ValuEngine cut shares of Synacor (NASDAQ:SYNC) from a hold rating to a sell rating in a research note released on Monday.
A number of other analysts have also recently issued reports on SYNC. Zacks Investment Research raised Synacor from a sell rating to a hold rating in a report on Wednesday, October 18th. Canaccord Genuity dropped their price objective on Synacor from $6.00 to $5.00 and set a buy rating on the stock in a report on Wednesday, November 15th. Two research analysts have rated the stock with a sell rating, two have assigned a hold rating and three have issued a buy rating to the company. The company currently has a consensus rating of Hold and an average target price of $5.00.
Shares of Synacor (NASDAQ:SYNC) opened at $2.40 on Monday. The company has a debt-to-equity ratio of 0.07, a current ratio of 1.27 and a quick ratio of 1.27. Synacor has a 1-year low of $1.96 and a 1-year high of $4.25.
Several institutional investors have recently made changes to their positions in the company. Acadian Asset Management LLC grew its position in Synacor by 9.7% during the 2nd quarter. Acadian Asset Management LLC now owns 85,433 shares of the information services provider’s stock worth $312,000 after acquiring an additional 7,576 shares during the last quarter. Boston Partners bought a new position in Synacor during the 2nd quarter worth approximately $1,122,000. Northpointe Capital LLC bought a new position in Synacor during the 2nd quarter worth approximately $914,000. Prudential Financial Inc. bought a new position in Synacor during the 2nd quarter worth approximately $274,000. Finally, Cowen Prime Services LLC grew its position in Synacor by 67.0% during the 2nd quarter. Cowen Prime Services LLC now owns 58,525 shares of the information services provider’s stock worth $214,000 after acquiring an additional 23,472 shares during the last quarter. Hedge funds and other institutional investors own 30.05% of the company’s stock.
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.
Receive News & Ratings for Synacor Inc. Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Synacor Inc. and related companies with MarketBeat.com's FREE daily email newsletter.