 shares during the period. Finally, Prudential Financial Inc. bought a new stake in shares of Synacor during the 2nd quarter valued at $274,000. Hedge funds and other institutional investors own 30.05% of the company’s stock.

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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.

To view ValuEngine’s full report, visit ValuEngine’s official website.

Analyst Recommendations for Synacor (NASDAQ:SYNC)

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