Synacor (SYNC) Announces Earnings Results

Synacor (NASDAQ:SYNC) issued its quarterly earnings results on Thursday. The information services provider reported $0.00 earnings per share (EPS) for the quarter, missing the Zacks’ consensus estimate of $0.02 by ($0.02), Yahoo Finance Previews reports. Synacor had a negative return on equity of 31.12% and a negative net margin of 9.87%.

Shares of Synacor (SYNC) opened at $1.90 on Friday. The company has a debt-to-equity ratio of 0.07, a quick ratio of 1.27 and a current ratio of 1.27. Synacor has a one year low of $1.85 and a one year high of $4.25. The firm has a market cap of $79.31, a P/E ratio of -5.26 and a beta of 0.41.

An institutional investor recently raised its position in Synacor stock. Northern Trust Corp increased its position in shares of Synacor Inc (NASDAQ:SYNC) by 27.5% during the second quarter, according to its most recent Form 13F filing with the SEC. The firm owned 59,744 shares of the information services provider’s stock after buying an additional 12,875 shares during the period. Northern Trust Corp owned about 0.16% of Synacor worth $218,000 at the end of the most recent reporting period. Institutional investors own 30.52% of the company’s stock.

A number of analysts have issued reports on the stock. Zacks Investment Research upgraded shares of Synacor from a “sell” rating to a “hold” rating in a research note on Tuesday, December 26th. ValuEngine lowered shares of Synacor from a “hold” rating to a “sell” rating in a research note on Monday, December 11th. Finally, Canaccord Genuity lowered shares of Synacor from a “buy” rating to a “hold” rating and set a $5.00 price target on the stock. in a research note on Friday. One equities research analyst has rated the stock with a sell rating, four have given a hold rating and one has assigned a buy rating to the stock. The company currently has a consensus rating of “Hold” and a consensus target price of $4.83.

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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.

Earnings History for Synacor (NASDAQ:SYNC)

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