Synchronoss Technologies (NASDAQ:SNCR) Share Price Crosses Above 200 Day Moving Average – Time to Sell?

Synchronoss Technologies, Inc. (NASDAQ:SNCR)’s stock price passed above its 200-day moving average during trading on Monday . The stock has a 200-day moving average of $10.57 and traded as high as $12.85. Synchronoss Technologies shares last traded at $12.02, with a volume of 196,354 shares changing hands.

Analyst Upgrades and Downgrades

Separately, StockNews.com upgraded Synchronoss Technologies from a “hold” rating to a “buy” rating in a report on Friday, March 14th.

Synchronoss Technologies Price Performance

The company has a current ratio of 1.88, a quick ratio of 1.88 and a debt-to-equity ratio of 5.75. The company has a 50 day moving average of $10.02 and a 200-day moving average of $10.57. The firm has a market capitalization of $137.89 million, a P/E ratio of -3.09 and a beta of 2.05.

Synchronoss Technologies (NASDAQ:SNCR) last released its quarterly earnings results on Tuesday, March 11th. The software maker reported $0.85 earnings per share for the quarter, beating analysts’ consensus estimates of $0.10 by $0.75. Synchronoss Technologies had a negative net margin of 20.00% and a negative return on equity of 10.99%. The company had revenue of $44.21 million during the quarter, compared to the consensus estimate of $43.76 million. On average, sell-side analysts predict that Synchronoss Technologies, Inc. will post 0.1 EPS for the current year.

Insider Buying and Selling

In related news, CEO Jeffrey George Miller sold 17,389 shares of Synchronoss Technologies stock in a transaction on Thursday, February 13th. The stock was sold at an average price of $10.34, for a total transaction of $179,802.26. Following the sale, the chief executive officer now directly owns 336,232 shares in the company, valued at approximately $3,476,638.88. This trade represents a 4.92 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. 17.90% of the stock is currently owned by company insiders.

Institutional Investors Weigh In On Synchronoss Technologies

Several large investors have recently made changes to their positions in SNCR. Barclays PLC boosted its holdings in shares of Synchronoss Technologies by 603.6% in the 3rd quarter. Barclays PLC now owns 5,734 shares of the software maker’s stock worth $85,000 after buying an additional 4,919 shares during the last quarter. Occudo Quantitative Strategies LP purchased a new position in Synchronoss Technologies in the fourth quarter valued at about $98,000. American Century Companies Inc. bought a new position in shares of Synchronoss Technologies during the 4th quarter valued at approximately $103,000. XTX Topco Ltd purchased a new stake in shares of Synchronoss Technologies during the 3rd quarter worth approximately $237,000. Finally, Integrated Quantitative Investments LLC purchased a new stake in shares of Synchronoss Technologies during the 4th quarter worth approximately $158,000. 51.71% of the stock is owned by hedge funds and other institutional investors.

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.