Synacor (NASDAQ:SYNC) Upgraded by Craig Hallum to Buy

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

Separately, ValuEngine cut shares of Zosano Pharma from a “buy” rating to a “hold” rating in a research note on Wednesday, May 1st. One analyst has rated the stock with a sell rating, three have given a hold rating and one has assigned a buy rating to the company. The stock presently has a consensus rating of “Hold”.

NASDAQ:SYNC opened at $1.50 on Friday. The stock has a 50-day simple moving average of $1.62. The stock has a market cap of $60.10 million, a P/E ratio of -11.54 and a beta of 0.11. The company has a quick ratio of 1.11, a current ratio of 1.11 and a debt-to-equity ratio of 0.11. Synacor has a 1-year low of $1.40 and a 1-year high of $2.50.

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

Institutional investors have recently made changes to their positions in the stock. Nations Financial Group Inc. IA ADV boosted its stake in Synacor by 62.5% in the 1st quarter. Nations Financial Group Inc. IA ADV now owns 19,500 shares of the information services provider’s stock worth $31,000 after purchasing an additional 7,500 shares in the last quarter. Punch & Associates Investment Management Inc. boosted its stake in Synacor by 28.0% in the 1st quarter. Punch & Associates Investment Management Inc. now owns 160,000 shares of the information services provider’s stock worth $251,000 after purchasing an additional 35,000 shares in the last quarter. Emancipation Management LLC boosted its stake in Synacor by 2.1% in the 4th quarter. Emancipation Management LLC now owns 626,808 shares of the information services provider’s stock worth $928,000 after purchasing an additional 12,700 shares in the last quarter. Finally, NJ State Employees Deferred Compensation Plan boosted its stake in Synacor by 4.8% in the 1st quarter. NJ State Employees Deferred Compensation Plan now owns 220,000 shares of the information services provider’s stock worth $345,000 after purchasing an additional 10,000 shares in the last quarter. Institutional investors own 26.50% of the company’s stock.

Synacor Company Profile

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.

Read More: Do equity income investments outperform growth and income investments?

Receive News & Ratings for Synacor Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Synacor and related companies with MarketBeat.com's FREE daily email newsletter.