Synacor (NASDAQ:SYNC) Upgraded by Craig Hallum to Buy

Synacor (NASDAQ:SYNC) was upgraded by Craig Hallum from a “hold” rating to a “buy” rating in a research report issued on Friday, The Fly reports.

Separately, ValuEngine downgraded Zosano Pharma from a “buy” rating to a “hold” rating in a research report on Wednesday, May 1st. One research analyst has rated the stock with a sell rating, three have issued a hold rating and one has assigned a buy rating to the company’s stock. The stock presently has a consensus rating of “Hold”.

NASDAQ SYNC opened at $1.52 on Friday. The company has a debt-to-equity ratio of 0.11, a quick ratio of 1.11 and a current ratio of 1.11. The firm has a fifty day moving average price of $1.62. Synacor has a 1 year low of $1.40 and a 1 year high of $2.50. The firm has a market cap of $61.29 million, a P/E ratio of -11.69 and a beta of 0.11.

Synacor (NASDAQ:SYNC) last released its earnings results on Wednesday, May 8th. The information services provider reported ($0.03) earnings per share (EPS) for the quarter. The firm had revenue of $31.82 million during the quarter. Synacor had a negative net margin of 5.20% and a negative return on equity of 11.02%. As a group, sell-side analysts predict that Synacor will post -0.02 earnings per share for the current year.

A number of institutional investors and hedge funds have recently made changes to their positions in SYNC. Punch & Associates Investment Management Inc. boosted its stake in shares of Synacor by 28.0% during the 1st quarter. Punch & Associates Investment Management Inc. now owns 160,000 shares of the information services provider’s stock worth $251,000 after acquiring an additional 35,000 shares in the last quarter. Emancipation Management LLC boosted its stake in shares of Synacor by 2.1% during the 4th quarter. Emancipation Management LLC now owns 626,808 shares of the information services provider’s stock worth $928,000 after acquiring an additional 12,700 shares in the last quarter. NJ State Employees Deferred Compensation Plan boosted its stake in shares of Synacor by 4.8% during the 1st quarter. NJ State Employees Deferred Compensation Plan now owns 220,000 shares of the information services provider’s stock worth $345,000 after acquiring an additional 10,000 shares in the last quarter. Finally, Nations Financial Group Inc. IA ADV boosted its stake in shares of Synacor by 62.5% during the 1st quarter. Nations Financial Group Inc. IA ADV now owns 19,500 shares of the information services provider’s stock worth $31,000 after acquiring an additional 7,500 shares in the last quarter. 26.50% of the stock is currently owned by institutional investors.

About Synacor

Synacor, Inc operates as a technology development, multiplatform services, and revenue partner for video, Internet, and communications providers; and device manufacturers, governments, and enterprises in the United States and internationally. It enables its customers to provide their consumers engaging, multiscreen experiences with products that require scale, and actionable data and implementation.

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