Synchronoss Technologies (NASDAQ:SNCR) Stock Crosses Above Two Hundred Day Moving Average of $6.48

Shares of Synchronoss Technologies, Inc. (NASDAQ:SNCR) passed above its two hundred day moving average during trading on Monday . The stock has a two hundred day moving average of $6.48 and traded as high as $6.59. Synchronoss Technologies shares last traded at $6.55, with a volume of 29,705 shares trading hands.

Synchronoss Technologies Trading Up 0.2 %

The firm has a fifty day moving average of $8.63 and a 200 day moving average of $6.48. The firm has a market capitalization of $67.53 million, a PE ratio of -0.99 and a beta of 1.66. The company has a debt-to-equity ratio of 5.11, a quick ratio of 1.72 and a current ratio of 1.72.

Synchronoss Technologies (NASDAQ:SNCR) last posted its quarterly earnings data on Tuesday, March 12th. The software maker reported ($0.90) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of ($0.19) by ($0.71). The firm had revenue of $41.40 million for the quarter, compared to analysts’ expectations of $43.76 million. Synchronoss Technologies had a negative net margin of 25.43% and a negative return on equity of 17.99%. Equities research analysts expect that Synchronoss Technologies, Inc. will post -2.06 EPS for the current year.

Insiders Place Their Bets

In other Synchronoss Technologies news, Director Kevin Rendino bought 5,000 shares of the stock in a transaction dated Thursday, February 22nd. The stock was bought at an average cost of $9.30 per share, for a total transaction of $46,500.00. Following the completion of the purchase, the director now directly owns 888,892 shares of the company’s stock, valued at $8,266,695.60. The acquisition was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. In other Synchronoss Technologies news, Director Kevin Rendino acquired 5,000 shares of the stock in a transaction on Thursday, February 22nd. The stock was purchased at an average price of $9.30 per share, for a total transaction of $46,500.00. Following the purchase, the director now directly owns 888,892 shares in the company, valued at $8,266,695.60. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. Also, EVP Patrick Joseph Doran sold 2,750 shares of Synchronoss Technologies stock in a transaction that occurred on Tuesday, March 5th. The stock was sold at an average price of $9.33, for a total value of $25,657.50. Following the sale, the executive vice president now owns 69,308 shares in the company, valued at $646,643.64. The disclosure for this sale can be found here. Insiders have sold 7,490 shares of company stock worth $59,307 in the last quarter. 6.90% of the stock is owned by corporate insiders.

Institutional Inflows and Outflows

Hedge funds have recently added to or reduced their stakes in the stock. AWM Investment Company Inc. raised its stake in shares of Synchronoss Technologies by 24.1% in the 3rd quarter. AWM Investment Company Inc. now owns 4,403,591 shares of the software maker’s stock valued at $4,227,000 after purchasing an additional 854,411 shares in the last quarter. Bouvel Investment Partners LLC increased its holdings in Synchronoss Technologies by 3.4% in the first quarter. Bouvel Investment Partners LLC now owns 76,847 shares of the software maker’s stock valued at $642,000 after buying an additional 2,518 shares during the last quarter. Victory Capital Management Inc. acquired a new stake in Synchronoss Technologies during the fourth quarter valued at approximately $89,000. Finally, First Personal Financial Services bought a new position in Synchronoss Technologies during the 4th quarter worth approximately $25,000. 51.71% of the stock is owned by institutional investors and hedge funds.

Synchronoss Technologies Company Profile

Synchronoss Technologies, Inc provides cloud, messaging, digital, and network management solutions in the Americas, Europe, the Middle East, Africa, and the Asia Pacific. The company offers Synchronoss Personal Cloud platform that allows customers' subscribers to backup and protect, engage with, and manage their personal content.