Synacor (NASDAQ:SYNC) Rating Increased to Buy at Craig Hallum

Synacor (NASDAQ:SYNC) was upgraded by equities research analysts at Craig Hallum from a “hold” rating to a “buy” rating in a research report issued to clients and investors on Friday, Marketbeat Ratings reports.

Separately, ValuEngine lowered shares of Zosano Pharma from a “buy” rating to a “hold” rating in a report on Wednesday, May 1st. One research analyst has rated the stock with a sell rating, three have issued a hold rating and one has given a buy rating to the company’s stock. Synacor has an average rating of “Hold”.

Shares of Synacor stock opened at $1.50 on Friday. Synacor has a 1 year low of $1.40 and a 1 year high of $2.50. The company has a market capitalization of $60.10 million, a price-to-earnings ratio of -11.54 and a beta of 0.11. The company has a current ratio of 1.11, a quick ratio of 1.11 and a debt-to-equity ratio of 0.11. The company’s 50 day moving average is $1.62.

Synacor (NASDAQ:SYNC) last announced its earnings results on Wednesday, May 8th. The information services provider reported ($0.03) earnings per share (EPS) for the quarter. Synacor had a negative net margin of 5.20% and a negative return on equity of 11.02%. The company had revenue of $31.82 million for the quarter. Analysts anticipate that Synacor will post -0.02 EPS for the current year.

Several institutional investors and hedge funds have recently made changes to their positions in SYNC. Emancipation Management LLC increased its stake in shares of Synacor by 2.1% in the fourth quarter. Emancipation Management LLC now owns 626,808 shares of the information services provider’s stock worth $928,000 after buying an additional 12,700 shares during the period. NJ State Employees Deferred Compensation Plan increased its stake in shares of Synacor by 4.8% in the first quarter. NJ State Employees Deferred Compensation Plan now owns 220,000 shares of the information services provider’s stock worth $345,000 after buying an additional 10,000 shares during the period. Punch & Associates Investment Management Inc. increased its stake in shares of Synacor by 28.0% in the first quarter. Punch & Associates Investment Management Inc. now owns 160,000 shares of the information services provider’s stock worth $251,000 after buying an additional 35,000 shares during the period. Finally, Nations Financial Group Inc. IA ADV increased its stake in shares of Synacor by 62.5% in the first quarter. Nations Financial Group Inc. IA ADV now owns 19,500 shares of the information services provider’s stock worth $31,000 after buying an additional 7,500 shares during the period. Hedge funds and other institutional investors own 26.50% of the company’s stock.

About Synacor

Synacor, Inc operates as a technology development, multiplatform services, and revenue partner for video, Internet, and communications providers; and device manufacturers, governments, and enterprises in the United States and internationally. It enables its customers to provide their consumers engaging, multiscreen experiences with products that require scale, and actionable data and implementation.

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