Shares of Synacor Inc (NASDAQ:SYNC) have received a consensus recommendation of “Hold” from the eight brokerages that are covering the company, MarketBeat.com reports. One equities research analyst has rated the stock with a sell rating, three have issued a hold rating and three have issued a buy rating on the company. The average twelve-month price target among brokerages that have updated their coverage on the stock in the last year is $5.00.

A number of brokerages have weighed in on SYNC. Zacks Investment Research upgraded shares of Synacor from a “sell” rating to a “hold” rating in a research report on Tuesday, December 26th. ValuEngine downgraded shares of Synacor from a “hold” rating to a “sell” rating in a research report on Monday, December 11th. Finally, Canaccord Genuity decreased their price objective on shares of Synacor from $6.00 to $5.00 and set a “buy” rating for the company in a research report on Wednesday, November 15th.

Synacor (NASDAQ:SYNC) opened at $2.00 on Friday. The stock has a market cap of $81.24, a price-to-earnings ratio of -5.13 and a beta of 0.65. Synacor has a 1 year low of $1.95 and a 1 year high of $4.25. The company has a current ratio of 1.27, a quick ratio of 1.27 and a debt-to-equity ratio of 0.07.

Synacor (NASDAQ:SYNC) last issued its quarterly earnings data on Tuesday, November 14th. The information services provider reported ($0.02) earnings per share for the quarter. Synacor had a negative return on equity of 31.12% and a negative net margin of 9.87%. equities analysts anticipate that Synacor will post -0.3 EPS for the current fiscal year.

Institutional investors have recently modified their holdings of the business. Goldman Sachs Group Inc. raised its position in shares of Synacor by 49.9% in the second quarter. Goldman Sachs Group Inc. now owns 133,078 shares of the information services provider’s stock worth $486,000 after acquiring an additional 44,319 shares during the period. Northpointe Capital LLC raised its position in shares of Synacor by 558.3% in the third quarter. Northpointe Capital LLC now owns 1,649,151 shares of the information services provider’s stock worth $4,453,000 after acquiring an additional 1,398,638 shares during the period. Prudential Financial Inc. acquired a new position in shares of Synacor in the second quarter worth about $274,000. UBS Oconnor LLC acquired a new position in shares of Synacor in the second quarter worth about $373,000. Finally, Vanguard Group Inc. increased its stake in shares of Synacor by 4.1% during the second quarter. Vanguard Group Inc. now owns 706,887 shares of the information services provider’s stock worth $2,580,000 after purchasing an additional 27,763 shares in the last quarter. Institutional investors and hedge funds own 30.05% of the company’s stock.

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About Synacor

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.

Analyst Recommendations for Synacor (NASDAQ:SYNC)

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