Synchronoss Technologies, Inc. (NASDAQ:SNCR) has been given a consensus rating of “Hold” by the twelve analysts that are covering the firm, MarketBeat Ratings reports. Three research analysts have rated the stock with a sell rating, eight have assigned a hold rating and one has given a buy rating to the company. The average 12-month price objective among brokers that have issued a report on the stock in the last year is $13.50.
SNCR has been the topic of a number of research reports. Raymond James Financial downgraded Synchronoss Technologies from an “outperform” rating to an “underperform” rating and set a $18.00 price target on the stock. in a research note on Tuesday, September 19th. Citigroup boosted their price objective on Synchronoss Technologies to $10.00 and gave the stock a “hold” rating in a report on Wednesday, September 20th. Stifel Nicolaus reissued a “hold” rating and set a $10.00 price objective (down from $16.00) on shares of Synchronoss Technologies in a report on Wednesday, September 20th. Deutsche Bank reissued a “hold” rating and set a $10.00 price objective (down from $18.00) on shares of Synchronoss Technologies in a report on Wednesday, September 20th. Finally, Zacks Investment Research lowered Synchronoss Technologies from a “hold” rating to a “sell” rating in a report on Wednesday, October 25th.
Synchronoss Technologies (SNCR) traded down $0.06 during mid-day trading on Monday, reaching $8.94. The company had a trading volume of 1,037,600 shares, compared to its average volume of 1,462,625. Synchronoss Technologies has a fifty-two week low of $8.48 and a fifty-two week high of $40.28. The firm has a market cap of $417.35, a P/E ratio of -7.10 and a beta of 1.55.
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Synchronoss Technologies Company Profile
Synchronoss Technologies, Inc is a global software and services company, which provides technologies and services for the mobile transformation of business. The Company’s portfolio in the Consumer and Enterprise markets contains offerings, such as personal cloud, secure-mobility, identity management and scalable messaging platforms, products and solutions.
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