Synacor (SYNC) Earning Somewhat Favorable Press Coverage, Report Finds

Media headlines about Synacor (NASDAQ:SYNC) have trended somewhat positive recently, Accern Sentiment reports. The research firm identifies positive and negative news coverage by analyzing more than twenty million news and blog sources in real-time. Accern ranks coverage of public companies on a scale of -1 to 1, with scores closest to one being the most favorable. Synacor earned a news sentiment score of 0.03 on Accern’s scale. Accern also gave news headlines about the information services provider an impact score of 45.2120063540873 out of 100, indicating that recent news coverage is somewhat unlikely to have an effect on the stock’s share price in the immediate future.

SYNC has been the topic of a number of recent research reports. ValuEngine upgraded Synacor from a “sell” rating to a “hold” rating in a research note on Friday, December 1st. Canaccord Genuity reduced their price objective on Synacor from $6.00 to $5.00 and set a “buy” rating on the stock in a research note on Wednesday, November 15th. Finally, Zacks Investment Research cut Synacor from a “hold” rating to a “sell” rating in a research note on Saturday, January 20th. Two equities research analysts have rated the stock with a sell rating, two have assigned a hold rating and three have given a buy rating to the company. The company currently has an average rating of “Hold” and an average target price of $5.00.

Shares of Synacor (SYNC) remained flat at $$2.05 during midday trading on Thursday. The stock had a trading volume of 146,958 shares, compared to its average volume of 198,206. Synacor has a fifty-two week low of $1.85 and a fifty-two week high of $4.25. The firm has a market capitalization of $78.34, a PE ratio of -5.13 and a beta of 0.44. 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 (NASDAQ:SYNC) last announced its earnings results on Tuesday, November 14th. The information services provider reported ($0.02) earnings per share (EPS) for the quarter. Synacor had a negative return on equity of 31.12% and a negative net margin of 9.87%. The business had revenue of $36.27 million for the quarter. equities research analysts predict that Synacor will post -0.3 earnings per share for the current fiscal year.

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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.

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