Synacor Inc (NASDAQ:SYNC) has been assigned a consensus recommendation of “Hold” from the eight analysts that are covering the company, MarketBeat.com reports. One research analyst has rated the stock with a sell rating, three have assigned a hold rating and three have issued a buy rating on the company. The average 12 month target price among analysts that have updated their coverage on the stock in the last year is $5.00.
SYNC has been the subject of several analyst reports. Zacks Investment Research lowered shares of Synacor from a “hold” rating to a “sell” rating in a research report on Wednesday, November 1st. Canaccord Genuity reduced their target price on shares of Synacor from $6.00 to $5.00 and set a “buy” rating on the stock in a research report on Wednesday, November 15th. Finally, ValuEngine raised shares of Synacor from a “sell” rating to a “hold” rating in a research report on Friday, December 1st.
A number of hedge funds and other institutional investors have recently added to or reduced their stakes in the business. Northpointe Capital LLC grew its holdings in Synacor by 558.3% in the third quarter. Northpointe Capital LLC now owns 1,649,151 shares of the information services provider’s stock worth $4,453,000 after purchasing an additional 1,398,638 shares during the last quarter. Alyeska Investment Group L.P. lifted its stake in shares of Synacor by 1.8% during the third quarter. Alyeska Investment Group L.P. now owns 1,307,784 shares of the information services provider’s stock worth $3,531,000 after buying an additional 23,353 shares during the period. Vanguard Group Inc. lifted its stake in shares of Synacor by 4.1% during the second quarter. Vanguard Group Inc. now owns 706,887 shares of the information services provider’s stock worth $2,580,000 after buying an additional 27,763 shares during the period. EAM Investors LLC lifted its stake in shares of Synacor by 5.4% during the second quarter. EAM Investors LLC now owns 150,665 shares of the information services provider’s stock worth $550,000 after buying an additional 7,711 shares during the period. Finally, Goldman Sachs Group Inc. lifted its stake in shares of Synacor by 49.9% during the second quarter. Goldman Sachs Group Inc. now owns 133,078 shares of the information services provider’s stock worth $486,000 after buying an additional 44,319 shares during the period. 30.05% of the stock is currently owned by institutional investors and hedge funds.
Synacor (NASDAQ:SYNC) last announced its quarterly earnings results on Tuesday, November 14th. The information services provider reported ($0.02) EPS for the quarter. Synacor had a negative net margin of 9.87% and a negative return on equity of 31.12%. sell-side analysts forecast that Synacor will post -0.3 EPS for the current year.
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Synacor Company Profile
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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