Synergy CHC Corp. (Uplisting)’s (NASDAQ:SNYR) Lock-Up Period To End Tomorrow

Synergy CHC Corp. (Uplisting)’s (NASDAQ:SNYR) lock-up period will end on Monday, April 21st. Synergy CHC Corp. (Uplisting) had issued 1,150,000 shares in its initial public offering on October 23rd. The total size of the offering was $10,350,000 based on an initial share price of $9.00. Shares of the company owned by major shareholders and company insiders will be eligible for trade following the expiration of the lock-up period.

Analysts Set New Price Targets

Several equities analysts have recently weighed in on SNYR shares. Roth Mkm initiated coverage on shares of Synergy CHC Corp. (Uplisting) in a research note on Tuesday, January 21st. They issued a “buy” rating and a $10.00 price objective on the stock. Roth Capital set a $10.00 target price on shares of Synergy CHC Corp. (Uplisting) in a report on Tuesday, January 21st.

Synergy CHC Corp. (Uplisting) Trading Down 0.4 %

NASDAQ SNYR opened at $2.49 on Friday. The business’s fifty day moving average is $3.04 and its 200 day moving average is $4.38. Synergy CHC Corp. has a fifty-two week low of $0.12 and a fifty-two week high of $10.00.

Synergy CHC Corp. (Uplisting) (NASDAQ:SNYR) last posted its quarterly earnings data on Monday, March 31st. The company reported $0.01 earnings per share for the quarter, missing analysts’ consensus estimates of $0.10 by ($0.09). The firm had revenue of $10.30 million during the quarter, compared to analysts’ expectations of $10.55 million. As a group, equities research analysts predict that Synergy CHC Corp. will post 0.36 earnings per share for the current fiscal year.

Hedge Funds Weigh In On Synergy CHC Corp. (Uplisting)

Several large investors have recently added to or reduced their stakes in SNYR. Global Retirement Partners LLC bought a new stake in shares of Synergy CHC Corp. (Uplisting) during the 4th quarter valued at $36,000. Sanders Morris Harris LLC increased its stake in Synergy CHC Corp. (Uplisting) by 3.4% in the 1st quarter. Sanders Morris Harris LLC now owns 391,485 shares of the company’s stock worth $920,000 after buying an additional 12,930 shares in the last quarter. Paloma Partners Management Co bought a new stake in Synergy CHC Corp. (Uplisting) during the fourth quarter valued at about $97,000. Finally, Gratia Capital LLC purchased a new position in shares of Synergy CHC Corp. (Uplisting) in the fourth quarter valued at about $466,000.

About Synergy CHC Corp. (Uplisting)

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.