Synchronoss Technologies (SNCR) Trading Down 5.4%
Synchronoss Technologies, Inc. (NASDAQ:SNCR) shares fell 5.4% on Thursday . The stock traded as low as $6.77 and last traded at $6.78. 1,203,869 shares were traded during trading, an increase of 44% from the average session volume of 835,410 shares. The stock had previously closed at $7.17.
Several brokerages have recently weighed in on SNCR. Deutsche Bank reissued a “hold” rating and set a $8.00 price target (down previously from $18.00) on shares of Synchronoss Technologies in a research report on Thursday, December 7th. Zacks Investment Research raised shares of Synchronoss Technologies from a “sell” rating to a “hold” rating in a research report on Wednesday, December 20th. BidaskClub cut shares of Synchronoss Technologies from a “sell” rating to a “strong sell” rating in a research report on Saturday, December 9th. Finally, Credit Suisse Group reissued an “underperform” rating and set a $8.00 price target (down previously from $13.00) on shares of Synchronoss Technologies in a research report on Thursday, December 7th. Three research analysts have rated the stock with a sell rating, eight have assigned a hold rating and one has issued a buy rating to the stock. The company has an average rating of “Hold” and an average target price of $16.57.
The firm has a market cap of $333.23, a price-to-earnings ratio of -5.50 and a beta of 1.33.
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Synchronoss Technologies Company Profile
Synchronoss Technologies, Inc is a global software and services company, which provides technologies and services for the mobile transformation of business. The Company’s portfolio in the Consumer and Enterprise markets contains offerings, such as personal cloud, secure-mobility, identity management and scalable messaging platforms, products and solutions.
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