Rosenblatt Securities reissued their neutral rating on shares of Synacor (NASDAQ:SYNC) in a research note issued to investors on Friday morning, Marketbeat Ratings reports.
Other analysts have also recently issued research reports about the stock. UBS Group cut shares of Synacor from a buy rating to a neutral rating in a report on Friday. Zacks Investment Research cut shares of Synacor from a buy rating to a hold rating in a research note on Thursday, July 26th. Finally, ValuEngine upgraded shares of Synacor from a hold rating to a buy rating in a research note on Thursday, November 1st. Four investment analysts have rated the stock with a hold rating and one has issued a buy rating to the company. The company currently has an average rating of Hold and an average target price of $3.50.
Shares of SYNC stock traded down $0.17 during mid-day trading on Friday, reaching $1.59. 410,260 shares of the company’s stock traded hands, compared to its average volume of 79,551. Synacor has a 12 month low of $1.35 and a 12 month high of $2.70. The company has a debt-to-equity ratio of 0.04, a quick ratio of 1.28 and a current ratio of 1.28.
A number of institutional investors have recently made changes to their positions in SYNC. NJ State Employees Deferred Compensation Plan bought a new position in Synacor in the 2nd quarter worth about $380,000. Cowen Prime Services LLC boosted its stake in Synacor by 47.7% in the 2nd quarter. Cowen Prime Services LLC now owns 309,851 shares of the information services provider’s stock worth $620,000 after purchasing an additional 100,094 shares in the last quarter. Raffles Associates LP bought a new position in Synacor in the 2nd quarter worth about $160,000. Finally, Renaissance Technologies LLC boosted its stake in Synacor by 5.8% in the 2nd quarter. Renaissance Technologies LLC now owns 1,379,300 shares of the information services provider’s stock worth $2,759,000 after purchasing an additional 75,700 shares in the last quarter. Institutional investors own 26.57% of the company’s stock.
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. It enables its customers to provide their consumers engaging, multiscreen experiences with products that require scale, and actionable data and implementation.
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.