Synacor Inc (SYNC) Given Average Recommendation of “Hold” by Analysts

Shares of Synacor Inc (NASDAQ:SYNC) have earned a consensus recommendation of “Hold” from the seven ratings firms that are covering the firm, MarketBeat Ratings reports. Two investment analysts have rated the stock with a sell recommendation, two have given a hold recommendation and two have issued a buy recommendation on the company. The average 12 month price objective among analysts that have covered the stock in the last year is $4.83.

SYNC has been the subject of a number of recent analyst reports. Zacks Investment Research upgraded shares of Synacor from a “sell” rating to a “hold” rating in a research note on Wednesday, October 18th. Canaccord Genuity reduced their price target on shares of Synacor from $6.00 to $5.00 and set a “buy” rating for the company 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.

Shares of Synacor (SYNC) opened at $2.27 on Wednesday. The company has a market cap of $85.11, a P/E ratio of -5.82 and a beta of 0.44. The company has a debt-to-equity ratio of 0.07, a current ratio of 1.27 and a quick ratio of 1.27. Synacor has a 12 month low of $1.85 and a 12 month high of $4.25.

Synacor (NASDAQ:SYNC) last released its earnings results on Tuesday, November 14th. The information services provider reported ($0.02) EPS for the quarter. The company had revenue of $36.27 million during the quarter. Synacor had a negative return on equity of 31.12% and a negative net margin of 9.87%. analysts anticipate that Synacor will post -0.3 earnings per share for the current fiscal year.

Institutional investors and hedge funds have recently bought and sold shares of the business. Goldman Sachs Group Inc. raised its position in Synacor by 49.9% during the 2nd 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 last quarter. Northpointe Capital LLC raised its position in Synacor by 558.3% during the 3rd quarter. Northpointe Capital LLC now owns 1,649,151 shares of the information services provider’s stock worth $4,453,000 after buying an additional 1,398,638 shares during the last quarter. Cowen Prime Services LLC raised its position in Synacor by 171.7% during the 4th quarter. Cowen Prime Services LLC now owns 147,673 shares of the information services provider’s stock worth $340,000 after buying an additional 93,328 shares during the last quarter. Prudential Financial Inc. raised its position in Synacor by 39.0% during the 3rd quarter. Prudential Financial Inc. now owns 104,400 shares of the information services provider’s stock worth $282,000 after buying an additional 29,300 shares during the last quarter. Finally, Vanguard Group Inc. raised its position in Synacor by 4.1% during the 2nd 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 last quarter. 30.23% of the stock is owned by institutional investors.

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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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