Zacks Research Upgrades Synergy CHC (NASDAQ:SNYR) to “Hold”

Synergy CHC (NASDAQ:SNYR) was upgraded by analysts at Zacks Research from a “strong sell” rating to a “hold” rating in a research report issued on Monday,Zacks.com reports.

Other equities analysts also recently issued research reports about the company. Ascendiant Capital Markets lifted their price objective on Synergy CHC from $5.00 to $5.50 and gave the company a “buy” rating in a research report on Tuesday, April 14th. Weiss Ratings upgraded Synergy CHC from a “sell (e+)” rating to a “sell (d-)” rating in a research note on Monday, June 29th. Two equities research analysts have rated the stock with a Buy rating, one has issued a Hold rating and one has assigned a Sell rating to the stock. According to data from MarketBeat, Synergy CHC presently has an average rating of “Hold” and a consensus target price of $6.25.

Synergy CHC Trading Up 0.8%

Shares of Synergy CHC stock opened at $0.17 on Monday. The stock has a market capitalization of $2.51 million, a price-to-earnings ratio of -0.12 and a beta of -0.14. The firm’s 50-day moving average price is $0.20 and its two-hundred day moving average price is $0.71. Synergy CHC has a 1-year low of $0.16 and a 1-year high of $3.99.

Synergy CHC (NASDAQ:SNYR) last posted its earnings results on Thursday, May 14th. The company reported ($0.23) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.03 by ($0.26). The firm had revenue of $5.49 million for the quarter. As a group, equities research analysts predict that Synergy CHC will post -0.19 EPS for the current year.

Institutional Trading of Synergy CHC

Several hedge funds have recently modified their holdings of SNYR. Geode Capital Management LLC acquired a new stake in shares of Synergy CHC in the second quarter valued at approximately $29,000. DRW Securities LLC bought a new position in Synergy CHC in the 4th quarter worth approximately $36,000. Virtu Financial LLC acquired a new position in Synergy CHC during the 3rd quarter worth $38,000. Finally, XTX Topco Ltd acquired a new position in Synergy CHC during the 2nd quarter worth $57,000.

About Synergy CHC

Synergy CHC Corp. engages in the marketing and distribution of branded health and wellness products. The company was founded on December 29, 2010 and is headquartered in Westbrook, ME.