Northland Capmk Brokers Lower Earnings Estimates for SNCR

Synchronoss Technologies, Inc. (NASDAQ:SNCR) – Stock analysts at Northland Capmk decreased their Q1 2025 EPS estimates for Synchronoss Technologies in a report released on Wednesday, March 12th. Northland Capmk analyst M. Latimore now expects that the software maker will post earnings per share of $0.25 for the quarter, down from their previous forecast of $0.31. The consensus estimate for Synchronoss Technologies’ current full-year earnings is $0.10 per share. Northland Capmk also issued estimates for Synchronoss Technologies’ Q2 2025 earnings at $0.41 EPS, Q3 2025 earnings at $0.44 EPS, Q4 2025 earnings at $0.45 EPS and FY2025 earnings at $1.54 EPS.

Synchronoss Technologies (NASDAQ:SNCR) last posted its earnings results on Tuesday, March 11th. The software maker reported $0.85 earnings per share for the quarter, topping the consensus estimate of $0.10 by $0.75. The firm had revenue of $44.21 million during the quarter, compared to the consensus estimate of $43.76 million. Synchronoss Technologies had a negative net margin of 20.00% and a negative return on equity of 10.99%.

A number of other research firms have also commented on SNCR. Roth Mkm upgraded shares of Synchronoss Technologies from a “neutral” rating to a “buy” rating and raised their price objective for the company from $11.00 to $13.00 in a research report on Monday, November 25th. StockNews.com upgraded shares of Synchronoss Technologies from a “hold” rating to a “buy” rating in a research report on Friday, March 14th. Finally, Roth Capital upgraded shares of Synchronoss Technologies from a “hold” rating to a “strong-buy” rating in a research report on Monday, November 25th.

Synchronoss Technologies Price Performance

SNCR stock opened at $12.31 on Monday. The firm has a 50 day moving average of $9.60 and a 200-day moving average of $10.63. The company has a current ratio of 1.88, a quick ratio of 1.88 and a debt-to-equity ratio of 5.75. Synchronoss Technologies has a 12 month low of $6.02 and a 12 month high of $15.46. The firm has a market capitalization of $141.45 million, a P/E ratio of -3.17 and a beta of 2.05.

Institutional Investors Weigh In On Synchronoss Technologies

Several hedge funds have recently bought and sold shares of the stock. Geode Capital Management LLC lifted its position in Synchronoss Technologies by 1.8% during the fourth quarter. Geode Capital Management LLC now owns 106,408 shares of the software maker’s stock valued at $1,022,000 after purchasing an additional 1,851 shares during the last quarter. State Street Corp raised its stake in shares of Synchronoss Technologies by 12.9% during the third quarter. State Street Corp now owns 35,075 shares of the software maker’s stock worth $522,000 after acquiring an additional 4,000 shares in the last quarter. Barclays PLC raised its stake in shares of Synchronoss Technologies by 603.6% during the third quarter. Barclays PLC now owns 5,734 shares of the software maker’s stock worth $85,000 after acquiring an additional 4,919 shares in the last quarter. Arrowstreet Capital Limited Partnership raised its stake in shares of Synchronoss Technologies by 9.8% during the fourth quarter. Arrowstreet Capital Limited Partnership now owns 80,633 shares of the software maker’s stock worth $774,000 after acquiring an additional 7,171 shares in the last quarter. Finally, Occudo Quantitative Strategies LP purchased a new position in shares of Synchronoss Technologies during the fourth quarter worth approximately $98,000. 51.71% of the stock is currently owned by institutional investors.

Insider Buying and Selling at Synchronoss Technologies

In other Synchronoss Technologies news, CEO Jeffrey George Miller sold 17,389 shares of Synchronoss Technologies stock in a transaction that occurred on Thursday, February 13th. The shares were sold at an average price of $10.34, for a total transaction of $179,802.26. Following the completion of the sale, the chief executive officer now directly owns 336,232 shares in the company, valued at $3,476,638.88. The trade was a 4.92 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. 17.90% of the stock is currently owned by company insiders.

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.