Synacor (SYNC) Earning Somewhat Positive News Coverage, Study Shows

News coverage about Synacor (NASDAQ:SYNC) has trended somewhat positive recently, Accern Sentiment Analysis reports. The research firm ranks the sentiment of media coverage by monitoring more than 20 million blog and news sources. Accern ranks coverage of publicly-traded companies on a scale of negative one to one, with scores closest to one being the most favorable. Synacor earned a news sentiment score of 0.10 on Accern’s scale. Accern also assigned media headlines about the information services provider an impact score of 47.4167006582572 out of 100, meaning that recent media coverage is somewhat unlikely to have an effect on the company’s share price in the next few days.

These are some of the media headlines that may have effected Accern Sentiment’s scoring:

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A number of research firms have recently commented on SYNC. ValuEngine raised Synacor from a “sell” rating to a “hold” rating in a report on Friday, December 1st. Zacks Investment Research raised Synacor from a “sell” rating to a “hold” rating in a report on Tuesday, December 26th. Finally, Canaccord Genuity lowered Synacor from a “buy” rating to a “hold” rating and set a $5.00 price target for the company. in a report on Friday, March 16th. One analyst has rated the stock with a sell rating, three have assigned a hold rating and one has issued a buy rating to the company. The company has a consensus rating of “Hold” and a consensus target price of $4.83.

Synacor stock traded down $0.05 during trading on Friday, hitting $1.70. The stock had a trading volume of 95,789 shares, compared to its average volume of 146,134. Synacor has a 52-week low of $1.55 and a 52-week high of $4.25. The company has a quick ratio of 1.27, a current ratio of 1.25 and a debt-to-equity ratio of 0.06. The company has a market capitalization of $65.95, a price-to-earnings ratio of -5.86 and a beta of 0.41.

Synacor (NASDAQ:SYNC) last posted its quarterly earnings results on Thursday, March 15th. The information services provider reported $0.00 EPS for the quarter, missing the Zacks’ consensus estimate of $0.02 by ($0.02). Synacor had a negative return on equity of 22.69% and a negative net margin of 6.98%. The company had revenue of $46.00 million during the quarter, compared to the consensus estimate of $47.79 million. research analysts forecast that Synacor will post -0.11 earnings per share 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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