Synacor (SYNC) Announces Earnings Results, Beats Expectations By $0.02 EPS

Synacor (NASDAQ:SYNC) posted its earnings results on Wednesday. The information services provider reported $0.01 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of ($0.01) by $0.02, Morningstar.com reports. Synacor had a negative return on equity of 13.66% and a negative net margin of 4.84%. Synacor updated its Q1 2019 guidance to EPS and its FY 2019 guidance to EPS.

Shares of Synacor stock opened at $1.81 on Thursday. Synacor has a fifty-two week low of $1.35 and a fifty-two week high of $2.50. The firm has a market cap of $70.98 million, a price-to-earnings ratio of -6.70 and a beta of 0.50. The company has a debt-to-equity ratio of 0.03, a quick ratio of 1.25 and a current ratio of 1.25.

Institutional investors have recently modified their holdings of the business. Cowen Prime Services LLC lifted its stake in shares of Synacor by 5.8% during the 4th quarter. Cowen Prime Services LLC now owns 330,225 shares of the information services provider’s stock worth $489,000 after purchasing an additional 18,074 shares during the period. Prescott Group Capital Management L.L.C. acquired a new stake in shares of Synacor during the 4th quarter worth $711,000. Emancipation Management LLC increased its holdings in shares of Synacor by 2.1% during the 4th 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 last quarter. Finally, Renaissance Technologies LLC increased its holdings in shares of Synacor by 4.2% during the 3rd quarter. Renaissance Technologies LLC now owns 1,437,200 shares of the information services provider’s stock worth $2,300,000 after buying an additional 57,900 shares during the last quarter. 26.80% of the stock is currently owned by institutional investors.



Separately, Zacks Investment Research lowered Synacor from a “hold” rating to a “strong sell” rating in a research note on Saturday, November 17th. One research analyst has rated the stock with a sell rating, three have given a hold rating and one has given a buy rating to the company. The company currently has an average rating of “Hold” and an average target price of $3.50.

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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. 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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Earnings History for Synacor (NASDAQ:SYNC)

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