Synacor’s (SYNC) Hold Rating Reaffirmed at Needham & Company LLC

Share on StockTwits

Synacor (NASDAQ:SYNC)‘s stock had its “hold” rating reissued by Needham & Company LLC in a report issued on Thursday, AnalystRatings.com reports.

Several other research analysts have also recently weighed in on the stock. ValuEngine raised shares of Synacor from a “hold” rating to a “buy” rating in a research report on Thursday, August 1st. Craig Hallum cut shares of Synacor to a “hold” rating in a research report on Friday, August 9th.

Shares of NASDAQ:SYNC traded up $0.04 during trading on Thursday, hitting $1.52. 47,400 shares of the stock traded hands, compared to its average volume of 87,529. Synacor has a 52-week low of $1.28 and a 52-week high of $1.94. The company has a debt-to-equity ratio of 0.09, a current ratio of 1.10 and a quick ratio of 1.10. The company has a fifty day moving average price of $1.49 and a two-hundred day moving average price of $1.52.

Synacor (NASDAQ:SYNC) last announced its quarterly earnings results on Wednesday, August 7th. The information services provider reported ($0.05) earnings per share for the quarter. The firm had revenue of $31.85 million for the quarter. Synacor had a negative net margin of 5.28% and a negative return on equity of 10.63%.

Several hedge funds have recently made changes to their positions in the company. Dalton Greiner Hartman Maher & Co. acquired a new position in shares of Synacor during the 3rd quarter valued at about $202,000. Raffles Associates LP boosted its position in shares of Synacor by 93.4% during the 2nd quarter. Raffles Associates LP now owns 310,539 shares of the information services provider’s stock valued at $484,000 after acquiring an additional 150,000 shares during the last quarter. Renaissance Technologies LLC boosted its position in shares of Synacor by 6.3% during the 2nd quarter. Renaissance Technologies LLC now owns 1,613,711 shares of the information services provider’s stock valued at $2,517,000 after acquiring an additional 95,611 shares during the last quarter. Acadian Asset Management LLC boosted its position in shares of Synacor by 809.3% during the 2nd quarter. Acadian Asset Management LLC now owns 48,918 shares of the information services provider’s stock valued at $76,000 after acquiring an additional 43,538 shares during the last quarter. Finally, Emancipation Management LLC boosted its position in shares of Synacor by 129.1% during the 2nd quarter. Emancipation Management LLC now owns 987,526 shares of the information services provider’s stock valued at $1,541,000 after acquiring an additional 556,522 shares during the last quarter. 27.98% of the stock is currently owned by hedge funds and other institutional investors.

Synacor Company Profile

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.

Featured Story: Most Active Stocks

Receive News & Ratings for Synacor Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Synacor and related companies with MarketBeat.com's FREE daily email newsletter.



Latest News

HomeStreet  Rating Increased to B at TheStreet
HomeStreet Rating Increased to B at TheStreet
Synacor’s  Hold Rating Reaffirmed at Needham & Company LLC
Synacor’s Hold Rating Reaffirmed at Needham & Company LLC
Otonomy  Upgraded by Zacks Investment Research to Strong-Buy
Otonomy Upgraded by Zacks Investment Research to Strong-Buy
Copart  Rating Lowered to Sell at BidaskClub
Copart Rating Lowered to Sell at BidaskClub
Zacks: Analysts Anticipate First Bancorp  Will Post Quarterly Sales of $70.13 Million
Zacks: Analysts Anticipate First Bancorp Will Post Quarterly Sales of $70.13 Million
Pacira Biosciences  Releases Quarterly  Earnings Results
Pacira Biosciences Releases Quarterly Earnings Results


© 2006-2019 Ticker Report